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ER (CONDITIONAL ALL REFINANCE) THIS BALLOON RIDER is made this 13th and fs incorporated into and shall bedeeme "i Deed of Trust, or Security Deed (the "Seotrrttj the undersigned (*Borrower ") to Chartered Bank 201802.432 LOAN #:12133286 day., of Apr1 2018 amend and supplement ;the Mortgage, trumerit") of the same date given by s Note " to Exchange Bank "a State ( "Lender") of" thre same date and covering the property described in the Security Instrument and located at: 4029 Reed Rd, Grand Island, NE _ 03. 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,,Securlt Instru- ment., and this Rider. Lender or anyone who takes the Note, the Security Iris merit, and this Rider b " transfer and who is entitled to receive`payrrents under the `Note is called the "Note; older = ?' ADDITIONAL COVENANTS. In addition to the covenants and agreements in the Security instrument, Borrower and Lenderfurther covenant and agree as "follows (despite anything to the contrary contained in the Security Instrument or the Note): 1. CONDITIONAL RIGHT TO REFINANCE At the Maturity Date of the Note and Security Instrument (the "Maturity Date"), I will be able to obtain a new loan ("New Loan ") with a new Maturity Date of May 1, 2043 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 myy own resources or find " 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 o o the property" subject to the Security Instrument (the "Property"); (b) I must be current in my monthly payments and cannot have been more than 30 days late on any ofthe 12 scheduled monthly payments immediately preceding the Maturity Date; (c) the New Note Rate cannot be more than five p ercentacge points above the Note Rate; and d) 1 must make a written request to the N ote Note as provided in Section 5 below. . CALCULATING THE NEW 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 50 -day mandatory delivery commitment, plus " ZERO percentage. point(s) ( 0.000 % ), rounded to the nearest one - eighth of one percentage point (1.125 %) (the 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 Option. If this required net yield is riot, available, the Note Holder will determine the New Note Rate by usin corn�parable information. 4. 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 principl plus (b) accrue nteresfi unpaid i plus (c) all other sums will owe un the a N ote an dd Secur Instrument on the M aturity 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 principal and interest p a p ayment 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 I am expected to owe on the Maturity Date. The Note Holder also will advise me that I may exercise the Conditional Refinancing Option if the conditions in Section 2 above are met. The Note Holder will provide my payment record information, to ether with the name, title, and address of the person representing the Note Holder a 1 roust Initials J MULTISTATE BALLOON RIDER - Single Family- Fannie Mae Uniform Instrument Form 3180 1101 (rev. 9101) Ellie Mae, Inc. Page 1 of 2 F3180BLR 0412 F3180BLL(CLS) 04/12/2018 12 :12 PM PST