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20021294 ijwu No. 41VL"J - =Jyfu Ei E L AW USTABLE RATE RIDER (LIBOR Index -Rate Caps;) TEUS FIXED /ADJUSTABLE RATE RIDER is made on this 14th day of November 2002 , 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 (the 'Borrower ") to secure Borrower's Fixed/Adjustable Rate Note (the "Note ") to : I-POINK0 BEi C;H MORTGAGE Ct7MPANY (the "L.ender ") of the same date and covering the property described in the Security Instru rent and located au _9- * s..a ;fJUM 1,41HOI i T GRAND ISLAND, NE SM1 11'[Way Addrasi THE NOTE PROVIDES FOR A CHANGE IN THE BORROWER'S FIXED INTEREST RATE AND TO AN ADJUSTABLE INTEREST RATE. THE NOTE LIMITS THE AMOUNT THE BORROWER'S ADJUSTABLE RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY. AD:;;ilu:r:AL In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: rue i ABLE KA E Amu MUIY t-HI.Y PAYMENT CHANGES The Note provides for an initial fixed interest rate of 11.060 fit. The Note also provides for a change in the initial fixed rate to an adjustable interest ram, as foltaws: i. AD E RCIrrc�s [ KATE AND MONTHLY PAYMENT CHANGES (a) Change Dates tie initial iixed interest rate wiii change to an adjustable interest rate on the first day of December , 2004 , and on the first day of the month every 6th month thereafter. Each date on which the adjustable interest rate could change is called a "Change Date." i u} I rte inuc [ Beginning with the first Change Date, the interest rate will be based on an Index_ The "Index" is the average of the London interbank offered rates for six month dollar deposits in the London market based on quotations at five major batiks ( "LIBOR "), as set forth in the "Money Rates" section of The Nall Street Journal, or if the Money Rates section ceases to be published or becomes unavailable for any reason, then as set forth in a comparable publication selected by the Lender. The most recent Index figure available as of the date 45 days before each Change Date is called the "Current Index." (c) Calculation of Chan Before each Change Date, the Lender will calculate my new interest rate by adding Five and Ninety Nine Hundredths percentage point(s) ( 5.990 %) to the Current Index. The Lender will then round the result of this addition to the nearest one - eighth of one percentage point (0.125%). Subject to the limits stated in Section i(d) on the following page, this rounded amount will be the new interest rate until the next Change Date. UrxedlAdjusialic Kate Rider - Uber 19�r6oi ti testa) I4 12"0161 (01l1Ma1) PC °ape t of 9 6LIC7gaNIC LAM FOFVAS, INC. - 19MI327.0 4S F� -N IU :U 5yU -7 yT Ups iU 0 !U -L -�"'7 �yt�i`wh