Laserfiche WebLink
<br />200706738 <br /> <br />ADJUSTABLE RATE RIDER <br /> <br />(1 Year Treasury Index - Rate Caps) <br /> <br />THIS ADJUSTABLE RATE RIDER is made this 30th day of July, 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 />EQUITABLE BANK <br /> <br />(the "Lender") of the same date and covering the property described in the Security <br />Instrument and located at: <br /> <br />2221 N ENGLEMAN RD <br />GRAND ISLAND, NE 68803-1430 <br />[Property Address] <br /> <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE <br />INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE UMITS 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 7,750 %. 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 />(A) Change Dates <br />The interest rate I w ill pay may change on the first day of September 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 />230219 <br />MULTISTATE 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 /> <br />Wolters Kluwer Financial Services <br />VMP@.822R (0405).01 ~. <br />Page 1 of 4 Initials: fi) <br />