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200207535 <br />ADJUSTABLE RATE RIDER <br />(LABOR Index - RateCaps) Loan 4: 0307927293 <br />THIS ADJUSTABLE RATE. RIDER is made this 16Lh day of July, 2002 , and <br />is incorporated into and shall be deemed to amend and supplement the Mortgage, Decd of Trust, or Deed <br />to Secure Debt (the "Security Instrument ") of the same date given by the undersigned (the "Borrower ") to <br />secure Borrower's Note to <br />AFS Mortgage Services Corp ne. Residential Mortgage Svcs <br />Rhe "Lender ") of the same date and coveting the property described in the Security Instrument and located <br />at <br />581 E 20TH, GRAND ISLAND, NEBRASRl1 EBB01 <br />(Property Addrassl <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE <br />INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE <br />AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE <br />TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY. <br />ADDITIONAI, COVENANTS. In addition m 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 Note provides for an initial interest rate of 7.470 o. The Note provides for <br />Changes in the interest Irate 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 August 01, 2004 , and on that <br />day every sixth month thereafter. Each date on which my interest rate could change is called a "Change <br />Date." <br />MULTISTATE ADJUSTABLE RATE RIDER (LIBOR Index) - Single Family - Freddie Mac UNIFORM INSTRUMENT <br />4 -a 15R (0008) Form 3192 1101 <br />Page 1 of 4 Imtiata'. J (- ' IC <br />VMP MORTGAGE FORMS - (800l521 72 91 <br />