Laserfiche WebLink
20050345'7 <br />ADJUSTABLE RATE RIDER <br />(LIBOR Index - Rate Caps) <br />MIN 1000466- 0000514036 -4 <br />THIS ADJUSTABLE RATE RIDER is made this 18th day ofApri l , 2005 , and <br />is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Deed to <br />Secure Debt (the "Security Instrument ") of the same date given by the undersigned (the "Borrower ") to <br />secure Borrower's Note to <br />Popular Financial Services, LLC <br />(the "Lender ") of the same date and covering the property described in the Security Instrument and located <br />at: <br />1204 EAST 8TH STREET GRAND ISLAND <br />[Property Address] <br />,NE 68801- <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE <br />AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE BORROWER'S <br />INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE <br />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 agree as follows: <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial interest rate of 7.0500 %. 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 first day of May, 2007 and on that <br />day every sixth month thereafter. Each date on which my interest rate could change is called a "Change <br />Date, " <br />19 <br />MULTISTATE ADJUSTABLE RATE RIDER - LIBOR INDEX - Single Family - Freddie Mac Modified Instrument <br />Page 1 of 4 MW 05/00 Initials: A 41, <br />(2/28 8 3/27 LIBOR ARM RIDER) <br />3192 -815R <br />JB 050006 07/21/00 <br />