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200206516
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Last modified
10/15/2011 12:25:26 AM
Creation date
10/22/2005 8:52:38 PM
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DEEDS
Inst Number
200206516
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200206516 <br />' 240808928 ADJUSTABLE .RATE RIDER <br />(LIBOR 6 Month Index (As Published In The Wall Street Journal) - Rate Caps) <br />THIS ADJUSTABLE RATE RIDER is made this 12th day of ,79NE <br />2002 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, <br />Deed of Trust or Security Deed (the "Security Instrument ") of the 'same date given by the undersigned (the <br />"Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to <br />CENTES HONE EQUITY COMPANY, LLC <br />(the "Lender ") of the same date and covering the Property described in the Security Instrument and located <br />at: <br />..............212 WEST 17TH STREET <br />...............GRAND ISLAND. NE 68801 <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 MAIOMUM RATE THE BORROWER MUST PAY. <br />ADDITIONAL COVENANTS. In addition to the convenants and agreements [Wade 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 12.750 %• 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 1st day of jULy 2004 <br />and on that day every 6TH month thereafter. Each date on which my interest rate could change <br />is called a "Change Date." <br />(B) The Index <br />Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the <br />average of interbank offered rates for 6 month U.S. dollar- denominated deposits in the London market <br />( "LIBOR "), as published in The Wall Street Journal. The most recent Index figure available as of the first <br />- LIBOR 6 Month Index <br />3138(6/94) <br />Page 1 of 3 <br />1�1�� <br />
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