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<br />200705462 <br /> <br />ADJUSTABLE RATE RIDER <br /> <br />(l-Year Treasury Index - Rate Caps) <br /> <br />THIS ADJUSTABLE RATE RDER is made this 28th day of June, 2007 <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed <br />of Trust, or Security Deed (the "Security Instrument") of the same date given by the <br />undersigned (the "Borrowe r") to secure Borrowe r's Adjustable REte Note (the "Note") to <br />TierOne Bank <br /> <br />(the "Lender") of the same date and covering the property described in the Security <br />Instrument and located at: <br /> <br />509 E Sto11ey Park Rd <br />Grand Island, NE 68801-8231 <br />[Property Address] <br /> <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE <br />INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE UMITS THE <br />AMOUNT THE BORRONER'S INTEREST RATE CAN CHANGE AT ANY ONE <br />TIME AND THE MAXIMUM RATE THE BCRRONER 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 init ial interest rate of 8.375 %. The Note provides <br />for changes in the interest rate and the monthly payments as follows: <br /> <br />4. INTEREST RArE AND MONTHLY PAYMENT CHANGES <br />(A) Change Dates <br />The interest rate I will pay may change on the first day of July 2012 <br />and on that day every 12t h month thereafter. Each date on whic h my interest rate could <br />change is called a "Change Date." <br /> <br />0110269370 <br /> <br />MULTISTATE ADJUSTABLE RATE RIDER-ARM 5-1 - Single Family - Fannie Mae/Freddie Mac <br />UNIFORM INSTRUMENT <br />Fannie Mae 4-1/5-1/6 -1 ARM <br />Fonn 3108 1/01 ~ <br />~-821 R (0402).01 <br />Page 1 of 4 Initials. <br />VMP Mortgage Solutions, Inc. <br />