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DEC -11 -02 03:13PM FROM- T-019 P. 024/030 F -023 200214105 ADJUSTABLE RATE RIDER (LIBOR Index - Rate Caps) THIS ADJOSTASI,B RATE RIDER is made this 11th day of December ,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 Adjustable Rate Note (the "Note") to Accredited Home Lenders, Inc., A California corporation (the "Lender ") of the same date and covering the Property described in the Security Instrument and located at: 515 E. STOLLEY PARK ROAD GRAND ISLAND, WE 68801 [Property Address] THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE BORROWER -S INTEREST RATE CAN ORANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER MOST PAY. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument. Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND NORTRLY PAYMENT CHANGES The Note provides for an initial interest rate of 6 -000 k. The Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND NONTHLY PAYMENT CHANGES (A) Change Dates The interest rate I will pay may change on the 1st day of January 2006 and on that day every sixth month thereafter. Each date on which my interest rate could change is called a "change Date ". (B) The Index Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the average of interbank offered rates for six -month O.S. dollar- denominated deposits in the London market ("LIBOR'), as published in The wail Street Journal. The most recent Index figure available as of the MULTISTATE ADI ST LE RATE RIDER -LIBOR IM11 . Single Family - Fa}.MC - ML Modified 5/01 Rage 1 of 3 5601 -I. off 100176103120613153 E1137msoo 0212061315