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BALLOON RIDER (CONDITIONAL RIGHT TO REFINANCE) THIS BALLOON RIDER is made this 23rd and i8 incorporated into and a bedeeed to, Deed of Trust, or Security Dent ltieSecu th Undersigned ..( "Br rrower") to secure Sorrovl Chartered Bank Ellie Mae, Inc. Page 1 of 2 201705736 LOAN #: 012132129 day of Atisust, 2017 " d suppplementthe Mo rtg r1t").of die same date given by ote to Exchange Beek,: a state ("Lender" ) of the same dad and.' vering the property described in the Security Instrument art located at: 14041t1 :JON n et 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 lnstru- rnent and this Rider Lender or anyone who takes the Note, the Security Instrument,'. end 'this Rider by and who is entitled to receive payments under the Note is called the "Note Bolder." ADDITIONAL COVENANTS. In addition to the covenants and agreements in the Security Instrument, Borrower and Lender further covenant and agree as follows (despite anything o the contrary contained in the Security Instrument or the Note): 1. CO RIGHT TO REFINANCE At the Maturity Date of the Note and Security instrument (the "Maturity Date"),1 will be able to obtain a new loan ( "New Loan ") with a new Maturity Date of Se tember 1, 2042 and with an interest rate equal to the "New Note Rate" determined in accordance with Section 3 below if all the conditions provided in Sec- tion 2 and 5 below are met (the "Conditional Refinancing Option "). If those conditions are not met, I understand that the Note Holder is under no obligation to refinance or modify the Note, or to extend the Maturity Date, and that I will have to repay the Note from my own resources or find a lender willing to lend me the money to repay the Note. 2. CONDITIONS TO OPTION If I want to exercise the Conditional Refinancing Option at maturity, certain condi- 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) I must be current in my monthly p a y ments and cannot have been more than 30 days late on any of 12 scheduled mon " ly payments immediately preceding the Maturity Date; (c) the New Note Rate cannot be more than five percentage points above the Note Rate: and (d) I must make a written request to the Note Holder as provided in Section 5 below. 3. CALCULATING THE NeN NOTE RATE The New Note Rate will be a fixed rate of interest equa f o Fannie Mae's required net yield for 30 -year fixed -rate mortgages subject to a 60 - day mandatory. delivery commitment, plus ZERO percentage point(s) ( 0.000 % ), rounded to the nearest one - eighth of one percentage point (0.125 %) ( New Note Rate "). The required net yield shall be the applicable net yield in effect on the date and time of day that the Note Holder receives notice of my election to exercise the Conditional Refinanc- ing Opption. If this required net yield is not available, the Note Holder will determine the by � p New Note °Rate,b using arable information. THE com 4. CALCULATING TH NEW PAYM Provided the New Note Rate as calculated in Section 3 above is not greater than five percentage points above the Nate Rate an 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 repay in full (a) t unpaid principal plus (b) accr but unpaid interest plu (c a ll ot her sum 1 will ow under the Note and Security Instrument on the Maturity Date (assumingg my monthly payments then are current, as re rn q al mont undehl r Sectipa 2 above), over the term of the New Note at the New Note Rate ion wil rincipal and inerest..ppa merit every month until the New Note is fully paid. . EXERCISING THE CONDITIONAL REFINANCING O eats. The result of this calculat P TIObe N the amount of my new The Note Holder will notify me at lea t 60 ca en in a ice of the Maturity Date and advise me of the principsl, ac:rued N id inte rest, and all other sums I am expeded to owe on the Maturity Date. The Note Holder also will advise me that l may exercise the Conditional Refinancing Option if the conditioris in Section 2 above are met. The Note Holder will provide my payment record ion, together with the name, title, and address of the person representing the Note Holder that 1 must initials. , V `l am MULTISTATE BALLOON RIDER-Single Family-Fannie Mae Uniform Instrument Form 3180 01 (rev. 9/01) F3180BLR 0412 F3180BLL (CLS) 08/22/2017 01'56 PM PST