|
WELL Home Eqlt'`� lne Rider
<br />FARGO 200205105
<br />(Open End Cl-edit with va�-iabl ra . i,.,.-,crest) 01�l Yr
<br />This Home L'n,,;,iw Acc,-s, 3.4ne R4 4e- is dated 4/10/2002 and is an amendment to the Mortgage
<br />( "Mortgage ") c,-,he b the undersigned (Borrower) to secure Borrower's Home
<br />Equity Access Line gree .ent , ith: ��►
<br />WELLS FAI�,G�; t3 -ILK �, I=ERASKA, N.A.
<br />of the same & t,.covering the propejty described in the Mortgage and located at:
<br />22 VIA COMO GRAND ISLAND rite 68803
<br />Property Address. �.__. _...�._._.._.._...._...._. -..r_
<br />In addition to ffr- i -1 rc - ,n ade in the Mortgage, Borrower and Lender further covenant and agree as follows:
<br />1. The word '-N(, ,i:. r ,a t,l oi- < ; ,e a .d this Rider, refers to the Home Equity Access Line Agreement.
<br />2. The Note evidences an open end reVoly ng line of credit agreement between Borrower and Lender. The amount stated in the
<br />Mortgage as t: C tr,e ii,,: btedness is the credit limit for the line of credit. All advances made at any time
<br />by Lender i -, , h,' - , e '( -Irn , - " she Note, and all interest on the advances, shall be secured by the Mortgage.
<br />However, at no time shall the principal = ,mount of the indebtedness secured by the Mortgage, not including sums advanced
<br />in accordancc with the mortgage o --p_ °c.t +yet the security of the Mortgage, exceed the stated credit limit for the line of credit.
<br />3. The Note provides for:
<br />a variable rate of interest exPressed as a daily periodic rate equal to 1/365 of an annual rate of
<br />* plus tht• ",Ywex
<br />The daily r- ion c tat - -aay ir,,;Y��ase -`f THE HIGHEST PRIME RATE PUBLISHED IN THE
<br />WALL ST"' -T'— !r ;,T `,' RATES' TABLE
<br />( "Lender ")
<br />3.20
<br />(the "Index Kale ") Mcrease, T .e L-liidal daily periodic rate is 0.021781 %. This corresponds to an annual percentage rate
<br />of 7.95',0. The annual uercen'tage rate will never be more than 18.00 %. The daily periodic rate will be adjusted on the first
<br />business day of every mon th, usir = the Index Rate in effect on the last business day of the prior month. An increase in the daily
<br />periodic rate may increase 14vP m - -thiy payment due.
<br />NOTICE: 3IS � , 'C u SECURES CREDIT IN THE AMOUNT OF $20,000.00
<br />LOANS AND ADVANC;LS UP TO THIS AMOUNT, TOGETHER WITH INTEREST, ARE SENIOR TO INDEBTEDNESS TO
<br />OTHER CRF9IT(ItdS tj N rJEP S1 ; SF.QUENTLY RECORDED OR FILED MORTGAGES AND LIENS.
<br />Borrower's signat u-e �1A�,4 LYNN' '<F1_1.0 Co- Borrower's signature
<br />Other Borrower#1
<br />signature
<br />Other Borrower#2
<br />signature
<br />If I cease k ,- C", car your affiliates, you will increase this number to 3.70 %
<br />W 12713 (6 -9�'- 103''9 -J) P2
<br />
|