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<br />200606849 <br /> <br />ADmSTABLE RATE RIDER <br /> <br />(1 Year Treasury Index - Rate Caps) <br /> <br />THIS ADJUSTABLE RATE RIDER is made this 1st day of August, 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 lnstrwnent") of the 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 />635 KENNEDY DR <br />GRAND ISLAND, NE 68801-3446 <br />[Property Address] <br /> <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE <br />INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE UMITS 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 />Instrwnent, Borrower and Lender further covenant and agree as follows: <br /> <br />A. INTEREST RATE AND MONTIrr.Y 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 />8.000 %. The Note provides for <br /> <br />4. INTEREST RATE AND MONTIrr.Y PAYMENT CHANGES <br />(A) Change Dates <br />The interest rate I will pay may change on the first day of August 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 />230098 <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 />~822R (0008) 'om 31~~ <b?_ "" <br />Page 1 of 4 Initials: /,t//~ <br />VMP MORTGAGE FORMS - (800)521- 91 <br />