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20050 511"7 ADJUSTABLE RATE RIDER (6 -Month LIBOR Index - Rate Caps) (Assumable during Life of Loan) (First Business Day of Preceding Month L.00kback) SEE "ADDENDUM TO ARM RIDER" ATTACHED HERETO AND MADE A PART HEREOF. LOAN NO.: 40315265 MIN:100112065697086847 MFRS Phone: 1. 888.679.6377 THIS ADJUSTABLE RATE RIDER is made this 3rd day of JUNE, 2005 , art(] 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 the Borrower's Adjustable Rate Note (the "Note ") io MIT LENDING (the "Lender ") of the same date: and covering the property described in the Security Instrument and localed at: 403 EAST 19TH STREET, GRAND ISLAND, NE 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 CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY. ADDITIONAL COVENANTS In addition to the covenants and agreements made in the Security Instrument, Borrower and L,e.Mder further covenant and agree as follows: A INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 6.950 %,. The Note provides for changes in the interest rate and the monthly payments, as follows; 4 INTEREST RATE AND MON IILY PAYMENT CIIANOFS (A) Change Dates The interest rate I will pay may change on the first day of JUNE, 2007 and may change on that day every sixth month thereafter. Each date on which my interest rate could change. is called a "Change Date." / MULTISTATE ADJUSTABLE RATE RIDER 6 -Month LIBOR Index (Assumable during Life of Loan) (First Business Day Lookback) - Single F, roily - Freddie Mac UNIFORM INSTRUMENT Form 5120 3104 VMP -815R (0405) Page 1 of 4 LENDER SUPPORT SYSTEMS INC 815R.NFW (OF104)