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200609100
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Last modified
10/12/2006 8:07:32 AM
Creation date
10/12/2006 8:07:30 AM
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DEEDS
Inst Number
200609100
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<br />200609100 <br /> <br />ADJUSTABLE RATE RIDER <br /> <br />(6-Month L1BOR Index-Rate Caps) <br />(Assumable during Life of loan) <br />(First Business Day of Preceding Month lookback) <br /> <br />0155820764 <br /> <br />lbis Adjustable Rate Rider is made this ~t~.~~y..CJ.tgfI9.~.~!:IJ..~~~~........................, 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 />.W~J.J.~..f l\~ ~.o.. al\N K.. HA,.......... .... .... .... .... .... .... ........ .... .... .... .... .... .... .. .. .... .... .... ........ ............ ........... (the <br />"Lender") of the same date and covering the property described in the Security Instrument and located <br />at: .~.Q.U~.O'fUJ:l..C.U.$J.EB.. .~Rl\N O. l$.LAN R.. NE. .ti.e.6!:la............................. ............................................................. <br />(property Address) <br /> <br />TIlE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST <br />RATE AND TIlE MONTHLY PAYMENT. THE NOTE LIMITS TIlE AMOUNT TIlE <br />BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND TIlE MAXIMUM <br />RATE TIlE 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 /> <br />The Note provides for an Initial Interest Rate of ..a.7.$IL.. %. <br /> <br />The 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 ~.g'!(~M~~!:IJ.~~9.L......................., <br />and may change on that day every _.6....Jh month thereafter. Each date on which my interest rate <br />could change is called a " Change Date." <br /> <br />(9) 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 ("UBOR") 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 lIBOR Index <br /> <br />(Assumable during Life of loan)--Freddle Mac UNIFORM INSTRUMENT <br />page 1 <br /> <br />PI036A Rev. 07/13/06 <br /> <br />i}/ <br />fiJ <br />
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