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200605035 Loan No: 4002320909 Borrower: SHANE M SMIlH Data ID: 114 ADJUSTABLE RATE RIDER (LIB OR Six-Month Index (As Published In The Wall Street .Tournal)-Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 11th day of April, 2006, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date given by the undersigned ("Borrower") to secure Borrower's Adjustable Rate Note (the "Notc") to AEGIS LENDING CORPORATION ("Lender") of the same date and covering the property described in the Security Instrument and located at: 3605 BRONCO RD GRAND ISLAND, NEBRASKA 68801 [Property Addressl THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE BORROWER MUST PAY. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows; A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 9.225 %. The Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The interest rate I will pay may change on the first day of May, 2008, and on that day every 6th month thereafter. Eaeh datc on which my interest rate could change is called a "Change Date." (B) The Index Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the average of interbank offered rates for six month U.S. dollar-denominated deposits in the London market ("LIBOR"), as published in The Wall Street Journal. The most recent Index figure available as of the first business day of the month immediately preceding the month in which the Change Date occurs is called the "Currcnt Index." If the Index is no longer available, the Note Holder will choose a new indl-'X that is based upon comparable information. The Notc Holder will give me notice of this choice. (C)Calculation of Changes Before each Change Date, the Note Holder will calculate my new interest rate by adding SEVEN and 975/1000 percentage points ( 7.975 %) to the Current Index. The Note Holder will then round the result of this addition to the nearest one-eighth of one percentage point (0.125%). Subject to the limits stated in Section 4(D) below, this rounded amount will be my new interest rate until the next Change Date. MULTISTATE ADJUSTABLE RATE AIDER-UBOA SIX-MONTH INDEX (AS PUBUSHED IN THE WALl. STREET JOUR~- Single Farrily-Fannle Mae UNIFORM INSTRUMENT Modilled by Mlddleberg, Riddle & Gianna Form 3138 1/01 (Page 1 of 3 Pages) 11111111111111111111111111111111111111111111111111111111111111111111111111111111 40023209092181