99104473 - Laserfiche WebLink

Browse

. , � �q ^ �d y y �3 u:■ Home Equity Access Line Rider .�BANKS n�� lOpen end credit wiih variable rate interesfl This Home Equity Access Line Rider is dated 04/16/1999 and is an amendment to the Mongage or Deed of Trust ("Mortgage")of the same date given by the undersigned("Borrower"1 to secure Bor�ower's Home EquityAccess LineAgreement with NORWES'1' BANK N .RRAGKA jJj�TTnN�T ASS(�C'Tj�TIC�N ("Lender") of the same data covering the property desc�ibed in the Mortgage and located at: 104 E 12TH 1aN ISL N NE 6880� Property address ln addiiion io the covenants and agreements made in the Mortgage, Borrowe�and Lender further covenant and agree as follows: 1. The word "Note,"as used in the Mortgage and this Rider, refers to the Home Equity Access Line Agreement. 2. The Note evidences an open end revolving line of credit agreement between Bo��ower and Lender. The amount stated in the Mo�tgage 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, ai no time shall ihe p�rncipal amount of ihe indebtedness secu�ed by the Mortgage, not including sums advanced in accordance with the mo�tgage to proteci the security of the Mortgage, exceed the stated credit limit for the line of credit. 3. The Note provides for. a variab/e rate of interest expressed as a daily periodic rate equal to 1/365 of an annual rate of 0.5 0 % plus the "lndex Rate." The daily periodic rate may increase if THE HIGHEST PRIME RATF PUBLISHED IN THE WALL STREET JOURNAL 'MONEY RATES' TABLE (the "/ndex Rate"/increases. The initial daily periodic�ate is .022602 %. This corresponds to an annual percentage rate of g,25 %. The annual percentage rate will never be mo�e than 18%. The daily periodic rate will be adjusted on the first business day of every month, using the lndex Rate in effect on the last business day of the prior month. An inc�ease in the daily periodic rate may increase the monthly payment due. NOT/CE.• TH/S MORTGAGE SECURES CRED/T/N THE AMOUNT OF S _ 2 0. 0 0 0 . LOANS AND A�VANCES UP TO TH/S AMOUNT, TOCETHER W/TH/NTEREST,ARE SEN/OR TO/NDEBTEDNESS TO OTHER CRED/TORS UNDER SUBSE ENTL Y RECORDED R F/LED MORTGAGES AND L/ENS. , . � Bo w s signature Bo�owe signatura NC 7245?MTG(4-98-2 1 24 84-J1 P/l