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200305179 8490102 RYAN FIXEDIADJUSTABLE RATE RIDER (LIBOR One -Year Index (As Published In The Wall Sheet Journal)--Rate Caps) THIS FTKED /ADJUSTABLE RATE RIDER is made this 25thday of April 20M and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date given by the undersigned ("Borrower') in secure Borrower's Fixed/Adjustable Rate Note (the `Note ") to WACHOVIA MORTGAGE CORPORATION ( "Lender) of the same date and covering the property described in the Security Instrument and located at: 1516 MANSFIELD ROAD GRAND ISLAND,NE 68803 IAnpaty Md ssl THE NOTE PROVIDES FOR A CHANGE IN BORROWER'S FIXED INTEREST RATE TO AN ADJUSTABLE INTEREST RATE. THE NOTE LIMITS THE AMOUNT BORROWER'S ADJUSTABLE INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE BORROWER MUST PAY. ADDITIONAL COVENANTS In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenam and agree as follows: A. ADJUSTABLE RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial fixed interest rate of 3.750 V. The Note also provides for a change in the initial fixed rate to an adjustable interest rate, as follows: ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The initial fixed interest rate I will pay will change to an adjustable interest rate on the fast day of May , 2004 and the adjustable interest rate I will pay may change on that day every 12th month thereafter. The date on which my initial fixed interest rate changes to an adjustable interest rate, and each date on which my adjustable interest rate could change, is called a "Change Date." (B) The Index Beginning with the first Change Date, my adjustable intcrost rate will be based on an Index. The "Index" is the average of interbank offered rates for one -year U.S. dollar-denominated deposits in the London market ("LIBOR"), as published in The Wall Street Journal. The most mcent Index figure available as of the date 45 days before each Change Date is called the "Cmrem index." If the Index is no longer available, the Note Holder will choose a new index that is based upon comparable information. The Note Holder will give me notice of this choice. (C) Calculation of Changes Before each Change Date, the Note Holder will calculate my new interest rate by adding Two and One Fourth percentage points C,&250 %) to the Current Index, The Note Holder will then mend the result of this addition to the nearest one-eightr of one percentage point (0.125%). Subject to the limits stated in Section 4(D) below, this rounded amount will be my new interest rate until the next Change Date. 241505 (10/01) [150511 mulrrsrnr's rnamnnmsrnnre oars amen— ws.rn..vn.hwoa —svtla e.muy— r.eere wenuro.m rw�.mmr nam ern evr Page l of3 KL�I ,cf