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200504511 ADJUSTABLE RATE RIDER THIS ADJUSTABLE RATE RIDER is made this 25th day of April 1 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 (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to FCE Credit Union (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: 4005 Norseman Ave. Grand Island, NE 68803 [Property Address] THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE SCHEDULED PAYMENT. THE NOTE DOES NOT LIMIT THE AMOUNT THE BORROWER'S INTERESTRATE CAN CHANGE AT ANY ONE TIME. THE NOTE LIMITS THE MAXIMUM RATE THE BORROWER MAY 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 SCHEDULED PAYMENT CHANGES The Note provides for an initial interest rate of 6.700 %. The Note provides for changes in the interest rate and the scheduled payments as follows: 1. INTEREST RATE AND PAYMENT CHANGES (A) Change Dates The interest rate 1 will pay may change on the first day of _ April 2010 , and on the first day of every month thereafter. Each date on which my interest rate could change is called a "Change Date." (B) Variable Interest Rate The interest rate on this Note is subject to change from time to time based on changes in an index, which is the rate set at the sole discretion of the credit union board of directors. The Rate is not indexed, either internallyor externally (the "Index "). The Index is not necessarily the lowest rate charged by Lender on its loans and is set by Lender in its sole discretion. If the Index becomes unavailable during the term of this loan, Lender may designate a substitute Index after notifying me. Lender will tell me the current Index rate upon my request. I understand that Lender may make loans based on other rates as well. The interest rate change will not occur more often than each month. The Index currently is 6.700 % per annum. The interest rate to be applied to the unpaid principal balance of this Note will be at a rate equal to the Index, adjusted if necessary for the maximum rate limitation described below, resulting in an initial rate of _ 6.700 % per annum. Notwithstanding any other provision ofthis Note, the variable interest rate or rates provided for in this note will be subject to the following maximum rate. On each Change Date occurring under this Note, the interest rate will change. The interest rate to be applied to the unpaid principal balance as of the Change Date will be at a rate equal to the Index for such Change Date, adjusted if necessary for the maximum rate limitation described below. This interest rate will become my new interest rate. Lender will then determine the scheduled payment amount, calculated at the new interest rate and in substantially equal payments that would be sufficient to repay the unpaid principal, as of the Change Date, that I am expected to owe on the Maturity Date. The result of this calculation will be the amount of my new scheduled payment Unless waived by Lender, any increase in the interest rate will increase the amounts of my payments. (C) Limits on Interest Rate Changes The maximum interest rate that can apply under this Note is 18.000 %, or the maximum Annual Percentage Rate allowed by applicable law, whichever is less. Apart from this "cap ", there is no limit on the amount by which the rate can change. (D) Effective Date of Changes My new interest rate will become effective on each Change Date. I will pay the amount of my new payment beginning on the first payment date after the Change Date until the amount of my scheduled payment changes again. ADJUSTABLE RATE RIDER —Second Mortgage 0 Creative Thinking, Inc. 2004 (page I of 2 pages) 15339.CV (8/04) A1614 GOTO(000423af)