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<br />200600025 <br /> <br />ADJUSTABLE RATE RIDER <br />(LIBOR Six-Montb Index (As Published In The Wall Street Journal}-Rate Caps) <br /> <br />THIS ADJUSTABLE RATE RIDER is made this 15th day of December ,2005, <U:ld is incorporated into <br />and shall be deemed to amend Md supplmnent thc Mortgage, [)Qed. of Trust, or Security Decil (the "Security <br />Instrument") of the same dato given by the undcn>igned ("13orrower") to secure Borrower's Adjul'lUlblc Rate Note <br />(the"Nole;toAccredited Home Lenders, Inc., A Cal1fornia Corporat10n("Lender")ofthe <br />=e date ;md covering the property dcscnood in the Secwity Instrument llnd located &t: <br /> <br />721 CHURCH ROAD <br />GRAND lSLANO. NE 66801 <br />[property Address] <br />THE NOTE CONTAINS PRQVlSJONS ALLOWING FOR CHANGES IN THE <br />INTEREST RATE AND THE MONTHL Y PAYMENT. THE NOTE LlMITS THE <br />AMOUNT BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME <br />AND THE MAXIMUM RATE BORROWER MUST PAY. <br /> <br />ADDITIONAL COVENANTR In addition to the covenants and agrecmcntll made in the Sec\lrity lusWtnent, <br />Borrower and u,nder further covenomt and agree as follows: <br /> <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> <br />Tho Note:: provides for an initial interest rate of 10.490%. The Note provides for changes in the intcrest rate and <br />the monthly payments, as fonows: <br /> <br />4. INtEREST RATE AND MONTHLY PAYMENT CHANGES <br /> <br />(A) Change Dates <br /> <br />The interest ratc I will P41Y may change on the 1 s t day of J a n u a r y, 200 e and on the 1 s t day of evr:ry sixth <br />month thereafter. Each date on which my interest rate could change is called a "Change Date." <br /> <br />(B) The Index <br /> <br />Beginning with the fi~ Cha.nge Date, my intc:rcst rate will bc based on an Index. l'he "Index" is the average of <br />interbank offercd rates for six month U.S. dollar-dcnominited. deposits in the: London market ("LIBOR"), as <br />publillhcd in The Wall Slroot Journal. TIle moltt recent Index fisure i1:vailablc as of thc filbi busi ness day of the <br />month immediately preceding the month in which the Change Date occurs is called. the "Current Index." <br /> <br />If the Index. ill no longer available, the Note Holder will choose a new index that is based upon comparable <br />information. The Note Holder will give me notice of this choice. <br /> <br />MIN # 100'76105120968543 <br />ARMRIDRLUFF <br /> <br />GOODMAN <br />Page 1 of 3 <br /> <br />(Z~~ <br />'l'dt~ohlR}j <br />Loan # 0512096854 <br />AHL mod1f1ed Fann'eMae 3138 (1/01) <br /> <br />8tO'd <br /> <br />t08l88Z9l8 <br /> <br />31111 lSHld A1IHfi03S <br /> <br />L8:81 900Z-9l-03Q <br />