Laserfiche WebLink
200212002 <br />ADJUSTABLE RATE RIDER <br />(1 Year Treasury Index - Rate Caps) <br />THIS ADJUSTABLE RATE RIDER is made this 1St day of November, 2002 , <br />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 Borrowers Adjustable Rate Note (tire "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 and <br />located at: <br />334 SUNSET DR <br />DONIPHAN, NE 68832 <br />IPu,,o, Add,ess7 <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 COVENANTS. In addition to the covenants and agreements made in the Security <br />Instrument, Borrower and Lender further covenant and age= as follows: <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial interest rate of 5.250 %. The Now provides for <br />changes in 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 November 2012 <br />and on that day every 12th month thereafter. Each date on which my interest rate could change is called a <br />"Change Date." <br />229263 <br />MULTISTATE ADJUSTABLE RATE RIDER ARM 5 2 - Single Fami1V- Fannie Mael Freddie Mee <br />UNIFORM INSTRUMENT <br />Fenno Mae 4 215 216 2 ARM <br />a 6228 (0008) Form 311 111161 <br />Page I of 4 Initlds:. A ._� <br />VMP MORTGAGE FORMS - (800)5 1 -729 <br />�. eC, -. <br />