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200609000
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Last modified
10/10/2006 7:45:52 AM
Creation date
10/10/2006 7:45:51 AM
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DEEDS
Inst Number
200609000
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<br />200609000 <br /> <br />ADJUSTABLE RATE RIDER <br /> <br />(6-Month UBOR Index-Rate Caps) <br />(Assumable during Life of Loan) <br />(First Business Day of Preceding Month Lookback) <br /> <br />0155143985 <br /> <br />This Adjustable Rate Rider is made this ~~~h.~!I,Y..C?U?~.~.T.eM.I;I.e.I;I.,,~.Q~L................ , and is <br />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") <br />to secure the Borrower's Adjustable Rate Note (the "Note") to ........................................ <br />.VY.~.I,..1.S..f'AI;H~.Q. E1ANK...t)lA............... ................................................................................................... (the <br />"Lender") of the same date and covering the property described in the Security Instrument and located <br />at: .7.1:4. .SQUIH. .c.wms. .S.T.~U'T...~RANR.J.S.I,.AND.. .t)lE ..~.~.IH'a.... ...c.... ............................ ...................................... <br />(Property Address) <br /> <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST <br />RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE <br />BORROWER'S INTEREST RAm CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM <br />RATE TfIR BORROWER MUST PAY. <br /> <br />ADDITIONAL COVENANTS. In addition to the covenants and abrreements made in the Security <br />Instru111ent, Borrower and Lender further covenant and agree as follows: <br /> <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> <br />The Note provides for an Initial Interest Rate of .:tl...2~o.... %. <br /> <br />'Ine Note provides for changes in the interest rate and the monthly payments as follows: <br /> <br />4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> <br />(A) Change Dates <br /> <br />The interest rate I will pay may change on the first day of 9.~IQ.I;II~,JQ~L.........................., <br />and may change on that day every ~th month thereafter. Each date on which my interest rate <br />could change is caned a " Change Date." <br /> <br />(B) The Index <br /> <br />Beginning with the first Change Date, my interest rate will be based on an <br />Index. The "Index" is the six-month London Interbank Offered Rate ("USOR") which is <br />the average of interbank offered rates for six-month U.S. dollar-denominated deposits in <br />the london market, as published in "The Wall Street Journal." The most recent Index <br />figure available as of the first business day of the month immediately preceding <br />the month in which the Change Date occurs is called the "Current Index." <br /> <br />If the Index is no longer available, the Note Holder will choose a new index which is based upon <br />comparable information. The Note Holder will give me notice of this choice. <br /> <br />ADJUSTABLE RATE NOTE-6-Month UBOR Index <br /> <br />(Assumable during Ufe of Loan)--Freddie Mac UNIFORM INSTRUMENT <br />page 1 <br /> <br />P 1036A Rev. 07/13/06 <br /> <br />-;;Il!/ <br />
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