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200307329
<br />FIXED /ADJUSTABLE RATE RIDER
<br />7/1 YEAR FIXED /ARM 0129SUS25
<br />(One Year Treasury Inape -Rate Caps)
<br />THIS FIXED /ADJUSTABLE RATE RIDER is made this 9th,dey, o /JUNE, 7003,,,,,,,,,,,,,,,,,,,,,,,,,, and
<br />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 dale given by the undersigned (°Borrower) to
<br />secure Borrower's Fixed /Adjustable Rate Note (the "Note') to ................................ ...............................
<br />of the same dale and covering the property described in the Security Instrument and located al:..........
<br />7877,BARBARA AVENMEt GRANC),ISLANUA NE 88801
<br />.................................................................... ...............................
<br />(Rropary Aearesa)
<br />THE NOTE, PROVIDES FOR A CHANGE IN THE BORROWER'S FIXED
<br />INTEREST RATE TO AN ADJUSTABLE INTEREST RATE. THE NOTE LIMITS
<br />THE AMOUNT BORROWER'S ADJUSTABLE INTEREST RATE CAN CHANGE AT
<br />ANY ONE 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. ADJUSTABLE RATE AND MONTHLY PAYMENT CHANGES
<br />The Note provides for an initial fixed interest rate of .."K.., /, The Note also provides for a
<br />change in the initial fixed interest rate to an adjustable interest rate, as follows:
<br />4. ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />(A) Change Dates
<br />The initial fixed interest rate I will pay will change to an adjustable interest rate on the first day of
<br />JMlmK 21170,,,,,,,,,,,,,,, , and the adjustable interest rate I will pay may change on that day every 12th
<br />month thereafter. The date on which my initial fixed interest rate changes to an adjustable interest
<br />rate, and each date on which my adjustable interest rate could change, is called a "Change Date."
<br />(B) The Index
<br />Beginning with the first Change Date, my adjustable interest rate will be based on an Index. The
<br />"Index" is the weekly average yield on United States Treasury securities adjusted to a constant
<br />maturity of one year, as made available by the Federal Reserve Board. The most recent Index
<br />figure available as of 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 that is based upon
<br />comparable infomtation. The Note Holder will give me notice of this choice.
<br />MULTISTATE FIXED /ADJUSTABLE RATE RIDER - 1 YEAR TREASURY INDEX Form 3182 1/01 EC113L Rw 1laIM
<br />Single Family - Fannie Mae Uniform Instrument (pi0e 1 a 4 popes)
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