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200200146
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Last modified
10/14/2011 3:08:25 PM
Creation date
10/21/2005 9:09:02 PM
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DEEDS
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200200146
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200200146 <br />ADJUSTABLE RATE RIDER 9888842MEX <br />TWO YEAR / SIX MONTH ARM <br />( LIBOR Index - Rate Caps) <br />THIS ADJUSTABLE RATE RIDER is made this 27th da of DECEMBER, 2001,,,,,,,,,,,,,, , and is <br />incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Deed <br />to Secure Debt (the "Security Instrument l of the same date given by the undersigned (the 'Borrower <br />to secure Borrower's Note to <br />........................................................................................ ............................... <br />WE.LLS . .. FARGO . . HOME . . .. MORTGAGE. . ._ INC :......................... ............................... ...........................(the "Lender <br />.............. ....................... <br />of the same date and covering the property described in the Security Instrument and located at: <br />......3024 MIDWAY,ROAD,,GRAND,ISLAND,,NE„ 68803 ........................................................ ............................... <br />(Property Address) <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE <br />INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS <br />THE 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 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 ... AM ......... %. The Note provides for changes in <br />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; W...._._, , and on that day <br />every sixth month thereafter. Each date on which my interest rate could change is called a "Change <br />Date." <br />(B) The Index <br />Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is <br />the average of interbank offered rates for six -month U.S. dollar- denominated deposits in the <br />London market ( "LIBOR '�, as published in The Wall Street Journal. The most recent Index figure <br />available as of the first business day of the month immediately preceding the month in which the <br />Change Date occurs is called the "Current Index." <br />MULTISTATE ADJUSTABLE RATE RIDER - LIBOR INDEX - Single Family Form 3192 1/01 EC108L Rev. 11/15/00 <br />Freddie Mac Uniform Instrument <br />
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