99104864 - Laserfiche WebLink

Browse

r -� � 99- 104�4 ADJUSTABLE RATE RIDER (LIBOR Index-Rate Caps) LOAN NO.: 9901041510 THIS ADJUSTABLE RATE RIDER is made this 30th day of APRIL, 1999 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or 5ecurity Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower")to secure Bonower's Adjustable Rate Note(the "Note") to CALIFORNIA LENDING GROUP, INC., dba UNITED LENDING GROUP (the "Lender") of the same date and covering the Property described in the Security Instrument and located at: 511 PLUM ROAD, GRAND ISLAND, NE 68801 [Property Address] THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 10.575 %. The Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The interest rate I will pay may change on the first day of JUNE, 2001 , and on that day every sixth month thereafter. Each date on which my interest rate could change is called a "Change Date." (B) The Index Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the average of interbank offered rates for six-month U.S. dollar-denominated deposits in the London mazket ("LIBOR"), as published in The Wall Street Journal. The most recent Index figure available as of the MULTISTATE ADJUSTABLE RATE RIDER-LIBOR INDEX-Single Family-Freddie Mac Uniform Instrument VMP-815U (9705) Form 3192 7/92 Page 1 of 3 Initials: Lender Support Systems Inc.AR3192XX.RD j�Y� f