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201707543
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201707543
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Last modified
12/9/2019 6:36:12 PM
Creation date
11/3/2017 4:20:52 PM
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DEEDS
Inst Number
201707543
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ADJUSTABLE RATE RIDER <br />Loan Number: 0030008767 <br />THIS ADJUSTABLE RATE RIDER is made this 3rd day of NOVEMBER, 2017 <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or <br />Security Deed (the "Security Instrument ") of the same date given by the undersigned (the "Borrower ") to <br />secure Borrower' s Adjustable Rate Note (the "Note ") to EQUITABLE BANK, A CORPORATION <br />(the "Lender ") of the same date and covering the property described in the Security Instrument and located at: <br />41 Kuester Lk, GRAND ISLAND, NEBRASKA 68801 <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 TIME <br />AND THE MAXIMUM RATE THE BORROWER MUST PAY. <br />201707543 <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 AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial interest rate of 4.250 %. The Note provides for changes <br />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 1st day DECEMBER, 2022 <br />and on that day every 12th month thereafter. Each date on which my interest rate could change is called <br />a "Change Date." <br />(B) The Index <br />Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is <br />The Weekly Average Yield on United States Treasury securities adjusted to a constant maturity of <br />The most recent Index figure available as of the date 30 days before <br />each Change Date is called the "Current Index ". <br />Federal Reserve Statistical Release H -15 <br />( www. federalreserve .gov /datadownload /Choose.aspx ?re1=H.15) <br />The most recent Index figure available as of the date: 45 days before <br />each change date is called the "Current Index" <br />MULTISTATE ADJUSTABLE RATE RIDER <br />USARM3.RID 03/06/13 Page 1 of 3 <br />DocMaglc eSTAMS <br />www.docmagic.com <br />
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