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2 0120601� <br />CONSTRUCTION LOAN RIDER TO SECURITY INSTRUMENT <br />(INCLUDING SECURITY AGREEMEN� <br />(To Be Recorded With The Security Instrument) <br />LENDER: Exchange Bank <br />BORROWER: Kayla Hasselmann <br />Dusiin Hasselmann <br />PROPERTY: 3761 Starwood Ave <br />Grand Island, NEBRASKA 68803 <br />THIS CONSTRUCTION LOAN RIDER TO SECURITY INSTRiJMENT (the "Rider") shall be deemed to amend <br />and supplement the Mortgage, Open-End Mortgage, Deed of Trust, Credit Line Deed of Trust, and any and all riders or <br />amendments thereto (the "Se,curity Instrument") of the same date, to wkuch this Rider is attached, given by the <br />undersigned (the `Borrowe�') to secure Borrower's Promissory Note to Lender of the same date (the `mTote") and <br />covering the properiy (the "Property") described in this Security Instrumen� AII terms defined in the Note and <br />elsewhere in this Security Instrument shall have the sa�e meaning in this Rider. <br />AMENDED AND ADDITIONAL COVENANTS. In addition to the covenants and agreements made in this <br />Security Instrument, Borrower and Lender further covenant and agree as follows: <br />1. Construction Loan Agreemen� Bonower's Note evidences Borrower's promise to pay Lender the <br />aggregate amount of all advauces made and distributed by Lender under the terms and conditions of a <br />Construction Loan Agreemerrt between Lender and Bonower dated the same date as the Note (the "Loan <br />AgreemenY'). The Loan Agreement provides for construction of certain improvements (the "Improvements") <br />on the Property. Borrower agrees to comply with the covenants and conditions of the Loan Agreemenk This <br />Security Instrument secwes to Lender (a) the repayment of the debt evidenced by the Note, including the <br />aggregate amount of all advances made by Lender from time to time under the terms of the Loan Agreement, <br />with interest at the Construction Phase Note Rate, and a.11 renewals, extensions, and modifications of the Note, <br />(b) the performance of a11 of Borrower's covenants and agreements under the Note, this Security Instrument, <br />and the Loan Agreement (the "Loan Documents"), and (c) the payment of a11 other sums, with interest at the <br />Note Rate, advanced by Lender to protect the security of this Security Instrument, or to perform any of <br />MULTTSTATE CONSTRUCTION LOAN RIDER TO SECLTRITY INSTRUMENT - Single Family - Fannie Mae o 373711 01 <br />I� �(pa � <br />Borrower(s) IniUals _� `1 <br />