Laserfiche WebLink
200206698 <br />WELLS Home E uity Access Line Rider <br />FARGO <br />vct, Go e� <br />-.ears Far - <br />(Open £trd Credit with variable rate interest) Cor'esto l ok Nebras a80i 1 -998 <br />This Home Equity Access Line Rider is dated 5/31/2002 and is an amendment tote Mortgf- ' 2 Deed of Trust <br />( "Mortgage ") of the same date given by the undersigned ("Borrower") to secure Borrower's Home 36 <br />Equity Access Line Agreement with: <br />i WELLS FARCTO BANK NEBRASKA, N.A. <br />1 <br />„Lender ^) <br />b the same data covering a property descri ed m the Mortgage and loca at: <br />2026 N CUSTER GRAND ISLAND NE 68803 <br />Property Address <br />In addition to the covenants and agreements made in the Mortgage, Borrower and Lander further covenant and agree as follows: <br />1. The word "Note," as used in the Mortgage and this Rider, refers to the Home Equity Access Line Agreement. <br />2. The Note evidences an open end revolving line of credit agreement between Borrower and Lender. The amount stated in the <br />...Mortgage as the principal sum of the indebtedness is the credit limit for the line of credit. All advances made at any time <br />by Lender in accordance with the terns of the Note, and all interest on the advances, shall be secured by the Mortgage. <br />- However, at no time shall the principal amount of the indebtedness secured by the Mortgage, not including sums advanced <br />in accordance with the mortgage to protect 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 .74 <br />plus the "Index Rate." <br />The daily periodic rate may increase if THE HIGHEST PRIME RATE PUBLISHED IN THE <br />WALL STREET JOURNAL MONEY RATES' TABLE <br />(the "Index Rate ") increases. The initial daily periodic rate is 0.015041 %. This corresponds to an annual percentage rate <br />of 5.49 %._ The annual percentage rate will never be more than 18.00 %. The daily periodic rate will be adjusted on the first <br />business day of every month, using the Index Rate in effect on the last business day of the prior month. An increase in the daily <br />periodic rate may increase the monthly payment due. <br />NOTICE: THIS MORTGAGE SECURES CREDIT IN THE AMOUNT OF $50,000.00 <br />LOANS AND ADVANCES UP TO THIS AMOUNT, TOGETHER WITH INTEREST, ARE SENIOR TO INDEBTEDNESS TO <br />OTHER CREDITORS UNDER SUBSEQUENTLY RECORDED OR FH.ED MORTGAGES AND LIENS. <br />� Gwe saL M ER C to <br />crow si re JOYCE A <br />Other Borrower#1 <br />signature <br />W 12713 (6 -99- 10379 -J) P2 <br />Other Borrower#2 <br />signature <br />