Laserfiche WebLink
20040301"7 <br />ADJUSTABLE RATE RIDER <br />(LIBOR Index - Rate Caps) <br />THIS ADJUSTABLE RATE RIDER is made this 26TH day of MARCH, 2004 , and <br />is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed <br />to Secure Debt (the "Security Instrument ") of the same date given by the undersigned (the 'Borrower ") to <br />secure Borrower's Note to HOMECOMINGS FINANCIAL NETWORK, INC. <br />(the "Lender ") of the same date and covering the property described in the Security Instrument and located <br />at: 1514 WEST LOUISE <br />GRAND ISLAND, NE 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 <br />TIME AND THE MAXIMUM RATE THE BORROWER 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. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial interest rate of 8.0 0 0 0 %. 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 APRIL, 2006 , and on that <br />day every sixth month thereafter. Each date on which my interest rate could change is called a "Change <br />Date." <br />MULTISTATE ADJUSTABLE RATE RIDER (LIBOR Index) - Single Family - Freddie Mac UNIFORM INSTRUMENT <br />NECD9153 - (4/01) / 041- 998075 -0 <br />815R (0008) Form 31_92_ 1/01 <br />ID <br />Page 1 of 4 Initials: IIIIIIIIIIIIIIIIIIIIIIIIIIIIII <br />VMP MORTGAGE FORMS - (800 21 -7291 I IIII <br />