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200505407 <br />MER5 MIN: 100039046749869414 4674986941P <br />ADJUSTABLE RATE RIDER <br />(LIBOR Six -Month Index (As Published In The Wall Street Journan - Rate Caps <br />Accrued Interest Only for Fixed Rate Period) <br />THIS ADJUSTABLE RATE RIDER is made this 31st day of May, 2005 , <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or <br />Security Deed (the "Security Instrument ") of the same date given by the undersigned ( "Borrower ") to <br />secure Borrower's Adjustable Rate Note (the "Note ") to Quicken loans Inc. <br />a Michigan corporation ( "Lender ") of the same date and covering the property described in the Security <br />Instrument and located at: <br />4040 Cannon Road <br />Grand Island, NE 68803 <br />[Property Address] <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST <br />RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT <br />BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE <br />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 1.990 %. The Note provides for <br />changes in the interest rate and the 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 January 2006 and <br />on that day every 6th month thereafter. Each date on which my interest rate could change is called a <br />"Change Date." <br />2004/01 iomsrl .pcl Page 1 of 4 II I I I' IIIII II I I'I III J 1111111111111111 <br />605774128 84674986 4 047 <br />