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201402352
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201402352
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Last modified
8/19/2014 2:25:51 PM
Creation date
4/23/2014 8:22:18 AM
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DEEDS
Inst Number
201402352
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ADJUSTABLE RATE RIDER <br />201402352 <br />610 W 6th St <br />Grand Island, NE 68801 <br />[Property Address] <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN 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 />FHA Multistate ARM Rider - 4/05 <br />et-591U (0508) . M /1/E N III 1111111111111111111111111111111111111111111111 <br />Page 1 of 3 initials <br />VMP Mortgage Solutions, Inc. <br />(800)521 -7291 <br />2818400359 <br />3324505863 <br />FHA Case No. <br />321 - 3299753 -729 <br />MERS MIN: 100039033245058635 <br />THIS ADJUSTABLE RATE RIDERis made this 10th day of Apri 1, 2014 , <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, <br />Deed of Trust or Security Deed ( "Security Instrument ") of the same date given by the <br />undersigned ("Borrower) to secure Borrower's Note ( "Note ") to Qui cken Loans Inc . <br />(the "Lender ") of the same date and covering the Property described in the Security <br />Instrument and located at: <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 />INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />(A) Change Date <br />The interest rate may change on the first day of July 2019 , and on <br />that day of each succeeding year. "Change Date" means each date on which the interest rate <br />could change. <br />(B) The Index <br />Beginning with the first Change Date, the interest rate will be based on an Index. <br />"Index" means the weekly average yield on United States Treasury Securities adjusted to a <br />constant maturity of one year, as made available by the Federal Reserve Board. "Current <br />Index" means the most recent Index figure available 30 days before the Change Date. If the <br />Index (as defined above) is no longer available, Lender will use as a new Index any index <br />prescribed by the Secretary. As used in this Rider, "Secretary means the Secretary of Housing <br />and Urban Development or his or her designee." Lender will give Borrower notice of the new <br />Index. <br />
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