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200316048 <br />ADJUSTABLE RATE RIDER <br />(LIBOR Six -Month Index (As Published In The Wall Street Joumal) - Rate Caps) <br />Loan Number: 1500004778 <br />MIN: 100014415000047789 <br />THIS ADJUSTABLERATERIDERis made this 12th day of December, 2003 , <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 <br />MERITAGE MORTGAGE CORPORATION, <br />AN OREGON CORPORATION <br />( "Lender ") of the same date and covering the property described in the Security Instrument and <br />located at: <br />4145 HARTFORD STREET <br />GRAND ISLAND. NE 68803 <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 BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME <br />AND THE MAXIMUM RATE BORROWER MUST PAY. <br />ADDITIONAL COVENANTS. In addition to the covenants and agreementsmade 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 9.625%. 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 interestrateI will pay may change on the first day of January. 2006 , <br />and on that day every 6th month thereafter. Each date on which my interest rate could change <br />is called a "Change Date." <br />MULTISTATE ADJUSTABLE RATE RIDER -LIBOR SIX -MONTH INDEX (AS PUBLISHED IN THE WALL STREET <br />JOURNAL) - Single Family- Fannie Mae Uniform Instrument <br />-838R (0006) Form 31.3j3, 1/01 <br />® 09 /' G <br />Page 1 of 4 Initials: <br />VMP MORTGAGE FORMS - (800)521 -7291 <br />DDS -M38 <br />