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87106348
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87106348
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Last modified
10/19/2011 2:27:47 PM
Creation date
3/27/2008 3:04:09 PM
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DEEDS
Inst Number
87106348
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y — — <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 line 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 line of credit. All advances made at any time by Lender in accordance with <br />the terms of the Note, 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 <br />a variable rate of interest expressed as a daily periodic rate equal to 11365 of an annual rate of d% over the 'Index Rate." The <br />daily periodic rate may increase if <br />:SILL a _ ;i ._. .147 <br />(the "Index Rate "} increases. The initial daily periodic rate is,W�. This corresponds to an annual percentage rate ofy�;i°. <br />The annual percentage rate will never be more than p /o. The daily periodic rate will be adjusted on the last business day of every <br />month, using the Index Rate in effect that day. An increase in the daily periodic rate may increase the monthly payment due. <br />OVA <br />IW6 (2-04-M) — w uses wdh --f9* P1 <br />A <br />IN <br />Ia <br />01 <br />i <br />r} <br />
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