Laserfiche WebLink
200213405 <br />ADJUSTABLE RATE RIDER oitoieasaa <br />THIS ADJUSTABLE RATE RIDER is made this 25th day of November , <br />2002 , and is incorporated into and shall be deemed to amend and supplement <br />the Mortgage, Deed 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 />TierOne Bank <br />(the "Lender') of the same date and covering the Property described in the Security Instrument and located <br />aC4135 DRIFTWOOD DRIVE <br />GRAND ISLAND, NE 68803 <br />I m,my Addtessl <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 THE <br />INTEREST RATE WILL RESULT IN LOWER PAYMENTS. <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made 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 4.875%. The Note 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 let day of January , <br />2005 , and on that day every 24 month thereafter. Each date on which my interest rate <br />could change is called a "Change Date." <br />MULTISTATE ADJUSTABLE RATE RIDER - Single Family <br />(M-899U 19]051.Ot <br />I of <br />Page of 4 I tial <br />VMP MORTGAGE FORMS - (800)521-7291 <br />