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� - r �■�■■ � �$-� ��8 Home Equity Access ■■■■■ , ��BANKS ��,��7��K.�_l� L L�? Line Rider ■■.■■ . _ _ _- --- __ - — �ana L.Kello49 W�59 LOC106 Gran s� ^ MS5050(3G3)3a9"4205 (Open end credit with ❑ fixed rate [� variable rate interest) This Home Equity Access Line Rider is dated i-'��+f�� and is an amendment to the Mortgage or Deed of Trust("Mortgage")of the same date given by the undersigned("Borrower") to secure Borrower's Home Equity Access Line Agreement with ��T �3Ah��,: �1EBR�1St�:A , hJRI"I DhJAL RSSOC IAT I OM ("Lender") of the same date covering the property described in the Mortgage and located at: C336 NOf,TH SYGflMDfiE G�tt�iVi3 ISLAi�v NE b88�7f Property address ln addition to the covenants and agreements made in the Mortgage, Borrower and Lender further covenant and agree as follows: 1. The word "Note,"as used in the Mortgage and this Rider, refers to the Home Equiry Access Line Agreement. 2. The Note evidences an open end revolving line of credit agreement between Borrower and Lender. The amount stated in the Mortgage as the principal sum of the indebtedness is the credit limit for the line of credit. All advances made at any time by Lender in accordance with the terms of the Note, and all interest on the advances, shall be secured by the Mortgage. However, at no time shall the principal amounf of the indebtedness secured by the Mortgage, not including sums advanced in accordance with the mortgage to protect the security of the Mortgage, exceed the stated credit limit for the line of credit. 3. The Note provides for: ❑ a fixed rate of inferest expressed as a daily periodic rate of %. This corresponds to an annual percentage rate of %. [� a variable rate of interest expressed as a daily periodic rate equal to 1/365 of an annual rate of 1 .t��;� %plus the(Index Rate.) The daity periodic rate may increase if TNE N I GHEST Ffi I ME RC�TE F'UBLTSNED Ih4 THE WALL STfiEET JOUFi1NAL 't'iOP�iEY fiATES' THEtLE (the "Index Rate")increases. The initial daily periodic rate is .t?�6i�27 %. This corresponds to an annual percentage rate of 9•��? %. The annual percentage rate will never be more than 18.r.�i_} %. The daily periodic rate will be adjusted on the last business day of every month, using the Index Rate in effect that day. An increase in ihe daily periodic rate may increase the monthly payment due. NOTICE: THIS MORTGAGE SECURES CREDIT IN THE AMOUNT OF$ 3�'�t'?�a . LOANS AND ADVANCES UP TO THIS AMOUNT, TOGETHER WITH INTEREST, ARE SENIOR TO INDEBTEDNESS TO OTHER CREDITORS UNDER SUBSEQUENTLY RECORDED OR FILED MORTGAGES AND LIENS. 7 � �` B owers signature Borrowers signature NC 12128 MTG(5-90-1 7 5 722-/)Pll