Laserfiche WebLink
200311310 <br />ADJUSTABLE RATE RIDER <br />(1 Year LIBOR Index - Rate Caps) <br />(Assumable during Life of Loan) <br />THIS ADJUSTABLE RATE RIDER is made this 2 5 th day of August, 2003 , and <br />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 (the "Borrower ") to <br />secure the Borrower's Adjustable Rate Note (the "Note ") toSIRVA Mortgage, Inc. <br />(the "Lender ") of the same date and covering the property described in the Security Instrument and located <br />at: <br />1310 S. Gunbarrel Rd., Grand Island, NE 68801 <br />[Property Address] <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 agree as follows: <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial interest rate of 3.12 5 %. 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 initial interest rate I will pay may change on the first day of September, 2006 and <br />may change on that day every 12th month thereafter. Each date on which my interest rate could change is <br />called a "Change Date." <br />03 -7934 <br />MULTISTATE ADJUSTABLE RATE RIDER -1 Year LIBOR Index (Assumable) - Single Family - Freddie Mac UNIFORM <br />INSTRUMENT <br />-855R (0111) Form 314 <br />Page ® 1 of 4 Initial 4A45 <br />VMP MORTGAGE FORMS - (800)521.7291 <br />