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200705862 ADJUSTABLE RATE RIDER (LIBOR Six-Month Index (As Published In The Wall Street Journal)-Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 5th day of June 2007 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, DBA THE LENDING CENTER ("Lender") of the same date and covering the property described in the Security Instrument and located at: 419 NORTH SHERMAN AVENUE GRAND ISLAND, NE 68803 [Property Address] THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE 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 MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 8.7500%. The Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The interest rate I will pay may change on the first day of July 2010 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 will 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 as 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 infonnation. 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 Four and Three Quarters percentage points ( 4.750%) to the Current Index. Subject to the limits stated in Section 4(D) below, this amount will be my new interest rate until the next Change Date. MUL TISTA TE ADJUSTABLE RATE RIDER-LIB OR SIX-MONTII INDEX (AS PUBLISHED IN THE WAU STREET JOURNAL)-Single Family (Page 1 of 3 pages) 5271701957 100195910004848407 FNLC Form 33029L 1 (04052005) !/J/V1 r