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200606820 MIN: 1002589-4006040328-8 Loan Number: 4006040328 FIXED/ADJUSTABLE RATE RIDER (LIBOR Index - Rate Caps) THIS FIXED/ADJUSTABLE RATE RIDER is made on this 25th day of JULY , 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 (the "Borrower") to secure Borrower's Fixed/Adjustable Rate Note (the "Note") to FLEXPOINT FUNDING CORPORATION, A CALIFORNIA CORPORATION (the"Lender") of the same date and covering the property described in the Security Instrument and located at: 214 CAMPBELL AVENUE, DONIPHAN, NEBRASKA 68832 [Property Address] THE NOTE PROVIDES FOR A CHANGE IN THE BORROWER'S FIXED INTEREST RATE AND TO AN ADJUSTABLE INTEREST RATE. THE NOTE LIMITS THE AMOUNT THE BORROWER'S ADJUSTABLE RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE 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. ADJUSTABLE RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial fixed interest rate of 10. 850 %. The Note also provides for a change in the initial fixed rate to an adjustable interest rate, as follows: 1. ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGES (a) Change Dates The initial fixed interest rate will change to an adjustable interest rate on the first day of AU GUS T 2008 ,and on the first day of the month every 6th month thereafter. Each date on which the adjustable interest rate could change is called a "Change Date. " (b) The Index Beginning with the first Change Date, the interest rate will be based on an Index. The "Index" is the average of the London interbank offered rates for six month dollar deposits. in the London market based on quotations at five major banks ("LIBOR"), as set forth in the "Money Rates" section of The Wall Street Journal, or if the Money Rates section ceases to be published or becomes unavailable for any reason, then as set forth in a comparable publication selected by the Lender. The most recent Index figure available as of the date 45 days before each Change Date is called the "Current Index." (c) Calculation of Changes Before each Change Date, the Lender will calculate my new interest rate by adding FOUR AND 990/1000 percentage point(s) ( 4 . 990 %) to the Current Index. The Lender 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 l(d) on the following page, this rounded amount will be the new interest rate until the next Change Date. Fixed/Adjustable Rate Rider. Libor -1956016 (9510) Page 1 of 3 ELECTRONIC LASER FORMS, INC. . (800)327.0545 ~ 'f1\ \Y\ . ~ K.m.m.