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87103855
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1987
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87103855
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Last modified
10/19/2011 9:03:21 AM
Creation date
3/27/2008 2:28:41 PM
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DEEDS
Inst Number
87103855
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r. <br />Na4NKS Home Equity Line of <br />Credit Rider <br />87. 103855 <br />(Open end credit with © fixed rafts)fij variable rate inter t) <br />This Home Equity line of Credit River is dated _ ./97. ___ and is an amendment to the Mortgage or Reed of Trust ( "Mortgage ") <br />of -the by the uridwsigned ( "Borrower ") to secure Wwrow+ers Home Equity Line of Credit Agreement with <br />( "Lender ") <br />of the saim date covering the property ri in the Mortgage and located at <br />y r slT 1Z. <br />In addition to the covenants and agreements made in the Mortgage, Borrower and Lender further covenant and agree as follows: <br />1. The word "Note", as used in the Mortgage and this Rider, refers to the Home Equity Line of Credit Agreement. <br />2. The Note evidences an open end revolving tine of credit agreement between Borrower and Lender. The amount stated in the Mortgage as <br />the principal sum of the indebtedness is the credit limit for the tine of credit. All advances made at any time by Lender in accordance with <br />the terms of the Mote, and all interest on the advances, shall be secured by the Mortgage. However, at no time shall the principal amount of <br />the indebtedness secured by the Mortgage, not including sums advanced in accordance with the mortgage to protect the security of the <br />Mortgage, exceed the stated credit limit for the line of credit. <br />3, The Note provides for: <br />® a fixed rate of interest expressed as a daily periodic rate of _.________.. rate. This corresponds to an annual percentage rate of ._____°!o. <br />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 <br />daily periodic rate may increase it <br />BILL MIED - 4.6 CI F -4-4 MN--kA , - ) ) <br />(the "Index Rate ") increases. The initial daily periodic rate This corresponds to an annual percentage rato of <br />The annual percentage rate will never to more than _ . Vic. The daily periodic rate will be adjusted on the last business day of every <br />o+ nth, using the index Rate in effect that day. An incr se in the daily periodic rate may increase the monthly payment due. <br />9 <br />tOWN'S acff: ^^ �'.° �°^ -'_a_._._..__..�_.__._..___..._ _tPevP tars u� A.• <br />4�`' --:t �tv � aet ttre newt i <br />Lz <br />O <br />n <br />
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