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200209408
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200209408
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Last modified
10/15/2011 4:55:52 AM
Creation date
10/22/2005 9:33:54 PM
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DEEDS
Inst Number
200209408
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200209408 <br />LOAN p 6169382170 <br />ADJUSTABLE RATE RIDER <br />THIS ADIUS'I ABLE RATE RIDER is made this 5TH day of SEPTEMBER, 2002 , <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed <br />of Trust, or Security Deed (the "Security Instrument ") of the same date given by the <br />undersigned (the 'Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to <br />BANK OF AMERICA, N.A. <br />(the "Lender ") of the same date and covering the Property described in the Security Instrument and <br />located at: 619 SOUTH CLAY STREET, GRAND ISLAND, HE 68803 <br />GRAND ISLAND AREA <br />[Property Address] <br />THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY <br />INTEREST RATE AND MY MONTHLY PAYMENT. INCREASES IN THE <br />INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN <br />THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the <br />Security Instrument, Borrower and Lender further covenant and agree as follows: <br />A. INTEREST RATE AND MONTHLY PAYMENT CIIANGES <br />The Notc provides for an initial interest rate of 5.375 %. The Note provides <br />for changes in the interest rate and the monthly payments, as follows: <br />4. INTERHS'1' RATE AND MONTHLY PAYMENT CHANGES <br />(A) Change Dates <br />'The interest rate I will pay may change nn the F I RST day of OCTOBER, 2009 <br />and on that day uvery 12TH month thereafter. Each date on which my interest rate could <br />change is called a "Change Dahu." <br />(B)The Index <br />Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" <br />is: <br />MULTISTATE ADJUSTABLE RATE RIDER — Sin91e Family <br />RS89SR mla n.oe VMP MORTGAGE FORMS - 18001521 -7291 MGNR 09/03/02 8:93 PM 6169382170 <br />
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