Laserfiche WebLink
il <br /> I <br /> 98— :tc���o3 <br /> ROMS 5328059-847 <br /> Q06 ADJUSTABLE RATE RIDER <br /> (LIBOR Index -Rate Caps) <br /> THIS ADJUSTABLE RATE RIDER is made this 15 TH day of MAY <br /> �ggg , and is incorporated into and shall be deemed to amend and supplement the Mortgage, <br /> Deed of Trust or Security Deed (the "Security Instrument") of the same date given by the undersigned <br /> (the "Borrower") to secure Borrower's Adjustable Rate Note (the "Note") to <br /> NORTH AMERICAN MORTGAGE COMPANY <br /> (the "Lender") of the same date and covering the Property described in the Security Instrument and <br /> located at: <br /> 3525 GRAHAM AVE. <br /> GRAND ISLAND, NE 68803 <br /> [Property Address] <br /> THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE <br /> INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS <br /> THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT <br /> ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST <br /> PAY. <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 /> A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> The Note provides for an initial interest rate of 10.550 %• The Note provides for <br /> changes in the interest rate and the monthly payments,as follows: <br /> 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> (A) Change Dates <br /> The interest rate I will pay may change on the first day of JUNE 2pp� , and on <br /> that day every sixth month thereafter. Each date on which my interest rate could change is called a <br /> "Change Date." <br /> MULTISTATE ADJUSTABLE RATE RIDER - LIBOR INDEX — Single Family <br /> �r—N815U csstz� <br /> M <br /> ELECTqONIC LASER FORMS, INC. (800►327-0545 — IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII <br /> Pag• 7 ot 3 Illitl813: � <br />