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99 1U8948 <br /> ROMS 5767858-847 <br /> Q54 ADJUSTABLE RATE RIDER <br /> (LIBOR Index - Rate Caps) <br /> THIS ADJUSTABLE RATE RIDER is made this 7TH day of SEPTEMBER 9 <br /> �ggg , 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 /> 827 SOUTH CHERRY <br /> GRAND ISLAND, NE 68801 <br /> [Property Address] <br /> THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE <br /> INTEREST RATE AND THE 1�10NTHLY 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 /> PAYe <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 10.375 %. The Note provides for <br /> changes in the interest rate and the monthly payments,as follows: <br /> 4e INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> (A) Change Dates <br /> The interest rate I will pay may change on the first day of OCTOBER � 2002 , and on <br /> that day every sixth month thereaftere Each date on which my interest rate could change is called a <br /> "Change Date." <br /> MULTISTATE ADJUSTABLE RA7E RIDER — LIBOR INDEX — Single Family <br /> �r�N815U cse,Z� <br /> ELECTRONIC LASER FORMS, INC. (800►327-0545 IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII) <br /> Pa9• t of 3 Initials:_; -� z L. j�_��, <br /> �.. M,G �-n-�1��t <br /> i <br />