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201503531
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201503531
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Last modified
11/5/2015 9:11:36 PM
Creation date
5/29/2015 2:52:07 PM
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DEEDS
Inst Number
201503531
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ADJUSTABLE RATE RIDER <br />(1 Year Treasury Index - Rate Caps) <br />2104 W Waugh St & 2010 Park 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 THE <br />AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE <br />TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY. <br />MULTISTATE ADJUSTABLE RATE RIDER - ARM 5 -2 <br />Single Family - Fannie Mae /Freddie Mac UNIFORM INSTRUMENT <br />VMP <br />Wolters Kluwer Financial Services <br />201503531 <br />THIS ADJUSTABLE RATE RIDER is made this 22nd day of May, 2015 <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed <br />of Trust, or Security Deed (the "Security Instrument ") of the same date given by the <br />undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to <br />EQUITABLE BANK <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 />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial interest rate of 4.500 %. The Note <br />provides for 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 2020 <br />and on that day every 12th month thereafter. Each date on which my interest rate could <br />change is called a "Change Date." <br />24008630 <br />Fannie Mae 4- 2/5 -2/6 -2 ARM <br />Form 3111 1/01 <br />VMP822R (0804) <br />Initials: Page 1 of 4 <br />
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