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<br /> 98- 1i2.'�4
<br /> HALI�OON RIDER �+aan No. 5-0 4 7 4
<br /> (CONDITIONAL RI�HT TO REFINANCE)
<br /> TIIl5 f3ALL00N R1DBR is made this 10�h dey of DEC�MI3ER �__
<br /> 1 J98 , and is incorporated into and shall be decmcd to atnend and supplement the
<br /> Mortgage, Deed of Trust or Deed to Secure Debt (the "Security lnstrumtnt") bf tho same date given
<br /> by thc undersigned (the "Borrower")co sec:use dic B orrower's Note to M O U N T A I N W E S T
<br /> FINANCIAL, INC. , A CALIFORNIA CORPORATInN
<br /> (the "Lender")of the same date and covering the property described in the Sec:urity lnstrument and
<br /> loceted aC
<br /> 4330 EAST BISMARK, GRAND ISLAND, NEHRASKA 68801
<br /> (Property Addresa)
<br /> The intecest rate stated on the Note is calted the "Notc Rate." Thc date of che Note is called thc
<br /> "Nao Date." I understand the L�:nder may transfer the Note, Security Instrument and this Rider.
<br /> Thc L.ender or unyone who takes the Note, the Secudty Instrument and this Rider by transfer end
<br /> who!s entitled to receive payments under the Nate is called the "Note Holder."
<br /> ADDTI'IONAG COVENAN75. In addition to the covenants and agreements in the Secudty
<br /> Insuurnent, Horrower and Lender further covenant and agree as follows (despite anything to the
<br /> contrary contained in the Security Instrument or the Note):
<br /> 1. CONDTI70NAL RIGHT TO RSFINANCE
<br /> At the maturity date of the Note and Security Instrument (the "Note Maturi[y Date"), I will be
<br /> nble to obtain a new loan ("New Loan") with a new Maturity Date of JANUAR7C 1 �
<br /> 202 9 ,(the "New Maturity Date") and with an interest rate equal to the "New Loan Rate"
<br /> detemuned in accordance with Section 3 below If all the conditions provided in Sections 2 and 5
<br /> t►elow aa rr�et (the "Conditional Ret►nancing uption�j. Ii ihosc wuJitiur►s ar� r�ct m.e:, I underst�^d
<br /> that the Note Holder is under no obligation to refinance the Note or to modify the Note, reset the
<br /> Note Rate, or extend the Note Maturity Date, and that I will have to repay the Note from my own
<br /> resources or find a lender willing to lend me the money to repay ths Note.
<br /> 2. CONDIfIONS 'PO OPTION
<br /> [f I want to exercise the Conditional Ret'inence Optlon at maturity,certain cundltions rnust be met
<br /> as of the Note Maturity Aate. These conditions are: (1) I must still be the owner and cecupant of
<br /> the property subjeet to the Security lnstrument (the "Property"):(2)t must be current in my monthly
<br /> payments and eannot have bcen more that 30 days late on any of the 12 scheduled monthly paymenta
<br /> Icrunedistely preceding the Note Maturity Date; (3) there are no liens, defects, or encumbrances
<br /> agilnst the Property, or olher adverse matters affecting title to the Property (except for taxes and
<br /> spacial essessments not yet due and payable) arising efter the Security Instrument was recorded; (4)
<br /> the Ncw Loan Rate cannot be mom than 5 perr.entage points above the Note Rate; and (S) I must
<br /> m�ke a written request to the Note Holder u provided in Section S below.
<br /> �. CAI.CULATING THS NEW IAAN RATE
<br /> The New Loan Rate will be a fixed rate of interest equul to the Federal Home Loan Mortgagc
<br /> Co�poratton's required net yield for 30-year fixed rate mortgages subject to a 60-day mandatory
<br /> deliverycommitment, plus one-half of one percentage polnt (O,S�f,),roundect to the nearest one-eighth
<br /> of one percentage point (0.12596) (the "New Loa�t Rate"). The required net yield shall be the
<br /> MUL•TLSI'ATg HAI,LppN pIDgR (RBFiNANCR}SIn61e Family-FH[�lC UNII�(11tM INSCRUMHN!' �'�3191 10190
<br /> oo,�. sy��,trc.i�m�aiw� Page 1 of 2
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