Laserfiche WebLink
200310614 <br />FIXED /ADJUSTABLE RATE RIDER <br />(One -Year Treasury Index - Rate Caps) <br />THIS FIXED /ADJUSTABLE RATE RIDER is made this 4 th day of August, 2003 <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or <br />Security Deed (the "Security Instrument ") of the same date given by the undersigned ( "Borrower ") to secure <br />Borrower's Fixed/Adjustable Rate Note (the "Note ") to FIRST HORIZON HOME LOAN CORPORATION <br />( "Lender ") of the same date and covering the property described in the Security Instrument and located at: <br />2543 WEST 4TH STREET, <br />GRAND ISLAND, NE 68803 <br />[Property Address] <br />THE NOTE PROVIDES FOR A CHANGE IN BORROWER'S FIXED <br />INTEREST RATE TO AN ADJUSTABLE INTEREST RATE. THE NOTE <br />LIMITS THE AMOUNT BORROWER'S ADJUSTABLE INTEREST RATE <br />CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE <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. ADJUSTABLE RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial fixed interest rate of 4.000 %. The Note also <br />provides for a change in the initial fixed rate to an adjustable interest rate, as follows: <br />4. ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />(A) Change Dates <br />The initial fixed interest rate I will pay will change to an adjustable interest rate on the first day of <br />August, 2008 , and the adjustable interest rate I will pay may change on that <br />day every 12th month thereafter. The date on which my initial fixed interest rate changes to an adjustable <br />interest rate, and each date on which my adjustable interest rate could change, is called a "Change Date." <br />0044305266 <br />MULTISTATE FIXED /ADJUSTABLE RATE RIDER - ONE -YEAR TREASURY INDEX- Single Family - <br />Fannie Mae Uniform Instrument <br />-843R (0006) Form 3182 901 1 <br />Page 1 of 4 Initials: W GI An <br />VMP MORTGAGE FORMS - (800)5 =7 91 <br />