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i3 200316618 ADJUSTABLE RATE RIDER THIS ADJUSTABLE RATE RIDER is made this 30th daY of December 2003 , and is incorporated htD,- and shall be deemed to amend and supplement the Mortgage or Deed of Trust (the "Security Instrument ") of the same da*- given by the undersigned (the "Borrower") to secure Borrower's Disclosure Statement, Adjustable Rate Note and Security.. Agreement (the "Note ") to CITIFINANCIAL, INC. (MD) (the "Lender") of the same date and covering the property described in the Security Instrument located at: 7 422 E 10 GRAND ISLAND, NE 68801 r�x (PmpertY Address) s s THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTH PAYMENT. THE NOTE LIMITS THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE Tth AND THE .MAXIMUM RATE THE BORROWER MUST PAY. Additional Covenants. In addition to the covenants and agreements made in the Security Instrument, - Borrower and Lett further covenant and agree as follows: " 4 INTEREST RATE AND MONTHLY PAYMENT CHANGES: The Note provides for an initial interest rate set forth in the The Note provides for changes in the interest rate and the monthly payments, as follows: The interest rate Borrower will pay may change on the 24 month anniversary of the Date of Note grid every 6 mo thereafter. Each date on which Borrower's interest rate could change is called a "Change Date." Beginning with the first Change Date and every 6 months thereafter, Borrower's interest rate will be charged to the [ Rate plus a margin as set forth in the Note. The "Index Rate" is the highest prime rate published in the Ntoney Rates coi of The Wall Street Joumal on the calendar day immediately preceding the Change Date; or, if the index was not published that day, that rate on the next preceding day on which it was published. ALTERNATE INDEX: If the Index Rate is no longer available, Lender will choose a new Index Rate which,i#;believes will t closely approximate the former Index Rate. IN LIMITS ON RATE CHANGES: The maximum and minimum interest rates during the life of this loaKare set it th in the Ne MONTHLY PAYMENTS: Principal and interest shall be payable in consecutive monthly installments. itf`the rate of inter changes, the number of monthly payments will not change. The amount of the monthly payments will change to the mord amount needed to repay the remaining unpaid principal balance plus interest as changed in the remaining numbei< payments, assuming that all payments due after the calculation are made are paid as scheduled. The*d change, if ar the monthly payment amount will become effective on the 24 month anniversary date of the first,payment due t>'1 Subsequent changes in the monthly payment amount may occur on the payment due date every 6 months thereat Each new payment amount will remain in effect until the effective date of the next payment change, DEFAULT:. If Borrower fails to pay any payments when due, Lender may exercise any. remedies; #feEt ay the Seal Instrument in the case of default. By Signing Below, Borrower accepts and agrees to the terms and covenants contained in this Adjustable Ret6,'A1der. t �K (Seal) HERMAN U aALUD III - Borrower DEANN M ZALUD -Bof 29998 -1 9/2000 Original (Recorder) Copy (Branch) Copy (Custoner)