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200305912 <br />ADJUSTABLE RATE RIDER <br />(LIBOR Sir -Month Index (As Published In The Wall Street Journal) - Rate Caps) <br />2 YEAR RATE LOCK <br />THIS AD1US'I'ABLL• RATE, RIDER is made this 218t day of Apr I 1 2003 , <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust. or <br />Security Deed (the "Swurity Instrument") of the same date given by the undersigned ( "Borrower") to secure <br />Borrower's Adjustable Rate Now (the "Note ") to <br />NEW CENTURY MORTGAGE CORPORATION <br />( "Lender ") of the same date and covering the property described in the Security Instrument and <br />located at: <br />4145 MANCHESTER ROAD, GRAND ISLAND, HE 68803 <br />Iooperty Address] <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE <br />INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE <br />AMOUNT BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE <br />TIME AND THE MAXIMUM RATE BORROWER MUST PAY. <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security <br />Instrument, Borrower and Lender further covenant and agree as follows: <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Now provides for an initial interest rate of 8.9900 %. The Now provides for <br />changes in the interest rate and the monthly payments, as follows: <br />4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />(A) Change Dates <br />The interest rate I will pay may change on the first day of May 2005 , <br />and on thatday every 6th month thereafter. Each date on which my interest rate could change <br />is called a "Change Date." <br />0000796683 <br />MULTISTATE ADJUSTABLE RATE RIDER -LIBOR SIX -MONTH INDEX (AS PUBLISHED IN THE WALL <br />STREET JOURNAL) - Single Family Fannie Mae Uniform Instrument <br />afl (0006) Form 31381/01 <br />P II I I II I II I II II <br />Page ge I f <br />Inilied" " � <br />VMP MORTGAGE FORMS - (800)521 -7291 <br />