Laserfiche WebLink
<br />200611354 <br /> <br />ADJUSTABLE RATE RIDER <br /> <br />THIS ADJUSTABLE RATE RIDER is made this 18th day of December <br />2006 , and is incorporated into and shall be deemed to amend and supplement <br />the Mortgage, Deed of Trust or Security Deed (the "Security Instrument") of the same date given by the <br />undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note (the "Note") to <br />Home Federal Savings and Loan Association of Grand Island <br /> <br />(the "Lender") of the same date and covering the Property described in the Security Instrument and located <br />at:1808 VIRGINIA DR <br />GRAND ISLAND, NE 68803 <br /> <br />[Property Address] <br /> <br />THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY <br />INTEREST RATE AND MY MONTHLY PAYMENT. INCREASES IN THE <br />INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE <br />INTEREST RATE WILL RESULT IN LOWER PAYMENTS. <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 6.500 %. The Note provides for <br />changes in the interest rate and the monthly payments, as follows: <br /> <br />4. INTEREST RATE AND MONTIll. Y PAYMENT CHANGES <br />(A) Change Dates <br />The interest rate I will pay may change on the 1st day of January <br />2010 , and on that day every 12 month thereafter. Each date on which my interest rate <br />could change is called a "Change Date." <br /> <br />MULTI$TATE ADJUSTABLE RATE RIDER - Single Family <br /> <br />G-899U (9705).01 1/97 <br />@ <br />Page 1 of 4 Initials: <br />VMP MORTGAGE FORMS - (800)521-7291 <br />