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99 111650
<br /> FIXED/ADJUSTABLE RATE RIDER
<br /> 7/1 YEAR FIXED/ARM 5123426REL
<br /> (One Year Treasury Index-Rate Caps)
<br /> THIS FIXED/ADJUSTABLE RATE RIDER is made this 6th.day,ot,DECEMBER, 1999........, , , „ and
<br /> 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'�
<br /> to secure Borrower's Fixed/Adjustable Rate Note (the "Note") to
<br /> .NORWEST MORTGAGE INC. ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, (the
<br /> ...................r........................................................................................
<br /> "I.ender") of the same date and covering the property described in the Security Instrument and located
<br /> at: �317 ARROWHEAD GRAND ISLAND=.RE.,68801
<br /> ..............:................. ....................................................................
<br /> .........................
<br /> (Property Address)
<br /> THE NOTE PROVIDES FOR A CHANGE IN THE BORROWER'S FIXED
<br /> INTEREST RATE TO AN ADJUSTABLE INTEREST RATE. THE NOTE LIMI'i'S
<br /> THE AMOUNT THE BORROWER'S ADJUSTABLE 1NTEREST RATE CAN CHANGE
<br /> AT ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY.
<br /> ADllI1'IONAL COVENANTS. In addition to the covenants and agreements made in the Security
<br /> Instrument, Bonower and Lender further covenant and agree as follows:
<br /> A. ADJUSTABLE RATE AND MONTHLY PAYMENT CHANGES
<br /> The Note provides for an initial fixed interest rate of ..7:500..._ %. The Note also provides for a
<br /> change in the initial fixed interest rate to an adjustable interest rate, as follows:
<br /> 4. ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br /> (A) Change Dates
<br /> The initial fixed interest rate I will pay will change to an adjustable interest rate on the first day of
<br /> JANUARY,,2007.,....,,, and the adjustable interest rate I will pay may change on that day every 12th
<br /> month thereafter. The date on which my initial fixed interest rate changes to an adjustable interest
<br /> rate, and each date on which my adjustable interest rate could change, is called a 'Change Date."
<br /> (B) Thelndex
<br /> Beginning with the first Change Date, my adjustable interest rate will be based on an Index. The
<br /> "Index' is the weekly average yield on United States Treasury securities adjusted to a constant
<br /> maturity of one year, as made available by the Federal Reserve Board. The most recent Index
<br /> figure available as of the date 45 days before each Change Date is called the "Cunent Index."
<br /> If the Index is no longer available, the Note Holder will choose a new index which is based upon
<br /> comparable information. The Note Holder will give me notice of this choice.
<br /> MULTISTATE FIXED/ADJUSTABLE RATE RIDER- 1 YEAR TREASURY INDEX Form 3182 5/94 EC113L Rev.02/20/98
<br /> Single Family-Fannie Mae Uniform Instrument
<br /> (page 1 of 4 pages)
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