Laserfiche WebLink
20041203C <br />ADJUSTABLE RATE RIDER <br />(1 Year Treasury Index - Rate Caps) <br />THIS ADJUSTABLE RATE RIDER is made this 6th day of December, 2004 , <br />and 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 ") to <br />secure Borrower's Adjustable Rate Note (the "Note ") to TierOne Bank <br />(the "Lender ") of the same date and covering the property described in the Security Instrument and <br />located at: <br />2748 O FLANNAGAN ST <br />GRAND ISLAND, NE 68803 -1329 <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 6. 125 %. 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 January 2006 , <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 />0110226117 <br />MULTISTATE ADJUSTABLE RATE RIDER -ARM 5- 1- Single Family- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT <br />Fannie Mae 4- 1/5 -1/6 -1 ARM <br />(M-821R (0008) Form 310 11 1 <br />m <br />Page 1 of 4 Initials: , <br />VMP MORTGAGE FORMS - (800)521- 729i.r <br />