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<br />200610360 <br /> <br />ADJUSTABLE RATE RIDER <br />(6-Month LIBOR Index - Rate Caps) <br />(Assumable during Life of Loan) (First Business Day of Preceding Month Lookback) <br /> <br />THIS ADJUSTABLE RATE RIDER is made this 17th day of November I 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 Instrument") of the same date given by the <br />undersigned (the "Borrower") to secure the Borrower's Adjustable Rate Note (the "Note") to <br />American Home Mortgage <br /> <br />(the "Lender") of the same date and covering the property described in the Security <br />Instrument and located at: <br />1420 North Piper Street, Grand Island, NE 68803 <br /> <br />[Property Address] <br /> <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE <br />INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE <br />AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY <br />ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY. <br /> <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the <br />Security Instrument, Borrower and Lender further covenant and agree as follows: <br /> <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial interest rate of <br />provides for changes in the interest rate and the monthly payments, as follows: <br /> <br />7.750 %. The Note <br /> <br />4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />(A) Change Dates <br />The interest rate I will pay may change on the first day <br />and may change on that day every sixth month thereafter. <br />rate could change is called a "Change Date." <br /> <br />of December, 2011 <br />Each date on which my interest <br /> <br />DOC #:319901 APPL #:0001511039 <br />MULTISTATE ADJUSTABLE RATE RIDER 6-Month LIBOR Index (Assumable during <br />Life of Loan) (First Business Day Lookback) - Single Family - Freddie Mac UNIFORM <br />INSTRUMENT VM51 0404 <br />~-8ISR (0404) Fonn S12/l11- <br /> <br />~~:i:~~~' 8om"o:;"a" A. M 1111111111nlll~11111111111 <br />