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<br />4" <br /> <br />200605700 <br /> <br />ADJUSTABLE RATE RIDER <br /> <br />(1 Year Treasury Index - Rate Caps) <br /> <br />THIS ADJUSTABLE RATE RIDER is made this 23rd day of June, 2006 <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, <br />Deed of Trust, or Security Deed (the "Security Instrument") ofthe same date given by the undersigned (the <br />"Borrower") to secure Borrower's Adjustable Rate Note (the "Note") to EQUITABLE BANK <br /> <br />(the "Lender") of the same date and covering the property described in the Security Instrument and <br />located at: <br /> <br />915 W DIVISION ST <br />GRAND ISLAND, NE 68801-6451 <br />[Property 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 THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE <br />TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY. <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 <br />changes in the interest rate and the monthly payments as follows: <br /> <br />6.750 %. The Note provides for <br /> <br />4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />(A) Change Dates <br />The interest rate I will pay may change on the first day of July 2011 <br />and on that day every 12th month thereafter. Each date on which my interest rate could change is called a <br />"Change Date. " <br /> <br />230083 <br /> <br />MULTISTATE ADJUSTABLE RATE RIDER - ARM 5-2 ~Single Family~ Fannie Mae/Freddie Mac <br />UNIFORM INSTRUMENT <br />Fannie Mae 4-2/5-2/6-2 ARM <br />.-S22R(0008) Form31111/01 (J/:/' <br />page@1 of 4 Initials(h1.J Y- 1"\0 I <br />VMP MORTGAGE FORMS - (800)521-7291 <br />