Laserfiche WebLink
Metadata
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
<br />200808866 <br /> <br />FIXED/ADJUSTABLE RATE RIDER <br /> <br />(One-Year Treasury Index - Rate Caps) <br /> <br />THIS FIXED/ADJUSTABLE RATE RIDER is made this 6 day of OCTOBER 2008 . <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed <br />of Trust, or Security Deed (the "Security Instrumentn) of the same date given by the <br />undersigned ("Borrower") to secure Borrower's Fixed/Adjustable Rate Note (the "Note") to <br />LIBERTY FIRST CREDIT UNION <br /> <br />("lender") of the same date and covering the property described in the Security Instrument <br />and located at: <br /> <br />2590 SOUTH ENGl.EMAN ROAD <br />ALDA, NEBRASKA 68610 <br />[Property Address] <br />THE NOTE PROVIDES FOR A CHANGE IN BORROWER'S FIXED INTEREST <br />RATE TO AN ADJUSTABLE INTEREST RATE, THE NOTE LIMITS THE <br />AMOUNT BORROWER'S ADJUSTABLE INTEREST RATE CAN CHANGE AT <br />ANY ONE TIME AND THE MAXIMUM RATE BORROWER MUST PAY. <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the <br />Security Instrument. Borrower end Lender further covenant and agree as follows: <br />A. ADJUSTABLE RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial fixed interest rate of 8 .750 %. The <br />Note also provides for a change in the initial fixed rate to an adjustable interest rate. as <br />follows: <br />4. ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />(AI Change Dates <br />The initial fixed interest rate I will pay will change to an adjustable interest rate on the <br />first day of NOVEMBER 2015 . and the adjustable interest rate I will pay <br />may change on that day every 12th month thereafter. The date on which my initial fixed <br />interest rate changes to an adjustable interest rate, and each date on which my adjustable <br />interest rate could change, is called a "Change Date." <br />IB) The Index <br />Beginning with the first Change Date, my adjustable interest rate will be based on an <br />Index. The -Index" is the weekly average yield on United States Treasury securities adjusted <br />to a constant maturity of one year, as made available by the Federal Reserve Board. The most <br />recent Index figure available as of the date 45 days before each Change Date is called the <br />"Current Index." <br /> <br />MULTISTATE FIXED/ADJUSTABLE RATE RIDER <br />Family - Fannie Mae Uniform Instrument <br />Form 3182 1/01 <br />Wolters Kluwer Financial Services <br />VMP"-843R (0405).01 <br />Page 1 of 4 Initials: ~ <br /> <br />. ONE.YEAR TREASURY INDEX - Single <br /> <br />1- <br />LY511 <br /> <br />9919 <br /> <br />1IIIII1IIIII111 <br />