Laserfiche WebLink
200408522 <br />ADJUSTABLE RATE RIDER <br />(1 Year Treasury Index - Rate Caps) <br />THIS ADJUSTABLE RATE RIDER is made this 27th day of August, 2004 , <br />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 (the <br />"Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to EQUITABLE FEDERAL <br />SAVINGS BANK OF GRAND ISLAND <br />(the "Lender ") of the same date and covering the property described in the Security Instrument and <br />located at: <br />417 E 18TH ST <br />GRAND ISLAND, NE 68801 -2440 <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 4.875 %. 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 September 2009 , <br />and on that day every 12th month thereafter. Each date on which my interest rate could change is called a <br />"Change Date." <br />229726 <br />MULTISTATE ADJUSTABLE RATE RIDER - ARM 5.2 - Single Family- Fannie Maeffreddie Mac <br />UNIFORM INSTRUMENT <br />Fannie Mae 4.2/5 -218.2 ARM <br />-822R (0008) Form 3111 1191 <br />m <br />Page 1 of 4 Initials: `'� <br />VMP MORTGAGE FORMS - (800)521-7291 <br />