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<br /> BALL�QN RIDER 9Q" 1�1�-��
<br /> 4C0:'�DITIONAL RYGHT TO REFINANC�
<br /> � THIS BALLOON RIDER is made this .....�ST......... day of....MARQ�............ ... ......... ...... 19.9d....
<br /> - , and is incorponud ieto anC shall be d�med co amend artd supplement the Mart�age.Dead of Tnut or Deed w Secure Debt
<br /> ' (tht "Stcnri instYVrr.tat")af ths �nx dste ivea by tlst ut�dersigned(id�c••Borruurtr")tu s�curt.ihe Hanow�r's Note
<br /> to ......��t.�`.cls.�tozt��c�r._�:nR��ot��xx�.�............ .......................................................... c�e ••u�a��•,
<br /> of the same data and covering the property descrihed in the Security [nmument and located ar. ��
<br /> - 706 Z,1EST_GRAND AV�1I1�:,..CR�TU.ISI:AND: NE (8801 .. .........................:................................
<br /> ...... ........ . ....... ........ . . ....... ... ... .. ..... ............... �.
<br /> ' lPrCperry AdGsrscj � • '
<br /> � The incerctt race s�aced on the Noce i�caided the"Nae Rite.^The due of t��i��tec�e""S�rs�Due."I under.�a.z3
<br /> = che Lender may uansfer�he Nate.Securiry Instrument and this Rider.The I.ender or aciyoue sv�,-:a3cesitie Not�.the Sxu:��
<br /> Iasu�ment u�[hi�Rider by cransfer and wh�'ss entirlcd to receive paymenu under the I�oaa is called the '•Notc�i���e�'"
<br />— MDi7[o:vnL Cov�.tie.yTS. In addition to t1�e c�venants ub agraemerrts in the Su.uriay Iasreumeru.Bomowa aad Lender
<br /> fur�her coven�nt attd agree u foltows(de:pite�nything to the contrasv cantaitxd ia cltt S�rity Insuument or the Note}: �
<br /> i. CO:VDITTOP�iAL RIGHT TO ltEFIIVMTCE . �.
<br /> Ac the maturiry dace of the Nae ud Secunry Instrument(the '•Maauity Duc"tn�wa�be able co obuin a aew ico�..
<br /> ("New Lo�n")with a new Maturiry Due ot............ArP�2�L,••1��... •ZO�p...... ,.and..�:th an inte�at iate equal t�tP�e
<br /> •'New Naa Rate"dstermined in accordan�e with Section 3 beiow it al1 tlte eon�,a�s�vi�ed in Soctions 2 and S beta-•v
<br /> ue met(ths"Conditiaaal Refin�ncing OpRion").If those conditsau ara not mes.Fr�.aad�hu the Nara Holder is uAder
<br /> no obli�ation to refinance or modifj•the Nae.or to exeend the Maturity.gstb,and c��S a+ill bsve w reQay dte Not�frars
<br /> my own resoutces or find a lender willin�to lend me the mor�ey co repay the Noc�. .
<br /> � 2. CONDITIONS TO OPTiON
<br /> � If I want co exereise the CandiCronal Refintr►cing Option at matusiry,certain con�iu�a�,must be ma ss of d�e Maturin
<br /> Date. These conditions ue: (1) t must sWl be the owner and occup�nt of the propeety a�bject to tbe Security tnswmenc . �
<br /> (�he••Property"); (2)I musc be currenc in my mo�thly p�yments snd cannot hsve ban mdre than 30 days late on aay af . �
<br /> the 12 schedule.�monthly payments immedt�tely preceEin�the Matnriry D�te; (3)no Gen tplast the Ptoperry (exr.e�s foz -
<br /> taxes and special asussmenu not yet d�se and paytblc) aher than that of the Securiry Instrument may eAast;
<br /> (4)the New Nae Rate cannoe be more than S percentage poincs zbove the Nae Rue;and(S)1 must make a writte�rrqu:s: �
<br /> to che Note Holder as provided in �ecuon S belaw. _ .
<br /> ,1. GA).(:ULATING TH�NEW NOTE RATE ' .
