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<br />200706265 <br /> <br />MIN: 100080190066710575 <br /> <br />Loan Number: 07-HR3974 <br /> <br />ADJUSTABLE RATE RIDER <br />(lIBOR Six-Month Index (As Published In The Wall Street Journa~ <br />- Rate Caps) <br /> <br />THIS ADJUSTABLE RATE RIDER is made this 12th day of JULY, 2007 <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or <br />Security Deed (the "Security Instrument") of the same date given by the undersigned ("Borrower") to secure <br />Borrower's Adjustable Rate Note (the "Note") to NOVASTAR MORTGAGE, INC., A <br />VIRGINIA CORPORATION <br />("Lender") of the same date and covering the property described in the Security Instrument and located at: <br /> <br />621 W. KOENIG, GRAND ISLAND, NEBRASKA 68801 <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 BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND <br />THE MAXIMUM RATE BORROWER MUST PAY. <br /> <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security <br />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 11 . 6 0 0 %. The Note provides for changes <br />in the interest rate and the monthly payments, as follows: <br /> <br />4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />(A) Change Dates <br />The interest rate I will pay may change on the 1st dayof AUGUST, 2009 <br />and on that day every 6 t h month thereafter. Each date on which my interest rate could change is called <br />a "Change Date. " <br />(8) The Index <br />Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the <br />average of interbank offered rates for six month U.S. dollar-denominated deposits in the London market <br />("LIBOR "), as published in The Wall Street Journal. The most recent Index figure available as of the first <br />business day of the month immediately preceding the month in which the Change Date occurs is called the <br />"Current Index." <br />If the Index is no longer available, the Note Holder will choose a new index that is based upon <br />comparable information. The Note Holder will give me notice of this choice. <br /> <br />MULTISTATE ADJUSTABLE RATE RIDER--L1BOR SIX-MONTH INDEX <br />(AS PUBLISHED IN THE WALL STREET JOURNAL) <br />Single Family--Fannie Mae MODIFIED INSTRUMENT <br />Form 3138 1101 Page 1 of 3 <br /> <br />DocMaglc~ BOO-64!J.1362 <br />www.docmagic.com <br />