88105341 - Laserfiche WebLink

Browse

.BANKS 88-105341 Home Eauity Line of Credit Rider (Open end credit with 0 (i1ted rare:&J variable rate interest) Tf'tis Home Equity !Jne of CredIt Rldor IS dated -D9; 23/0C and IS an amendment to the Mortgage or Deed of Trust ("Mortg8ge~J of tho same date given by the undersigned ("Borrower''} to secure Borrower's Home Equity Line of Credit Agreement with ,WRW[~T B"llh 11[[rl\~I,1\ IIATJOIIAL ,;~38CJAT181: of the same date covenng the property described In rho Mortgage llnd located at: ("Lender") ~,lfAs.;f,;j},I3, L ,AIH ,\ or,I\,j[<---t7+I\,j[. :11, ,,088: In addition to the covenants and agreements made In (ho Mortgage. Borrower and Lender further coVenant and agree as foflows: The word ~No'eH. as used In the Mortgage and thiS Rider. refers to the Home EQUity Line of Credit Agreement. 2. Tho NOle oVtdences an open end revolllmg Ime of credit agreement between Borrower and Lender. The amount stated m the Mortgage as the prinCIpal sum of the mdebtedness IS the credit limIt for the Ime of credit, All adllances made at any time by Lender In accordance wlrh rhe terms of the Note. and all Interesl on the adllances. shall be secured by the Mortgage. However. at no rIme shall rho princIpal amount ot rhe Indebtedness secured by the Mortgage. not mc(udlng sums adllanced In accordanco with Ihe mortgage to profect the security 0/ the Mortgage, exceed rhe stateci credit limit for the Ime of credit 3 The Note proVIdes for. o a flKOO rare of Interost expressed as a dally periodIC rate of _~ 0,'[1 rate ThIS corresponds to an .mnual percentage rate of _%. ,,9 a variable rate of In/erest expressed as a dally pet/odiC rate equal to 1 ;365 01 an annual rate 0/ ~ % over the "lndoK Rate." The dallyperJ(xilcratemay,ncreaself file ~~ :1r,Y Ir:e(,::;I_lr;y BILL FAIE :[3TADU,',ljU (LAJT "UClJiW A'-'nArf 01: . [II: ['81)"[ ':::1: 1'1'1):'[;-[ TII TII: J'L^['[n .1Q")) (the "Index Rare"/ mcreases. The In/tlBl dally periodiC rare IS._~~. ThiS corresponds to an annual percentage rale of ~% The annual percentage rate Will flovor be more than ~B%' The dally pBflodlC rate will be adlusted on the last business day of every month. usmg the IndeJC Rate In ef/ect that day_ An mcroaSfJ m the dally periodIC rare may Increase rhe monthly payment due. ~ ~#;'t- 1I<"'v_IS'I1,..t..,. (b...,~~~IO Q ()~tll1\ NIS II..~I"''''''-nl' "OM"Hd"''''I'''~t