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201708221 LOAN #: 012132659 BALLOON RIDER (CONDITIONAL RIGHT TO REFINANCE) THIS BALLOON RIDER is made this 1st day of December.2017 and is incorporated into and shall be " deemed - to amend and supplement the Mortgage Deed of Trust, or Security Deed (the " "Security Instrument") of 'the same-date given bby the undersigned ("Borrower ") to secure Borrower's Note to Exchange Bank, a State Chartered Bank ( "Lerner ") of the same date."and covering the property des in the Security Instrument and located at: 1820:N Hancock Ave, Grand Island, NE 66603. 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, Sec" '�y instru - -- ment and thre Rider Lender or anyone who takes the Note, the Security Instrument, ear by transfer and who is entitled to receive payments under the Note is et flte "Note older :,_ ADDITIONAL COVENANTS In addition to the covenants and agreements in the Seaantylnstrument ,BorgowerandLenderfur der ovenant " andagreeasfollows(despite anything to the. ntra contained to ttfa S ecurity Instru ment or the Note): I. CO CONDITIONAL RIGHT TO REFINANCE At the Maturity Date of the Note and Security Instrument (the "Maturity Date "), I wit be able to >obtain.a new loan ("New Loan ") with a new Matunty.Date" of June 1, 2018 and with an in rate equal to, the "New Note Rate" determined in accordance with Section 3 b elow if all the conditions provided in Sec- tion 2 and 5 below are met ( the "Conditional Refinancing Option "). If those cond i t ions are not met 1 understand that the Note Holder is under no "obligation to refinance or modify the Note, or to extend the Maturity Da te, and that I will have. to repay the Note from my own resources or firm a letlrler w ill in g to lend me the money to repay the Note, 2. COI.IDITIOi4S <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 pa ments and c anno have been more than 34 days late on any of the 12 scheduled monthly 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 req�u�est to the Note Holder as provided in Section 5 below. 3. CALCULATING THE NEVI <NOTE` RATE The New Note Rate will be a fixed rate of interest equal to Fannie Mae's required net yield for 30-year fixed-rate mortgages subject to a 60 -day mandatory de commitment plus ZERO ntage points} (0.ounde to the nearest o ne - e of one percentage p oi n r t ((3.125 %) (the "New 000 % Note ma t perce e "). The required nef ' field shall be the applicable ne yield in effect on the date and ti me of d ay that the Note Holder receives notice of my election to exercise the Conditional Refinanc- ing Option. If this required net yield is not available, the Note Holder will determine the New Note Rate y. usin comparable Information. r4. CALCULATING TN N PAYMENT AMOUNT Provided the New Note Rate as calculated in Section 3 above is not greater than five per centage 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 ,p sufficient to repay in full (a the unpaid principal, plus (b) accrued but unpaid interest lus (c all of der sums l will owe under the Note and Security nstr on the Maturity Date (assuming my monthly payments then are current, as . required under Section 2 above), over the of the New Note at the New Note Rate n equal moathl.y,payments. The result of this calculation will be the amount of my new p rincipal and in erest pa ment every month until the New Note is fully paid. 5. EXERCISING THE CONDITIONAL 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 all other sums am expected to owe on the Maturity Date. The Note Holder also will advise me that l ma exercise the Conditional Refinancing Option if the conditions in Section 2 above are met. The Note Holder will provide my payment record information, together with the name, title, and address of the person representing the Note Holder that I mu t Initials - MULTISTATE BALLOON RIDER - Single Family- Fannie Mae Uniform Instrument Form 3180 1/01 (rev. s i Ellie Mae, Inc. Page 1 of 2 F F3 80BLR (041) 11/30/2017 08 :43 AM PST