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200502750 Loan Number: 20025 ADJUSTABLE RATE RIDER (LIBOR Six -Month Index (As Published In The Wall Street Journan - Rate Caps) (Interest Only ARM) THIS ADJUSTABLE RATE RIDER is made this 29th day of MARCH 2005 , 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 ( "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to LENDERS DIRECT CAPITAL CORPORATION, A CALIFORNIA CORPORATION ( "Lender ") of the same date and covering the property described in the Security Instrument and located at: 403 WEST 9TH STREET, GRAND ISLAND , NEBRASKA 68801 [Property Address] THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE BORROWER MUST 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 MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 8 . 0 7 5 %. The Note also provides for changes in the interest rate and the monthly payments, as follows: 3. PAYMENTS (A) Time and Place of Payments I will pay interest by making payments every month for the first 24 payments (the "Interest - Only Period ") in the amount sufficient to pay interest as it accrues. Every month thereafter I will pay principal and interest by making payments in an amount sufficient to fully amortize the outstanding principal balance of the Note at the end of the Interest -Only Period over the remaining term of the Note. The principal and interest payment I pay may change as the interest rate I pay changes pursuant to Section 4 of this Note. I will make my monthly payments on the 1st day of each month beginning on MAY 1, 2005 . I will make these payments every month until I have paid all of the principal and interest and any other charges described below that I may owe under this Note. Each monthly payment will be applied as of its scheduled due date and will be applied to interest before Principal. If, on APRIL 1, 2035 , I still owe amounts under this Note, I will pay those amounts in full on that date, which is called the "Maturity Date." MULTISTATE ADJUSTABLE RATE RIDER - -LIBOR SIX -MONTH INDEX DocMagicirt-IM0 s00- 649.1362 (AS PUBLISHED IN THE WALL STR££TJOURNAL) www.docmagic.com DLJMC 10 RIDER 05/01/04 Page 1 of 4 J