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200610586 ADJUSTABLE RATE RIDER (LmOR Six-Month Index (As Published In The Wall Street Journal)-Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 27th day of November 2006 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date given by the undersigned ("Borrower") to secure Borrower's Adjustable Rate Note (the "Note") to FIRST NLC FINANCIAL SERVICES, LLC ("Lender") of the same date and covering the property described in the Security Instrument and located at: 1110 N PINE STREET GRAND ISLAND, NE 68801 [Property Address] THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTIll..Y PAYMENT. THE NOTE LIMITS TIlE AMOUNT BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE BORROWER MUST PAY. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTIll..Y PAYMENT CHANGES The Note provides for an initial interest rate of 11.3800%. The Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTIll..Y PAYMENT CHANGES (A) Change Dates The interest rate I will pay may change on the first day of December 2009 and on that day every sixth month thereafter. Each date on which my interest rate could change is called a "Change Date." (B) The Index Beginning with the fIrst Change Date, my interest rate wiIl be based on an Index. The "Index" is the average of interbank offered rates for six month U.S. dollar-denominated deposits in the London market ("LIBOR"), as published in The Wall Street Journal. The most recent Index fIgure available a<; of the first business day of the month immediately preceding the month in which the Change Date occurs is called the "Current Index." If the Index is no longer available. the Note Holder will choose a new index that is based upon comparable information. The Note Holder will give me notice of this choice. (C) Calculation of Changes Before each Change Date, the Note Holder will calculate my new interest rate by adding Seven and One Quarter percentage points ( 7.250%) to the Current Index. Subject to the limits stated in Section 4(0) below, this amount will be my new interest rate until the next Change Date. MULTISTA TE ADJUSTABLE RATE RIDER-LIB OR SIX. MONTH INDEX (AS PUBLISHED IN THE WALL STREET JOVRNAL)-Single Family (Page 1 of 3 pages) 4420603770 100195910003015263 FNLC Form 33029L 1 (04052005) ~ @