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<br />200607160 <br /> <br />FIXED/ADJUSTABLE RATE RIDER <br /> <br />THIS FIXED/ADJUST ABLE RATE RIDER is made on this 9th day of August , <br />2006 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, <br />Deed of Trust or Security Deed (the "Security Instrument") of the same date given by the undersigned <br />("Borrower") to secure Borrower's Fixed/Adjustable Rate Note (the "Note") to Washington Mutual <br />Bank <br />("Lender") of the same date and covering the property described in the Security Instrument and located at: <br />2312 Blake Street, Grand Island, N E 68803 <br /> <br />[Property Address] <br /> <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR A CHANGE FROM THE <br />INITIAL FIXED INTEREST RATE TO AN ADJUSTABLE INTEREST RATE AND <br />FOR CHANGES IN THE MONTHLY PAYMENT. THE NOTE LIMITS THE <br />AMOUNT BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME <br />AND THE MAXIMUM RATE 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 />A. INTEREST RATE AND MONTHLY PA YMENT CHANGES <br />The Note provides for an initial tixed interest rate of 9.650 %. The Note <br />provides for a change in the initial fixed interest rate to an adjustable interest rate and for changes in the <br />monthly payments, as follows: <br />4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />(A) Change Dates <br />The initial fixed interest rate Borrower will pay will change to an adjustable interest rate on the first <br />day of September, 2008 , and the interest rate Borrower will pay may change <br />on that day every 6th month thereafter. Each date on which Borrower's interest rate could <br />change is called a "Change Date." <br />(B) The Index <br />Begimling with the first Change Date, Borrower's interest rate will be based on an Index. The "Index" <br />is the average of interbank offered rates for six month U.S. dollar-denominated deposits in the London <br />market ("LIBOR"), as published in The Wall Street Journal. The most recent Index figure available as of <br />the date 45 days before the Change Date is called the "Current Index." <br /> <br />Fixed/AdjUGtable Rate Rider - Libor <br /> <br />0729361915 <br /> <br />4140623 (0509) <br /> <br />Page 1 of 3 <br />