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200511936
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200511936
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Last modified
12/5/2005 3:39:05 PM
Creation date
12/5/2005 3:39:03 PM
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DEEDS
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200511936
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<br />200511936 <br /> <br />ADJUSTABLE RATE RIDER <br />(LIBOR Index - Rate Caps) <br /> <br />Loan Number; 2000013022 <br /> <br />THIS ADJUSTABLE RATE RIDER is made this 18th day of November, 2005 , and <br />is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed <br />to Secure Debt (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to <br />secure Borrower's Note to <br />Wilmington Finance, a division of AIG Federal Savings 8ank, <br />Federal Savings Bank <br />(the "Lender") of the same date and covering the property described in the Security Instrument and located <br />at; <br /> <br />3623 BRONCO RD <br />GRAND ISLAND, NE 68801 <br />[Property Address] <br /> <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 /> <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 /> <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial interest rate of <br />changes in the interest rate and the monthly payments, as follows; <br /> <br />7. 750 %. The Note provides for <br /> <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 December, 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 /> <br />WILMINGTON" MODIFIED <br />MULTISTATE ADJUSTABLE RATE RIDER (LIBOR Indelt) - Single Family - Freddie Mac UNIFORM INSTRUMENT <br /> <br />.-815R (0008) Form 31921/01 <br />Page@1 of 4 Initials: (' A ~ !lf4-R <br />VMP MORTGAGE FORMS - (800)521 -7291 <br /> <br />DDS-GAD <br />
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