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LOAN #: 12133993 BALLOON RIDER (CONDITIONAL RIGHT TO REFINANCE) THIS BALLOON RIDER is made this 7th day of September, 2018 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 by the undersigned ( "Borrower ") to secure Borrower's Note to Exchange Bank, a State Chartered Bank ("Lender') of the same date and covering the property described in the Security Instrument and located at: 1107 S Cherry St Grand Island, NE 88801. 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 ment and this Rider. Lender or anyone who takes the Note, the Security Instrument, and this Rider by 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 Security Instrument, Borrower and Lenderfurther covenant and agree as follows (despite anythingg to the contra 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 ab to o btain a new loan ( "New Loan ") with a new Maturity Date of Octob 1, 20 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 payments and cannot have been more than 30 days late on any of the 1 2 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 3 d) I must make a written request to the Note Holder 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 60-day mandatory delivery commitment, ZERO percentage point(s) (0.000 % , rounded to t he nearest one - eighth of one percentage paint (0.125 %) (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 not available, the Note Holder will determine the New Note Rate by using comparable 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 pa ment that will be sufficient to repay in full a) the unpaid principal, plus (b) accrued but unpaid interest, plus (c) all oth I er sums will owe under the Note an d 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 principal and interest payment 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 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, together with the name, title, and address of the person representing the Note Holder th • t„ j m t Initials: MULTISTATE BALLOON RIDER - Single Family- Fannie Mae Uniform Instrument Form 3180 1/01 (rev. 9/ Ellie Mae, Inc. Page 1 of 2 R F31 OB (041) 09/06/2018 10 :02 AM PST 201805912