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'" , 100977 88- Home Equity Line of Credit Rider I ." NORWI1Sr BANKS "'" (Open end credit with 0 fixed rateig vanable rate interest) This Home Equity Line of Credit Rider is daled 0::-'/2:2/88 and is an amendment to the Mortgage or Deed of Trust ("Mortgage") of the same dale given by the undersigned ("Borrower") to secure Borrower's Home Equity Line of Credit Agreement with NOF<:WCST [IANI~ tlCDfiASIJlJ j'!p,TIOn,\U\SSOClfTTDrI of the same date covering the property described in the Mortgage and located at: ("Lender") ;,g,j;,y ~dd1s9 T II ~~ T [TUn r'L(\Nf, J-![ In addition to the covenants and agreements made /fI the Mortgage. Borrower and Lender further covenant and agree as follows: 1. The word "Note". as used In the Mortgage and this Rider, lefers to the Home Equity Line of Credit Agreement. 2. The Note evidences an open end revolVing line of credit agreement between Borrower and Lender. The amount stated /fI the Mortgage as the principal sum of the mdebtedness is the credit limit for the l/fIe 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 amount of the indebtedness secured by the Mortgage. not including sums advanced /fI accordance with the mortgage to protect the security of the Mortgage. exceed the stated credit limil for the line of credit. 3. The NOle provides for: o a fixed rate of interest expressed as a daily periodic rate of _0/0 rate. This corresponds to an annual percentage rate of _010. X~ a vanable rate of interest expressed as a daily penodlc rate equal to 1365 of an annual rate of _ ~ . 7') % over the "Index 1.ate." The daily periodic rate may inw'Iase if TIIC ';'.: DAY Tr~U,=-,~Jr:"( t I r BILL FJi TE ; E:::T ,:;J:.L I3HED (LA:;T ,;UC~ IOi'j .; XrlAGC (II! A D I ::::C;JU;n =!A::; IS, r:QUiWCD fO file tle,~r\[ST .1 O;D ) (the "Index Rate") increases. The initial daily periodic rate IS. C::::02: 'QI,. This corresponds to an annual percentage rate of ~/o. The annual percentage rate will never be more than 17.000/0. The daily periodic rate will be adjus:ed on the last business day of every month. using the Index Rate in effect that day. An Increase in the daily periodic rate may Increase the monthly payment due. ~t2ktf~a~ fJoffowe,'s Slgnarl.ire ~7~ '\ \ DAY V F.E EBBRR~~.ARY ,\ 1988. \ . \ .' ~\L!~'~. "\ SUBSCRIBED AND SWORN TO BEFORE ME THIS 22 I 6-~~IRES' 12/28/89 ~ ., tomnL b,. Dee. 28. 1989 r-- NfS 829 '2.84.3051 - ,~o be usod With the '71cJrtg"lgel L L _J ~~