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200214356 <br />ADJUSTABLE RATE RIDER <br />(LIBOR Index - Rate Caps) <br />THIS ADJUSTABLE RATE RIDER is made this 13th day of December, 2002 and is incorporated into and <br />shall be deemed to amend and supplement the Mortgage, Decd of Trust, or Security Deed (the "Security <br />Instrument ") of the same date given by the undersigned ( "Borrower ") to secure Borrowers Adjustable Rate Note <br />(the "Note ") to Merrill Lynch Credit Corporation <br />( "Lender ") of the same date and covering the property described in the Security Instrument and located at: <br />1323 HAGGE AVENUE, GRAND ISLAND, NE 68801 <br />[Property 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 TIME <br />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 Note provides for an initial interest rate of 3.500 %. The Note provides for changes in the interest rate and the <br />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 July 2003 and on that day every 6th month thereafter. <br />Each date on which my interest rate could change is called a "Change Date." <br />Six Month Adjustable Rate Rider - Prime First <br />"I'll, a 116011111 <br />/^'V qs <br />!`Ay <br />.11— <br />(Pugs l of3) <br />