88102276 - Laserfiche WebLink

Browse

11- Home Equity Un. of Credit Rider 88"'1022 t16. r (Open end aedit with [] IiItfJd ,.JiJ wriabIe rate inf8t8SI) Thi$ Home Equity Une 01 Credit RkIM is dallld 94129/88 and is an amendment to the MOttgage or Deed 01 TrusWMortgage") 01 the $81JHI dllte gillen by the undetIignfId ("Borrower") to secure BorroWfN's Home Equity Line 01 Ctedn Agreement with U8RWfST BANK NCBRAC~=A. NATICNAL A&S9CIATIQtl (''tender'') 01 the same date <:olIfNing the property ducritJed in the Mortgage and located at: ~.[RTA GRA"P IiAlND WE 68QQ] In addition to the covenanrs and agreements made in the Mortgage. BOfrOWfN and Lender further COVfH!ant 8IId agree as lollows: 1. The word "NoIe~ as used in the Mortgage and this Rider, relers to the Home Equity Line of Credit Agreement. 2; The Note fWidences an open end 1fJIIOlving line of credit agreement between BorroWfN and Lender. The amount stated in the Mortgage as the principal sum of the indebtedness is the credit limit lor the line of credit. All advances made at any time by Lender in accordance with the terms 01 the Note, and all interest on the advances. shall be secured by the Mortgage. Ho'NfWfJr. at no t,me shall the principslamount of the indebtedness secured by the Mortgage. not including sums adllBllced in accordance with the mortgage 10 protect the security of the Mortgage. erceed the stated credit limit for the line of credit. 3. The Nole provides for: [] a fired rate of interest expressed as a daily periodic rate of _% rate. This corresponds to an annuaf percentage rate of _%. [:) a variable rate of interest expressed as a daily periodic rate equal to 1/365 of an annual rate of ~% over the "Index Rate." The daify periodic rate may increase if TII;: 91 BA Y TREASURY BILL R~T[ (C3TADlI~f~D (LA~T AUCTION AV[RA~E 0H A BISCOUNT BASIS. ~9YN~~~ TQ T~~ NEARE~T .10~)) (the "Index Rate") Increases. The initial daily periodic rate is. 027808'. This corresponds to an annual percentage rateo! ~ The annual percentage rate will never be more than~. The daify periodic rate will be adjusiedon the last business day of every month. using the tndex Rate ;" effect that day. An increase in the daily periodic rate may increase the monthly payment due. l::t~ '"rJr::~ .' 5~v- ~c~ -~~- ~~~~.~ t,;.-: :f.':- \ -I ,. T:tega1: LOt:Pive (5), Block One (1), Kay-Dee Subdivision, located on part of the Southwest .Quar'ter of the Southwest Quarter (SW 1/4 SW 1/4) of Section Twenty One (21), Township Eleven :!(UrNorth, Rauge Nine (9) West of the 6th P.M., Hall County, Nebraska, Excepting therefrom "that'part thereof described as follows: Beginning at the Northeast corner of said Lot 5. .thence running Southwesterly along the Easterly line of said Lot 5, a distance of 87.4 Feet to the Southeast corner of said Lot 5; thence running Northerly and parallel to the West line of said Lot 5, a distance of 100.95 Feet to a point on the Northeasterly line of Lot 5. thence running Southeasterly along, the Northeasterly line of Lot 5. a distance of 54.1 feet to .the point of beginning. ,~ NlScr8f2-!N.305:,. ittJM&.-.d~ ~~J L u r ..J