Laserfiche WebLink
8121578 <br />NAAR- 3182 -1 <br />200003298 <br />FIXED /ADJUSTABLE RATE RIDER <br />(1 Year Treasury Index - Rate Caps) <br />THIS FIXED /ADJUSTABLE RATE RIDER is made this 21ST day of APRIL , <br />2000 , and is incorporated into and shall be deemed to amend and supplement <br />the Mortgage, Deed of Trust or Security Deed (the "Security Instrument ") of the same date given by the <br />undersigned (the "Borrower ") to secure Borrower's Fixed /Adjustable Rate Note (the "Note ") to <br />WELLS FARGO HOME MORTGAGE, INC. <br />(the "Lender ") of the same date and covering the Property described in the Security Instrument and located <br />at:2807 LAKEWOOD CIRCLE, GRAND ISLAND, NE 68801 <br />[Property Address] � <br />THE NOTE PROVIDES FOR A CHANGE IN THE BORROWER'S FIXED <br />INTEREST RATE TO AN ADJUSTABLE INTEREST RATE. THE NOTE LIMITS <br />THE AMOUNT THE BORROWER'S ADJUSTABLE INTEREST RATE CAN <br />CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER <br />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. ADJUSTABLE RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial fixed interest rate of 8.000 %. The Note also <br />provides for a change in the initial fixed rate to an adjustable interest rate, as follows: <br />4. ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />(A) Change Dates <br />The initial fixed interest rate I will pay will change to an adjustable interest rate on the first day of <br />MAY 12007 , and the adjustable interest rate I will pay may change on that <br />MULTISTATE FIXED /ADJUSTABLE RATE RIDER - 1 YEAR TREASURY INDEX- Single Family - <br />Fannie Mae Uniform Instrument <br />843U (9705) Form 3182 5/94 <br />Page 1 of 4 Initials: <br />VMP MORTGAGE FORMS - (800)521 -729 <br />