200209498 - Laserfiche WebLink

Browse

200209498 ADJUSTABLE RATE RIDER (LIBOR Six -Month Index (As Published In The Wall Street Journal) - Rate Caps) LOAN NUMBER: 1000091081 THIS ADJUSTABLE RATE RIDER is made this 6TH day of SEPTEMBER, 2002 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument ") of the same date given by the undersigned ( "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note") to MERITAGE MORTGAGE CORPORATION. AN OREGON CORPORATION ( "Lender ") of the same date and covering the property described in the Security Instrument and located at: 712 WEST LOUISE STREET GRAND ISLAND, NE 68801 IPtugerty Add .... I THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE BORROWER MUST PAY. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for An initial interest rate of 10.749 %. The Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The interest rate I will pay may change on the first day of OCTOBER, 2005 , and on that day every 6TH month thereafter. Each date on which my interest rate could change is called a "Change Date." MULTISTATE ADJUSTABLE RATE RIDER -LIBOR SIX -MONTH INDEX (AS PUBLISHED IN THE WALL STREET JOURNAL) - Single Family- Fannie Mae Uniform Instrument DDS M9e Form 3130 1101 ( 4100061 re 1 aP Page 1 4 Ini (600) II I I II I II I II II VMP MORTGAGE FORMS - 16001521 -]291 DDS M9e