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200005070
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Last modified
10/13/2011 2:55:03 PM
Creation date
10/20/2005 8:45:41 PM
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DEEDS
Inst Number
200005070
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2000050'70 <br />ROMS 4179027 -847 <br />054 ADJUSTABLE RATE RIDER <br />(LIBOR Index - Rate Caps) <br />THIS ADJUSTABLE RATE RIDER is made this 14TH day of JUNE , <br />2000 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, <br />Deed of Trust or Security Deed (the "Security Instrument ") of the same date given by the undersigned <br />(the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to <br />NORTH AMERICAN MORTGAGE COMPANY <br />(the "Lender ") of the same date and covering the Property described in the Security Instrument and <br />located at: <br />14375 SOUTH ALDA ROAD <br />PROSSER, NE 68883 <br />[Property Address] <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE <br />INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS <br />THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT <br />ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST <br />PAY. <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 10 .625 . The Note provides for <br />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 JULY 2003 , and on <br />that day every sixth month thereafter. Each date on which my interest rate could change is called a <br />"Change Date." <br />MULTISTATE ADJUSTABLE RATE RIDER - LIBOR INDEX — Single Family <br />—N815U (9612) <br />ELECTRONIC LASER FORMS, INC. (800) 545 IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII <br />Paga 1 of 3 Initials: � /�_��.� <br />
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