88104028 - Laserfiche WebLink

Browse

.~NKS Home Equity Line of Credit Rider 8B- 104028 (Open snd cOOit with 0 fixed ralexfiil variable rate interest) This Home Equity Une of Credit Rider is dated -{)+'/18/88 and is an amendment to the Mortgage or Deed of Trust ("Mortgage") of the sa/Tlfl date given by the undersigned ("Borrower") to secure Borrower's Home Equity Line of Credit Agreement with 'I8RWEST BAliK NeBRASKA, NATIONALA8SQCIATIQN ("Lender'~ of the same date covering the property d8scribed In the Mortgage and located at: LOT TWENTY (20), BLOCK THREE (3). MEVES FIRST ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY. NEBRASKA. ~,.~.JjJ;HeRIAL DR GRAND ISLAND NE 6saOl In edditlon to the covenants and agreements made In file Mortgage, Borrower and Lender further covenant and agree as follows: /, Tha word "Note': as used In the Mortgage and thiS R,der. relers to the Home Equity Une 01 Credit Agreement. 2, The Nole eVidences an open end revolvmg line of credll agreement between Borrower snd Lender. The amount stated in the Mortgage as the prinCipal sum of Ihe Indabtedness IS the credit limit for the Ime of credit, All advances made at any time by Lender in accordance with the rarms at the Note, and all imerest on the advances. shall be secured by the Mortgage, However, at no time shall the principal amount of the mdebtedness SfJCured by the Mortgage, not including sums advanced in accordance with Ihe mortgage to protect the secuf/ly of Ihe Mortgage, exceed the Slated credit limit for the line of credit. 3 The Note provides fa,. '_' o sllxed rate of Interest expressed as a dalfy peflodlc rate of ~,~ ;;'Ie~ ThiS corresponds to an annual percentage role of __%, xlifl a vSf/able rale of Interest expressed as a daity pef/odic rate equal to '1'365 of an annual rale 01 ~% over the "fndex Rale, " The daifypeflodicralemayincreaseJt TilE 91 DAY T~ BILL RItfE--{-E&fABLIDIICB (LAST AU&HflH-A'JERABE ON A DISCOUNT 8/'lSIS, RQUNDED TQ THE NEAREST .10X)) (Ihe "Index Rale") Increases, The 1n,1,al dOIly peflodlc rale IS.~, ThiS corresponds to an annual percentaga rato 01 ~O!o, The annual percentage 'ate will "over be more than _~"io, The dalty pef/odic rate will be adjusted on tho last bUSiness day of every month, uSing the Indox Rate In effect thaI day An Increase In the daily peflodic rale may Iflcrosse the monthly paymont duo. ~,~k WJ/n1~;h.,_ , .SSIQrwtWlI IlC)t,u...",. ',gr-../wll' al'zt~ .:L~& C!te~~ )< ," '" ! NlS a2Pt1-lU.3(bJ. ,10 no Inea ...If"!he tr.()I"r\1~1