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200506651 <br />ADJUSTABLE RATE RIDER <br />(1 -Year Treasury Index - Rate Caps) <br />THIS ADJUSTABLE RATE RIDER is made this 15th day of July, 2005 <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed <br />of Trust, or Security Deed (the "Security Instrument ") of the same date given by the <br />undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the Note ") to <br />TierOne Bank <br />(the "Lender ") of the same date and covering the property described in the Security <br />Instrument and located at: <br />2020 S AUGUST ST <br />GRAND ISLAND, NE 68601 -7406 <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 THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE <br />TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY. <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the <br />Security 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 6.750 %. The Note provides <br />for 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 August 2006 <br />and on that day every 12th month thereafter. Each date on which my interest rate could <br />change is called a "Change Date." <br />MULTISTATE ADJUSTABLE RATE RIDER -ARM 5 -1 - Single Family - Fannie Mae /Freddie Mac <br />UNIFORM INSTRUMENT <br />Fannie Mae 4- 1/5 -1/6 -1 ARM <br />Farm 370$ 7101 <br />(M-821111 (0402) <br />Page 1 of 4 Initials. <br />VMP Mortgage Solutions, Inc. <br />(800)521 -7291 <br />