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Ellie Mae, Inc, Page 1 of 2 201708153 LOAN #: 012132559 BALLOON RIDER (CONDITIONAL RIGHT TO REFINANCE) THIS BALLOON RIDER is made this 29th day of Nav ember, 2 0 17 and is incorporated into an shall be: deemed to amend and sup; p Mortgage, peed of Trust pr S D eed ( the Security Instrument") of ti sa d ate givenby th .undersig ed ` b orrower ") to set secure Borrower s „Note "to Exchange Bank, a State Chartered Bank ( "Lender") of the same date and.co'vering the op Ay described in the Security Instrument and !boated at: 4027W Capital Ave Ste. 10,"Grand island, NE 68803. 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 l nstru- refbt and: this Rider Lender or anyone who takes the Note, the Security ins meat, rid ""tris Rider b transfer and who is entitled to receive" payments under the Note is called the�"Note Holder," ADDITIONAL COVENANTS In addition to the covenants and agreements in the Secun1nstrument Borrow' er and Lenderfurther covenant and "agree asfollows (despite to the contra : contained in the Security Instrument or the Note): CONDITIONAL RIGHT TOREFINANCE At the Maturity Date of the and Security Instrument (the "Maturity Date "), I will be able to obtain a new loan ("New Loan") with a new Maturity Date of December 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 1 will have to repay the Note from my own resources or find a lender willing to lend me the money to repay the Note. . 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 wner of the property subject to the Securitio Security Instrument (the "Property "), (b) I must be urrent in my monthly pa and canno have been more than 30 days late on any of 12 scheduled monthly payments immediately preceding the Maturity Date; (c) the New Note Rate cannot be more than five " ercentaga points above the Note Rate and 1) I must make a written request to the Note Holder as provided in Section 5 below. 3. C THE NEW NOTE RATE The New Note Rate will be a fixed rate of interest equal to Fannie Mae's required net ield for 30 -year fixed -rate mortgages subject to a 60-day mandatory delivery commitment, points' ( 0.000 % ), rounded lus ZERO percentage neairest one - eighth of. one percentage point 0 .1.25 %) (the "New Note ate "). The .quired net yi d shall fie the applicable net yield in effect en the date and lime of day that the Note Holder receves ntice y electo exercise the financ- mg Opti " on. If this required i net yie is m not avail a exerc Note Holder will Conditional Re determine the lew Note Rate by usint comparable information. .. CALCULATING THE NEW 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 repay in -full (a) the unpaid principal, plus (b) accrued ut unpaid interest, plus (c) all other sums I will owe under the Note and Security Instrument on the Maturity Date (assuming my monthly payments then are current, as required under Section 2 above) over the term of the New Note at the New Note Rate in equal monthly payments. The result of this calculation will be the amount of my new ihcipal and in a ent every month until the New Note is fully paid. EXERCISING TH C ONDITIONAL 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, accrue but unpaid interest, and alt other sums l am expected to owe on Maturity Date. T he Note Holder also will advise me that 1 may exercise the Conditional Refinancing Option if the conditions in Section 2 above are met. The Note Holder will provide my payment record information, together wit the name, title, and address of the person representing the Note Holder Ili- rn 4/ -41 MULTISTATE BALLOON RIDER - Single Family- Fannie Mae Uniform Instrument Form 3180 1/01 (rev. 9 Initials .y F3180BLR 0412 F3180BLL (CLS) 11/29/2017 08:55 AM PST