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88105066
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88105066
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Last modified
3/9/2007 5:41:41 PM
Creation date
3/9/2007 4:41:03 AM
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DEEDS
Inst Number
88105066
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<br />t...fX.. 1/ c.j(Y!'')71 &; 43 <br /> <br />"8AftJKS <br />.. <br /> <br />Home Equity Line of <br />Credit Rider <br /> <br />88- 105066 <br /> <br /> <br />tOper. end credtl with D fixed 'ate~ IIsn'able rate interest) <br /> <br />This Home Equity Line 01 Credit Rider 1$ dated 99 .'.g~/OO and;s an amendment to the Mortgage OT Deed of Trust rMortgage") <br />of the same darB gIven by the undersigned ("Borrower") to secure Borrower's Home EquUy Une of Crad;' Agreement with <br />NllflWES'f-iWU; t1eBR,~9t.:,~ 'I:;TI811.~L ACCOCInTI8t1 ("Lander") <br />of the same dale covering the property described in the Mortgage and located at: <br /> <br />;,m.JL.i1311l1 <br /> <br />(f'nm I lilA'1P tiE <br /> <br />MleQJ <br /> <br />In addition to the covenants and agreements made in the MOr1gage. Borrower and Lender further covenant and agree as fotlows: <br /> <br />The word ~Nore~. as used In rhe Mortgage and fhls Rider. refers 10 the Home Equity Line of Credit Agreement. <br /> <br />2. The Note eVidences an open end rellO/llmg line of credIt agreement between Borrower and Lender. The amount stated in the Mortgage as <br />the principal sum of the mdebtedness IS the credit limit for the IlOe of credit. All advances made at any time by Lender In accordance with <br />the terms of the Note. and all interest on rhe advances. shafl be secured by rhe Mortgage. However. at no time shall rhe principal amount of <br />the indebtedness secured by the Mortgage. not Includmg sums advanced In accordance with rhe mortgage to protecr the security 01 the <br />Mongage. exceed the stated credit limIt for Ihe /lOe of credit <br /> <br />The Note provides for: <br />o a fixed rate of mterest expressed as a dally periodiC rate of _ % rate. This corresponds 10 an annual percentage rare of _%. <br />~ a vanable rare of Interest expressed as a dally PBnodlc rate equal to 1/365 of an annual rare 01 ~ over the Hlnde1( Rate, H The <br />daily penoellc rate may ,ncrease If TII[ \'1 [I" Y Tr:[:-SU~:Y <br /> <br />BILL RATe (e~TP,BLHJll[t1 (LI,~T ,i~ETIml ,weRAEE 911 .~ BIEE9UIIT B.'Elf:, RQ~~I~1':P T9 TWE II1':A<lEliT 10'()) <br /> <br />(the -'ndex Rate-J Increases. ihe mlMJ daily panodlc rate 's_~. This corresponds to an annual peroentage rate of ~%.. <br />The annual percentage rate Will never be more man ~%. The dally penodlc rate will be adjusted on the last business day of every <br />monffJ. usmg ,he Index Rate In effect that day. An increase 10 rhe daily PBrrodlc rate may Increase the monthly payment due. <br /> <br />~4o/~:i <br /> <br />Ji'tLM-1U R wL-:b..- <br />Bo",,_.a.gn.l,.,.. <br /> <br />u IF I CEASE TO BE AN EMPLOYEE OF YOU OR YOUR AFFILIATES, YOU W] LL ] NCF:EASE THIS NUMBER <br />TO ~.7~. <br /> <br />* OR IF 1 CEASE TO BE AN EMPLOYEE OF YOU OR YOUR AFFILIATES. <br />
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