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200207183 <br />ADJUSTABLE RATE RIDER <br />D Year Treason Index - Rate Caps) <br />THIS ADIUS'TABLE RATE RIDER is made thas 5th dayof July. 2002 . <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, <br />Deets of Tmsy or Security Deed (the "Security Instrument ") of the same date given by the undersigned (the <br />"Hormwed') to secure Borrower s Adjustable Rate Note (the "Note ") to EQUITABLE FEDERAL <br />SAVINGS BANK OF GRAND ISLAND <br />(the "Lender") of the same date and covering the property described in the Security Instrument end <br />located at.. <br />308 N 2ND STREET <br />DONIPHAN, NE 68832 <br />PmPCrY Redness] <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 MAXIMUM RATE THE BORROWER MUST PAY. <br />ADDITIONAL. GNENANTS. In addition to the covenants and agreements made in the Security <br />Instrument, Borrower and Lender Fudher covenant arm agree as follows: <br />A. INTEREST RAPE AND MONTHLY PAYMENT CLIA.NGES <br />the Nate provides for an Initial interest rate of 5.875 %- The Note provides for <br />changes In the interest rate and the monthly payments as follows. <br />4. INTEREST RATE AND MON THIN PAYMENT CHANGES <br />(A) Change Dates <br />The interest rate I will pay may change on the First day of August 2012 <br />and on that day every 12th month thereafter, F.ach date on which my interest rate could change is called e <br />"Change Date." <br />229152 <br />MULTISTATE ADJUSTABLE HATE RIDER ARM 5 -2 $Inglis Fonly Fannie MaeHraddie Mee <br />UNIFORM INSTRUMENT <br />Fannie Mae 0 315 316 -2 ARM <br />®R22R (0000) Form 1-11 1 <br />yodel ct4 IrNLIS'� <br />VMP MORi Gl16[FORMS -( 91 <br />