<br /> Ttie New Nae Rate will be a fixed rste of interesc equ�l to the Federal National Mortg,s�AssociuioA's nquired rr:c ,� 4
<br /> yield for 3Q-ycar fiaed rate mortg��es subjoct to a 6Q-d�y manduory CelireFy commitmeat�pius ooe•half oF one percentage � ;
<br /> point (0.596>, round�d to the ntan.�t one-eifhth of one percenu:e point(0.113'�)(the"New Note Rate'•), The required _
<br /> na yiet0 stull be the applicabte nes yield in eKect on the dzte�0 time of clsy th�t�ht Note Holder raceives notice of my � -.
<br /> electian co exerrise the ConditiorW Retinaaein=Option.if ehis required net yiel4 i:not svaiLble.tbe Nae Hotder wili deur- '
<br /> mine �he New Nota Rate by usin�campuabte infarm�aon.
<br /> 4. CALCULATING'j7�NEW PAYII�.NT AMOUNT
<br /> Providod the New Note Rate as c,�lcul�tod in Sution 3 above is not�reuer tt►�n S percennge Qoincs above the Nos�
<br /> Race and aJl aher condiaom required in Section Z above ue suisfied,the Note Holder will determ��e de amount of ch: �
<br /> mon►hly payment that will be sufficient to�epry in ti�Il(a)the unpaid pdncipal.pius(D)accruod but�apa�id interest,pl�ss . ``
<br /> (c►all aher sums I will owe under�he Note�nd Security[nstrurivat oa the Matunry D�te(wuminf my r.so.nthly p�ymen2� .�,,' ,
<br /> thcn arc current.as rcquircd undcr.^seclion 2 abovc).over thc term aP thc New Nate at the New Nae Rate i:�equal montSziy . •
<br /> p�yments.The result of this calculation will be tAe�mount of my new principal aad intereu p�yment eve�,, �;on;1�until tht �
<br /> New Note is fi�lty p�id. � $
<br /> _ S. EXERCISING THE CONDITYONAL REFlNANCWG OP'�ON
<br /> The Nae Holder wiU naify me at taast 60 c�lend�r days in�dvance of the M�tutity t)ate and sdvise me of ttbe principal.
<br /> accrued but unpaid interest.�nd�11 aher sums!am expected co owe on the Muuriry Date.The Note Holder a�sa will advise
<br /> me that 1 m�y exercise�he Conditional Refinancin�Option if the condiaons in Stctian 2 abave are met.Tt�e!�'�rte Holde-
<br /> w�U provide my payment record informatioa,to�ether w►tl�the n�me.title in0 sddrcss of the person rcpteseatiug th:��.e
<br /> _ Hotder that I must naify in order co eacercise the Condition�{Refiiwicinj Optior�.It 1 n�eet tAe condidon�of Soetic�Q 2�asr�r,
<br /> 1 may ezercise the Conditional Refinancin�Opqon by notifyin�the Nae Hol6er no later th�n 45 c�lendu days gruc co c"r.:
<br /> M�turity D�te.'fhe Noce Holder wi!1 calculate t1�e fixed New Nae tt�te b�fo�!upan tNe Fedtral National Mortgab-�:A,ssoc:a-
<br /> , ' eion's applic�ble publlshed required net yield in effect on the d�te�nd tjnx ot d�y notifkation is received Ey the;�a;.c�fa'�.�:
<br />� and ts catculated in Section 3 above. I wi11 then have 30 cakndu dsys to provide ihe Nae Nolder with accepsY"Is�car�s
<br /> of my required owrtership, occup�ncy and proper[y lien status. Betore tM Mltturiry Datt tl�e Note Holder will�vise s:�:
<br /> oE the new interest r�te (che New Note Rate). new monthly payment amount�nd a daRe. tlmc and pl�ce at which ' muse
<br /> appear to sign any documents requsrcd to complete the required rtfinancin�. I undersUUid clRe Note Holder will chzsge r..e
<br /> - .a E250 processing fee and the costs usaciued with upd�ting t�e tide".insur�nQe policy. �f tny.
<br /> � BY Sf(1ylNG BELOw, Borrower accepts and agets to tht terms�nd cAvenanis conuined in this B�Ilaoa Rider. �
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