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2012067� Borrower has requested, and Lender has agreed, to extend or rearrange the time and manner of payment of the Note and to extend and carry fonvard the lien(s) on the Property whether or not created by the Security Instrument. Now, therefore, in consideration of the mutual promises and agreements contained herein, and other good and valua.ble considera.tion, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows (notwithstanding anytlung to the contrary contained in the Note or Security Instrument): 1. Borrower acknowledges that as of the Effective Date, the amount payable under the Note and Security Instrument (New Principal Ba,lance) is $64,570.82. 2. The Maturity Date is November O1, 2035. 3. Bonower hereby renews and e�ends such indebtedness and promises to pay jointly and severally to the order of Lender the Principal Balance, consisting of the amount(s) loaned to Borrower by Lender and any accrued but unpaid interest ca,pitalized to daxe as applicable, along with any other amounts that may come due under the terms of the original Note and Security Instrument. 4. Interest will be charged on the unpaid, non-defened, "New Principal Balance" until the non-defened principal has been paid in full. Borrower promises to pay interest at the rate of 4.625% from May O1, 2012 until I payoff my loan at the time when I sell or transfer any interest in my home, refinance the loan, or when the last scheduled payment is due. The rate of interest I pay will change based upon Payment Schedule below. 5. Bonower promises to ma.ke monthly principal and interest paytnents of $375.91, beginning on June O 1, 2012, and continuing thereafter on the same day of each succeeding month, according to the Payment Schedule below until a11 principal and interest is paid in full. Borrower will ma.ke such payments at 3451 Hammond Avenue, Waterloo, Iowa, 50702 or at such other place as Lender may require. The amounts indicated in this paragraph do not include any required escrow payments for items such as hazard insurance or properiy ta��es; if such escrow payments axe required the monthly payments will be higher and may change as the amounts required for escrow items change. If Step Ra.te: PAYMENT SCHEDULE Interest Rate Interest Rate Monthly Monthly Total Payment Begins Payment Change Date Principal Escrow Monthly On Ends on and Payment Payment Interest Amount Payment Amount 4.625% May O1, 2012 $375.91 $185.51, $561.42, June O1, 2012 NovemUer O1, 2035 may adjust may adjust periodically periodically 6. If on November O 1, 2035 (the "Maturity Date"), Borrower still owes any amounts under the Note and Security Instrument, including any "Deferred Principal Balance" as provided for in this Agreement, Borrower will pay these amounts in full on that date. 7. If "Lender" has not received the full amount of any monthly payment within the grace period provided for in the original Note or as otherwise provided for by law, Borrower will pay a late payment fee to "Lender" in an amount calculated based on the late charge percentage provided for in the original Note, or as otherwise provided for by law, and the monthly payment required under this Agreement, -'Sr- 459416-000119