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200002620
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Last modified
10/13/2011 11:45:41 AM
Creation date
10/20/2005 8:06:48 PM
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DEEDS
Inst Number
200002620
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200002620 <br />ADJUSTABLE RATE RIDER <br />(LIBOR Index - Rate Caps) <br />THIS ADJUSTABLE RATE RIDER is made this 30TH day of <br />MARCH , 2000 , and is incorporated into and shall be deemed <br />to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security <br />Instrument ") of the same date given by the undersigned (the "Borrower ") to secure <br />Borrower's Adjustable Rate Note (the "Note ") to <br />WMC MORTGAGE CORP., <br />(the "Lender ") of the same date and covering the Property described in the Security <br />Instrument and located at: <br />2203 ATLANTA AVENUE <br />GRAND ISLAND, NE 68803 <br />[Property Address] <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN <br />THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE <br />LIMITS THE AMOUNT THE BORROWER'S INTEREST RATE CAN <br />CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE <br />BORROWER MUST PAY. <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in <br />the 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 11.6250 %. The <br />Note provides for changes in the interest rate and the monthly payments, as follows: <br />MULTISTATE ADJUSTABLE RATE RIDER - LIBOR INDEX - Single Family <br />Pape 1 of 4 <br />-1172207 (9803) ELECTRONIC LASER FORMS, INC. - (800)327 -0545 815U <br />TM <br />MFCD9752 (3/98) 10371190 <br />
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