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200607275 100025440003290571 0038553178 ADDENDUM TO ADJUSTABLE RATE RIDER This addendum is made Augus t 3 , 2006 amend and supplement the Adjustable Rate Rider of the same date. and is incorporated into and deemed to The property covered by this addendum is described in the Security Instrument and located at: 1620 N SYCAMORE STREET , GRAND ISLAND , NEBRASKA 68801 AMENDED PROVISIONS In addition to the provisions and agreements made in the Security Instrument, I1we further covenant and agree as follows: ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGES Limits on Interest Rate Changes The interest rate I am required to pay at the first Change Date will not be greater than 14 . 000 % or less than 2 . 250 %. Thereafter, my adjustable interest rate will never be increased or decreased on any single Change Date by more than TWO percentage point(s) ( 2.000 %) from the rate of interest I have been paying for the preceding six (6) months. My interest rate will never be greater than 14.000 %. My interest rate will never be less than 2 . 250 %. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Unifonn Covenant 18 of the Security Instrument is amended to read as follows: Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. '~ Witness'" In Witness Thereof, Trustor has executed this addendum. . ..l.l \ \ __I V~LO- -\-., .+\ lS~ !? ~~ /1 , Ii #lI/lAth- (\ ROBERT A ARENDS 'lCVV\~l C ~~~ DNCY C ARENDS <is - >~-/ \l.p - Date Date (/~:> ( l U. ...)-- j 0 Date Date OIS022 I 1202 LIBOR Addendum to Rider 1/01