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200608119 8714801 VD3111ti All .13 IN as 11X114 Y Dl 010 DI "I THIS ADJUSTABLE RIDER is made effective as of September L1, 2006, and is incorporated into and shall be deemed to amend and supplement the Multifamily Mortgage (the "Security Instrument ") of the same date given by the undersigned (the "BORROWER ") to secure Borrower's Adjustable Rate Note (the "NOTE ") LaSalle Bank National Association (the "LENDER ") of the same date and covering the property described in the Security Instrument and located at: 2222 Bellwood Avenue, Grand Island, NE 68801 THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. IF THE INTEREST RATE INCREASES, THE BORROWER'S MONTHLY PAYMENTS WILL INCREASE. IF THE INTEREST RATE DECREASES, THE BORROWER'S MONTHLY PAYMENT WILL DECREASE. The provisions contained in the Note concerning per annum interest rate and monthly payment changes are as follows: The initial rate of interest due and payable hereunder shall be 6.72% percent per annum. The interest note is subject to change, however, beginning on the 1 st day of October, 2016 and on the first day of the month that is every six (6) months thereafter (the "Change Dates ") subject to the limitations set forth herein. The per annum Rate Of Interest shall be changed on each "Change Date" to a "Rate Of Interest" which equals the "Current Index Rate" plus two and one half percent (2.5 %). The interest rate will equal the Current Index Rate plus our margin rounded up to the nearest 1/8 percent unless your interest rate "Caps" as set forth below limit the amount of change in the interest rate. The Current Index Rate shall be the most recent "Index Rate" available as of 45days prior to a Change Date provided that if such day is not a business day, the LIBOR published on the immediately preceding business day will be used. The Index Rate shall be the six (6) month London Interbank Offering Rate (LIBOR), as published in the Wall Street Journal. If the Index Rate is no longer available, the holder of the Note will choose a new index which is based upon comparable information as determined by Lender in its sole discretion. Written notice of the note holder's choice of a new index shall be sent to the undersigned. Changes to the per annum rate of interest, as described above, shall be subject to the following limitations: a) The interest rate on the first Change Date shall not be increased by more than five (5 %) from the interest rate which was in effect immediately prior to such Change Date; b) The interest rate on the second Change Date and every Change Date thereafter shall never increase or decrease by more than one percent (1.0 %) from the interest rate which was in effect immediately prior to such change and c) The interest rate payable at any time during the term of the loan shall never be greater than 12.72% or lower than 6.22% per annum. Late charges and default charges as specified below, however, are payable in addition to the per annum rate limitations set forth in this paragraph and nothing contained herein shall be deemed to limit the imposition of such late charges and/or default charges. The initial monthly installment payments of principal and interest shall be in an amount necessary to amortize the original indebtedness, together with interest at the initial rate, over a thirty year period (the Amortization Period). Monthly installments of principal and interest, however, shall be changed, effective with the installment due in the month immediately subsequent to the Change Date, to an amount necessary to amortize the principal balance outstanding on such Change Date, together with interest thereon at the new per annum rate of interest over the number of years remaining in the Amortization Period. Interest on this loan shall be payable monthly in arrears, except that per diem interest from the date if disbursement to the end of the calendar month in which disbursement occurs shall be payable in advance. All words used in this agreement will be construed to be of such gender or entity or number as the circumstances require.