87105703 - Laserfiche WebLink

Browse

of In to the covenants and agreements made in the Mortgage, Borrower and Lender further covenant and Was, as (allows. 1. The word "Note", as used in the Mortgage and this Rider, refers to the Home Equity Line of Credit Agreement. 2. The Note oviderw4m an open and revolving tine of credit agreement between Borrower and Lender. The amount stated in the Mortgage as the principal sum of the indebtedness is the credit limit for the line of credit. All advances made at any time by Lender in accordance with Me farms of the Note, and all interest on the advances, shall be secured by the Mortgage. However, at no time shall the principal amount of the indebtedness secured by the Mortgage, not including sums advanced in accordance with the mortgage to protect the security of the exceed the stated credit limit for the line of credit. 1 The Note provides for ❑ a fixed rate of interest expressed as a daily periodic rate of _,___.., °ro rate. This corresponds to an annual percentage rate of a variable rate of interest expressed as a daily periodic rate equal to 1!365 of an annual rate of .__ :_1 °'0 over the 'Index Rate." The dairy periodic rate may increase it Ithe Index Rare ") increases. The initial daily periodic rate is '_ i. °A. This corresponds to an annual percentage rate of The annual percentage rate will never be more than ;_ w. °.c. The daily periodic rate will be adjusted on the last business day of every month, using the Index Rata in effect that day. An increase in the daily periodic rate may increase the monthly payment due. •,;.., F:0 °" ! i re @N ie1ffiy NMI fM rts�(4) In