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20000454 LOAN #: 2989413 by the same amount added by Lender for such lender -paid mortgage insurance at the time my loan was first originated; provided, however, that my Reduced Interest Rate shall never be higher than the interest rate in effect immediately prior to the Notice Date. I can ascertain the Index each day by contacting the Note Holder. (D) Option to Extend the Maturity Date. If I exercise my Rate Reduction Option, I may also elect to extend the term of the Note. In order to do so, I must give notice to the Note Holder at the same time, and in the same manner, that I give notice of my election to exercise my Rate Reduction Option. If my original term was 30 years, I may extend my term for any period ending no later than the earlier of (i) 30 years from the Notice Date or (ii) 40 years from the date of the original Note. If my original term was 15 years, I may extend my term for any period ending no later than the earlier of (i) 15 years from the Notice Date or (ii) 25 years from the date of the original Note. In accordance with the terms herein, my Maturity Date may be extended up to 10 years after J u n e 1, 2 0 3 0 (E) New Payment Amount and Effective Date. If I exercise the Rate Reduction Option, the Note Holder will determine the amount of the monthly payment that would be sufficient to repay the unpaid principal, including any advances, I am expected to owe on the Rate Reduction Date in full on the Maturity Date (as it may be extended) at my Reduced Interest Rate in substantially equal payments. The result of this calculation will be my "New Payment Amount." The due date of my next monthly payment following the Rate Reduction Date is my "New Payment Date." I will pay the New Payment Amount as my monthly payment on and from the New Payment Date until the Maturity Date (as it may be extended) or until the next New Payment Date if again exercise the Rate Reduction Option. B. FUTURE ADVANCES FOR POINTS PAID IN CONNECTION WITH THE RATE REDUCTION OPTION NOTICE: THE SECURITY INSTRUMENT SECURES FUTURE ADVANCES AND IS A FUTURE ADVANCE MORTGAGE OR DEED OF TRUST Any and all Future Advances shall be secured by the Property in accordance with the terms of the Security Instrument, whether advanced as of the date hereof or in the future, together with such other expenditures by the Note Holder made in accordance with the Security Instrument, all just as if each Future Advance was made on the date of the Security Instrument. The maximum aggregate outstanding amount of principal to be secured by the Security Instrument at an one time shall be ONE HUNDRED THOUSAND ONE HUNDRED TWENTY FIVE and 00 /10y0 not including such other expenditures by the Note Holder made in accordance with the Security Instrument. Loans and advances up to this amount, together with interest, are senior to indebtedness to other creditors under subsequently created, recorded or filed security instruments and other liens. If the Property is in the State of Nevada, then this Security Instrument is governed by N.R.S. 106.300 to 106.400 inclusive. CONV nifialsl( "tt 0 RATE REDUCTION OPTION RIDER 1 U5243XX (11/99) Page 3 of 4