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BALLOON RIDER (CONDITIONAL RIGHT TO REFINANCE) THIS BALLOON RIDER is made this 2 day of Ju , 17 anti is incs r into and shalt bedeemed to "amendand supplement:the Mortgage, Deed of Tru st, or "S ecurity wed (tie ��e Instrul titer t') of the saute date gwen by th "un en gn d ;( Borrower ") ; to secure Borrower's Note Exchange Bank, a State Chartered Bank ( "Ur") ofthe same date and covering' the property described in the Security Instrument located at: 408 E Nebraska Street, Grand Island, NE 68801. The interest rate stated on the Note is called the "Note Rate." The date of the Note is called the "Note Date." I understand Lender may transfer the Note, Security Instru- meat orals Ri r. Lend or anyone wentitled takes the Note, the Security Instrument, sled th Rid by transfer and who is t to receive payments under the Note is called the is "N oteold "` ADDITIONAL COVENANTS. In addition to the covenants and agreements i the S Borrower end "Lenderfurther covenant and agree as follows (despite anythin to the contra contained in the Security instrument or the Note): 1. CONDITIONAL RIGHT TO REFINANCE Mkt the M aturity Date? of the Note end Security Instrument (the "Maturity Date") ,1 wi be t o "a new loan New Loan') with "a new aturlty Date `of August 1, o 20 t and ' interest rate equal to the "New Note Rate" determined in accordance with Section an 3 be l o w if air the conditions provided in Sec tion 2 and 5 below are met (the "Coritfitional Refinancing n "), Ifthose conditions are not met, I understand that the Mote "Helder i under "no of ligatio to refinance or modify rile Nate, or to extend the Maturity Date, and that 1 Opti will have to repay the Note from m own resou rces or nd lender. willin to lend me the money to repay the Not e♦ . CONDITIONS TO OPTION If I want to exercise the Conditional Refinancing Option at maturit r, n main condl tions must be met as of the Maturity' Date. These conditions are: (a) i must still be the owner of the property subject to the Security Instrument (the "Property "): (b) 1 must be curren in my monthly payments and canno have been more than 30 days ate on any ofthe 1 2 sc moat hly payments immediately preceding the Maturity Rater (c) the New Note Rate.cannot "be more .thari five percentage points above the Note Rate and d I must snake a written re to the ore Hold eras provided in Section 5 be eow. CALCULATING N E W NOTE plus RATE The New Note Rate will b e a fixed rate of interest equal to Fannie Mae's required net yield for 3tkyear fixed -rate mortgages subject to a 60-day mandatory delive commi neat, ZERO percentage dints tr.000 % , rounded to the nearest one- eighth of anti percentage point (, ."1 5' 0 } (he New Note ate'). The required net yield s be the app li ca ble net yield In affe on the data and tune of day that the Note Holder receives notice of my .election to exercise the Conditional Refinanc- ing t7 lion. if this required net yield is not available, the Note Holder will determine the New Note`Rate b�yy usin c�-c Information. 4. CALCULATING ;I NE W PAYMENT AMOUNT Provided the New Note Rate as calculated in Section 3 above is not greater than five percentage points above the Note Rate and all other conditions required in Sec tion 2 above are satisfied, the Note Holder will determine the amount of the monthly payment that will be sufficient to re ay in full (a) the unpaid principal, plus (b accrued but unpaid interest plus ( c) all other sums 1 will owe under the Note and Security Instrument on the Maturity Dat (assuming my monthly payments then are current, as required under Section 2 above) over the term e Note at the New Note Rats in equal mo of New nand th) payments. Th result of this calculation will be the new nncipal merest payment every month until the New Note is fully paid. . EXEERCISIN+G THE CONDIT REFINANCING OPTION The Note Holder will notify me at least 60 calendar days in advance of the Maturity Date and advise me of the principal, accrued but unpaid Interest, and amount all other sums am `expected to owe ort the Maturity Dale. The Note Holder also will advise me that I may exercise the Conditional Re#inancing?ption if the conditions in Section 2 o are met. The Note Holder will provide my payment record information, together with the name, title, and address o the person a representing the Note Holder ht l must Initia MULTISTATE BALLOON RIDER - Single Family- Fannie Mae Uniform Instrument Form 3180 1101 ( re v . 9 101) Ellie Mae, Inc. Page 1 of 2 201705102 LOAN #: 012132014 F3180BLR 0412 F3180BLL (CLS) 07/27(2017 10:20 AM PST