Laserfiche WebLink
WHEN RECORDED MAIL TO: <br />COUNTRYWIDE HOME LOANS, INC. <br />MSN SV -79 / DOCUMENT CONTROL DEPT <br />P.O. BOX 10266 <br />VAN NUYS, CALIFORNIA 91410 -0266 <br />LOAN #: <br />ESCROW /CLOSING #: <br />200004685 <br />2000 ko Aq <br />z6i <br />SPACE ABOVE FOR RECORDERS USE <br />Prepared by: D. MAYBEE <br />RATE REDUCTION OPTION RIDER <br />THIS RATE REDUCTION OPTION RIDER is made this 31 s t day of <br />May, 2000 , and is incorporated into and shall be deemed to amend and supplement the <br />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 Note (the "Note ") to <br />COUNTRYWIDE HOME LOANS, INC. <br />(the "Lender ") covering the Property described in the Security Instrument. <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 REDUCTION OPTION <br />The Note provides for the Borrower's option to reduce the interest rate from time to time, as follows: <br />CONV Initials: <br />0 RATE REDUCTION OPTION RIDER Page 1 of 4 <br />1 U5241 XX (11/99) <br />