Laserfiche WebLink
<br />200701229 <br /> <br />ADJUSTABLE RATE RIDER <br /> <br />(1 Year Treasury Index ~ Rate Caps) <br /> <br />THIS ADJUSTABLE RATE RIDER is made this 15th day of February, 2007 <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed <br />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 />Union Bank and Trust Company <br /> <br />(the "Lender") of the same date and covering the property described in the Security <br />Instrument and located at: <br /> <br />308 S Sycamore <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 <br />Security 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 8.500 %. The Note <br />provides for changes in the interest rate and the monthly payments as follows: <br /> <br />4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> <br />(AI Change Dates <br />The interest rate I will pay may change on the first day of March 2010 <br />and on that day every 12th month thereafter. Each date on which my interest rate could <br />change is called a "Change Date." <br /> <br />06-12-000163 <br />MUL TISTATE ADJUSTABLE RATE RIDER. ARM 5-2 - Single Family - Fannie Mae/Freddie <br />Mac UNIFORM INSTRUMENT <br />Fannie Mae 4-2/5-2/6-2 ARM <br />Form 3111 1/01 <br />.-822R (0405) <br />Pag~ 1 of 4 Initials: <br />VMP Mortgage Solutions, Inc. <br />(800)521-7291 <br />