88101278 - Laserfiche WebLink

Browse

r I Sf" DANKS "", Home Equity Line of Credit Rider 88- 101278 (Open end credit with 0 fixed rate>GI variable rate interest) This Home Equity Line of Credit Rider is dated 03 1(l4 IflR and is an amendment to the Mortgage or Deed 01 Trust ("Mortgage") of the same date given by the undersigned ("Borrower") to secure Borrower's Home Equity Line of Credit Agreement with ___ NORld.ES..LMlliLNEBRAc;KA I NATTnNAI ASSnrT Anm-/ ("Lender") of the same date covering the property described in the Mortgage and located at: 1.O..O.B...S PLEASANT l! I EI4 Properly Address r.RANn Tql ANn N~ ARR01 In 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 Ihis Rider, refers 10 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 in the Mortgage as the principal sum o( the indebtedness is the credit limit (or 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 amount o( 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: o a fixed rate of interest expressed as a daily periodic rate of _010 rate. This corresponds to an annual percentage rate of _010. X~ a variable rate of interest expressed as a daily periodic rate equal to 1/365 of an annual rate of -4.....55-% over the "Index Rate." The daily periodic rate may increase if THE 91-IJAY TPEASllpy BILL RATE (ESTAtlLISHED (LAST AUCTION AVERAGE ON A DISCQIINT BASIS, POUNDED--l.O THE NEAREST lOX)) (Ihe "Index Rate") increases. The inilial daily periodic rate is. 027808>. This corresponds to an annual percentage rate of --1-0-..-1.5%. The annual percentage rate will never be more than ~%. The daily periodic ,-ate will be adjusted 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. ~"ttL- L~ Borrowers signature ~/ . TM L-'--' Of _ wer.s slg fO '., 'it) Z~V~0 \ NIS 829 (2-84-305) . (10 be used with the mortgage) L L ~ L r-- ,;I ~. " ~ """ ~ -...,- '-=J