Laserfiche WebLink
LOAN: 7892544057 <br />200411598 <br />ADJUSTABLE RATE RIDER <br />(1 Year Treasury Index - Rate Caps) <br />THIS ADJUSTABLE RATE RIDER is made this 1ST day of DECEMBER 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 <br />undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note (the "Note ") to <br />U.S. BANK N.A. <br />(the "Lender ") of the same date and covering the property described in the Security <br />Instrument and located at: <br />3204 KNIGHTS RD, GRAND ISLAND, NEBRASKA 68803 <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 <br />ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY. <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 4.875 %. The Note <br />provides for 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 DECEMBER 2007 <br />and on that day every 12th month thereafter. Each date on which my interest rate could <br />change is called a "Change Date." <br />MULTISTATE ADJUSTABLE RATE RIDER <br />Mae /Freddie Mac UNIFORM INSTRUMENT <br />Fannie Mae 4- 2/5 -2/6 -2 ARM <br />Form 3111 1 /01 <br />= -822R (0405) <br />Page 1 of 4 Initials: <br />VMP Mortgage Solutions, Inc. <br />(800)521 -7291 <br />- ARM 5-2 - Single Family - Fannie <br />