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99 112030 <br /> ADJUSTABLE RATE RIDER <br /> 3/1 YEAR ARM 0005131617 <br /> (One Year Treasurylndex-Rate Caps) <br /> THIS ADJUSTABLE RATE RIDER is made this 21st da oi DECEMBER,,1999.............. and is <br /> ............Y................... <br /> incorporated into and sha11 be deemed to aznend and supplement the Mortgage, Deed of Trust or <br /> Security Deed (the "Security InstrumenY') of the same date given by the undersigned (the "Bonower'� <br /> to secure Bonower's Ad)�ustable Rate Note (the "Note'� to <br /> NORWEST MORTGAGE INC. DBA DIRECTORS ACCEPTANCE (the <br /> ..................... ........,....................................................................................................................... <br /> "L.ender of the same date and covering the property described in the Security Instrument and located <br /> at: 2503�ARKVIEW DRIVE, GRAND,ISUIND,.NE._6g8.01....................................................................................... <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 /> TIlVIE AND THE MAXIMUM RATE THE BORROWER MUST PAY. <br /> ADDTI'IONAL COVENAN"I'S. In addition to the covenants and agreements made in the Security <br /> Instnunent, Bonower 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 ..8:625.... %. The Note provides for changes in the <br /> 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 JANUARY,.2003,,,,,,,, and on that day <br /> every 12th month thereafter. Each date on which my interest rate could change is called a <br /> "Change Date." <br /> (B) Thelndex <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 1 <br /> yeaz, as made available by the Federal Reserve Board. T'he most recent Index figure available as of <br /> the date 45 days before each Change Date is called the "Current 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 /> RIDER-ARM31 ECO21L Rev. 02/20/96 <br /> (page 1 of 3 pages) <br /> I <br />