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200308683
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200308683
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Last modified
10/16/2011 2:01:04 AM
Creation date
10/21/2005 6:56:07 PM
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DEEDS
Inst Number
200308683
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SUN -30 -2003 MON 12:38 PM SIB MUK'I'GAGE CLOSING t HK Nu. d 1 I b I 1091St r Uoi t 1 <br />200308683 <br />ADDENDUM TO ADJUSTABLE RATE RIDER <br />This addendum is made 0 7 / 0 1 / 2 0 0 3 and is incorporated into and deemed to <br />amend and supplement the adjustable rate rider of the sane date- <br />804 he propel N covered b Eth1s a RdA Dm Is d A N Bea N the 68801 <br />iy � t and located at: <br />AMENDED PROV IS ONS <br />In addition to the provisions and agreements made in the Security Instrument, Iiwe further covenant and <br />agree as follows: <br />ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />Limits on Interest Rate Cban ;es <br />The interest rate I am required to pay at the first ( Jange Date will not be great than 11 . 2 5 0 0% or decreased on ally <br />less than 5 25 %. Thereafter, my adjustable interest rate will t>ever be increased oate of interest I have <br />single change date by more titan 0 n e percentage points) ( ) from the <br />been paying for the preceding six (6) months. My interest rate will never be greater than 13 . 2 5 0 0 %. My <br />interest rate will never be less than 5 - 0 0 0 0 %. <br />TRANSFER OF THE pROPERTy OR A BENEFICIAL INTEREST IN BORROWER <br />Uniform Covenant 18 of the Security Instrument is amended to read as follows: <br />Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in <br />the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial <br />interest transferred in a bond for decd, contract for deed, installment sales contract or escrow agreement, the intent <br />of which is the transfer of title by Borrower at a future date to a purchaser. <br />if all or any part of the Property or any Interest in the Properly is sold or transferred (or if Borrower is not a <br />natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, <br />Lender may require irntnediate payment in full or all stuns secured by this Security Instrument- However, this <br />option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration - The notice shall provide <br />a period of not less than 30 days from the date the notice is given in accordance with Section IS within which <br />Borrower roust pay all sums secured by this Security Instrument. if Borrower fails to pay these sums prior to the <br />expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without huther <br />notice or demand on Borrower. <br />In Witness Thereof, Truster has executed this - ate""'""" <br />dlabern MAIM — 11/6102 <br />c01251 - SIB SP Addendum to Adj lbdcr <br />eAIKI4I„ U I1M+cn <br />
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