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200303486
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200303486
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Last modified
10/15/2011 6:59:54 PM
Creation date
10/21/2005 4:34:03 PM
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DEEDS
Inst Number
200303486
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200303486 <br />Loan Number 0000825188 <br />ADJUSTABLE RATE RIDER ADDENDUM <br />(Libor Index - Rate Caps) <br />This Adjustable Rate Rider is made this 14th day of March 2003 , <br />and is incorporated into and shall be deemed to amend and supplement the Promissory <br />Note (the "Note ") and Mortgage, Deed of Trust or Security Deed (the "Security <br />Instrument ") and Adjustable Rate Rider (the "Rider') of the same date given by the <br />undersigned (the "Borrower') to secure repayment of Borrower's Note to <br />NEW CENTURY MORTGAGE CORPORATION <br />(the "Lender "). <br />Property securing repayment of the Note is described in the Security Instrument and <br />located at: <br />608 W 16TH ST GRAND ISLAND, NEBRASKA 68801 <br />(Progeny Address) <br />To the extent that the provisions of this Adjustable Rate Rider Addendum are inconsistent <br />with the provisions of the Note and /or Security Instrument and /or Rider, the provisions of <br />this Addendum shall prevail over and supersede any such inconsistent provisions of the <br />Note and /or Security Instrument and /or Rider. <br />In addition to the covenants and agreements made in the Note, Security Instrument, and <br />Rider, Borrower and Lender further covenant and agree as follows: <br />4. (D) LIMITS ON INTEREST RATE CHANGES <br />The interest rate I am required to pay at the first change date will not be greater <br />than 10.8000 % or less than 9.30OVe. Thereafter, my interest rate will <br />never be increased or decreased on any single Change Date by more than One and <br />One -Half percentage point(s) ( 1 .500 %) from the rate of interest I <br />have been paying for the preceding 6 months. My interest rate will never be <br />greater than 16.3000 % or less than 9.3000 %. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants <br />contained in this Adjustable Rate Rider Addendum. T <br />PATRICIA MACH -FI ELDGROVn <br />E <br />New Cenmry Mortgage nftm ltl JF OsIA2 <br />RE 12 (082296) <br />
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