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<br />N.alllllli"h1,fllr,I.h~m <br /> <br />200601465 <br /> <br />MIN: 100224640000012170 <br /> <br />Loan Number: 490001811 <br /> <br />ADJUSTABLE RATE BALLOON RIDER <br />(lIBOR Six.Month Index (As Published In The Wall Street Journal) <br />- Rate Caps) <br /> <br />THIS ADJUSTABLE RATE RIDER is made this 10th day of FEBRUARY, 2006 <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 secure <br />Borrower's Adjustable Rate Note (the "Note") to OWNIT MORTGAGE SOLUTIONS, INC., <br />A CALIFORNIA CORPORATION <br />("Lender") of the same date and covering the property described in the Security Instrument and located at: <br /> <br />2122 ATLANTA STREET, GRAND ISLAND, NEBRASKA 68803 <br />[Propel1y Address] <br /> <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 AND <br />THE MAXIMUM RATE BORROWER MUST PAY. <br /> <br />THE LOAN IS PAYABLE IN FULL AT MATURITY. YOU MUST REPAY THE <br />ENTIRE PRINCIPAL BALANCE OF THE LOAN AND UNPAID INTEREST THEN <br />DUE. LENDER IS UNDER NO OBLIGATION TO REFINANCE THE LOAN AT THAT <br />TIME. YOU WILL, THEREFORE BE REQUIRED TO MAKE PAYMENT OUT OF <br />OTHER ASSETS THAT YOU MAY OWN, OR YOU WILL HAVE TO FIND A <br />LENDER, WHICH MAY BE THE LENDER YOU HAVE THIS LOAN WITH, <br />WILLING TO LEND YOU THE MONEY. IF YOU REFINANCE THIS LOAN AT <br />MATURITY, YOU MAY HAVE TO PAY SOME OR ALL OF THE CLOSING COSTS <br />NORMALLY ASSOCIATED WITH A NEW LOAN EVEN IF YOU OBTAIN <br />REFINANCING FROM THE SAME LENDER. <br /> <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 /> <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial interest rate of 7 . 625 %. The Note provides for changes <br />in the interest rate and the monthly payments, as follows: <br /> <br />4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />(A) Change Dates <br />The interest rate I will pay may change on the 1 s t day of MARCH, 2009 <br />and on that day every 12th month thereafter. Each date on which my interest rate could change is called <br />a "Change Date." <br /> <br />MULTI STATE ADJUSTABLE RATE BALLOON RIDER-.L1BOR SIX.MONTH INDEX DocM.glc~ 800-649-1362 <br />(AS PUBLISHED IN THE WALL STREET JOURNAL) www.docmagic.com <br />NON ASSUMABLE 12/21/05 Page 1 of 3 <br /> <br />~ <br />