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<br />200510183 <br /> <br />ADJUSTABLE RATE RIDER <br /> <br />(L1BOR Six-Month-Index (As Published In the Wall Street Journal)- Rate Caps) <br /> <br />THIS ADJUSTABLE RATE RIDER Is made this 31st day of August, 2005 and is Incorporated <br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security <br />Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to <br />secure Borrower's Adjustable Rate Note (the "Note") to Argent Mortgage Company, LLC (the <br />"Lender") of the same date and covering the property described in the Security Instrument and <br />located at: <br /> <br />1404 COTTONWOOD ST, WOOD RIVER, NE 68883 <br />[Property Address] <br /> <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES I N THE <br />INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE <br />AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE <br />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 9.1750/.. The Note provides for changes In the <br />Interest rate and the monthly payments, as follows: <br /> <br />4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> <br />(A) Change Dates <br />The Interest rate I wlll pay may change on the first day of October, 2007 ,and on that day every <br />sixth month thereafter. Each date on which my interest rate could change is called a "Change <br />Date. " <br /> <br />(B) The Index <br />Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" Is <br />the average of interbank offered rates for six-month U.S. dollar-denominated deposits In the <br />London market ("L1S0R"), as published In the Wall Street Journal. The most recent Index figure <br />available as of the date 45 days before each Change Date is called the "Current Index." <br /> <br />If the Index is no longer available, the Note Holder will choose a new Index which Is based <br />upon comparable Information. The Note Holder will give me notice of this choice. <br /> <br />Inlllals <br /> <br />~/ <br />.ft_ <br />4, j( <br /> <br />Loan Number: 0086873012 - 9704 <br /> <br />610-1 (Rev 1101) <br /> <br />Page 1 of3 <br /> <br />08/31/20052:24:53 PM <br />