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200000459 <br /> ADJUSTABLE RATE RIDER <br /> 3/1 YEAR ARM 0005118887 <br /> (One Year Treasury Index-Rate Caps) <br /> THIS ADJUSTABLE RATE RIDER is made this ,7,th,dax.ot,JANUARY,,2000 and is <br /> ....................... . <br /> 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 (the "Bonower� <br /> to secure Bonower's Adl'ustable Rate Note (the "Note'� to <br /> NORWEST MORTGAGE,,INC;,DBA,DIRECTORS ACCEPTANCE (the <br /> ...................... ................................................................. <br /> "I.ender' of the same date and covering the property described in the Security Instrument and located <br /> at: �42�OTH ROAD GRAND ISLAND NE 688D3 <br /> ...........,............................................ .................................................................... <br /> .......................... <br /> (Property Address) <br /> THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE <br /> INTEREST RATE AND 1'HE MON7'HI.Y PAYMENT. 1� NOTE LIMITS THE <br /> AMOUNT THE BORROWER'S IlV'I'EREST RATE CAN CHANGE AT ANY ONE <br /> TIlVIE AND 1'HE MAXIMUM RATE Tf� BORROWER MUST PAY. <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 /> A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> The Note provides for an initial interest rate of .��:750... %. The Note provides for changes in the <br /> 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 FEBRUARY,,2003,..... � and on that day <br /> every 12th month thereafter. Each date on which my interest rate could change is called a <br /> "Change Date." <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 weekly average yield on United States Treasury securities adjusted to a constant maturity of 1 <br /> year, as made available by the Federal Reserve Boazd. The most recent Index figure availa.ble as of <br /> the date 45 days before each Change Date is called the "Current Index." <br /> If the Index is no longer available, the Note Holder will choose a new index which is based upon <br /> comparable information. The Note Holder will give me notice of this choice. <br /> RIDER-ARM31 ECO21 L Rev. 02/20/98 <br /> (pape 1 of 3 pages) <br /> i <br />