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200002416
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Last modified
10/13/2011 11:28:45 AM
Creation date
10/20/2005 8:03:42 PM
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DEEDS
Inst Number
200002416
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200002416 <br />LOAN #s <br />Balloon Rider <br />THIS BALLOON RIDER is made this 18TH day of MARCH, 2000 and is <br />incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the <br />"Security Instrument ") of the same date given by the undersigned ("Borrower") to secure Borrower's Note (the <br />"Note ")to NORTH COUNTY REAL ESTATE, INC. dba HMC FUNDING, A CALIFORNIA <br />CORPORATION <br />(the "Lender ") of the same date and covering the property described in the Security Instrument and located at <br />407 WEST AVENUE <br />GRAND ISLAND, NE 68803 <br />The interest rate stated on the Note is called the "Note Rate. " The date of the Note is called the "Note Date. " <br />Borrower understands the Lender may transfer the Note, Security Instrument and this Rider. The Lender or anyone <br />who takes the Note, the Security Instrument and this Rider by transfer and who is entitled to receive payments under <br />the Note is called the "Note Holder." <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements in the Security Instrument, <br />Borrower and Lender further covenant and agree as follows (despite anything to the contrary contained in the <br />Security Instrument or the Note): <br />THIS LOAN IS PAYABLE IN FULL AT MATURITY. BORROWER MUST REPAY THE ENTIRE <br />PRINCIPAL BALANCE OF THE LOAN AND UNPAID INTEREST THEN DUE. THE LENDER IS <br />UNDER NO OBLIGATION TO REFINANCE THE LOAN AT THAT TIME. BORROWER WILL, <br />THEREFORE, BE REQUIRED TO MAKE PAYMENT OUT OF OTHER ASSETS THAT BORROWER <br />MAY OWN, OR BORROWER WILL HAVE TO FIND A LENDER, WHICH MAY BE THE LENDER <br />BORROWER HAS THIS LOAN WITH, WILLING TO LEND BORROWER THE MONEY. IF <br />BORROWER REFINANCES THIS LOAN AT MATURITY, BORROWER MAY HAVE TO PAY SOME <br />OR ALL OF THE CLOSING COSTS NORMALLY ASSOCIATED WITH A NEW LOAN EVEN IF <br />BORROWER OBTAINS REFINANCING FROM THE SAME LENDER <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in the Balloon Rider. <br />THOMAS E. DEXT SHERYL t. DEXTER <br />Balloon Rider Multistate Second Balloon Program IMS #41(2/12/96) HP116 I502BLR 712 <br />
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