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202402326
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Last modified
5/24/2024 3:47:01 PM
Creation date
5/24/2024 3:43:13 PM
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DEEDS
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202402326
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202402326 <br />LOAN #: 2307001167 <br />BALLOON RIDER <br />THIS BALLOON RIDER is made this 24th day of May, 2024, <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, <br />Deed of Trust, or Security Deed (the "Security Instrument") of the same date given by <br />the undersigned ("Borrower") to secure Borrower's Note to Pathway Bank, a Banking <br />Corporation <br />("Lender") <br />of the same date and covering the property described in the Security Instrument and <br />located at: 502 Said St <br />Cairo, NE 68824 <br />The interest rate stated on the Note is called the "Note Rate." The date of the Note <br />is called the "Note Date." I understand Lender may transfer the Note, Security Instru- <br />ment, and this Rider. Lender or anyone who takes the Note, the Security Instrument, <br />and this Rider by transfer and who is entitled to receive payments under the Note is <br />called the "Note Holder." <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements in the <br />Security Instrument, Borrower and Lender further covenant and agree as follows (de- <br />spite anything to the contrary contained in the Security Instrument or the Note): <br />1. BALLOON PAYMENT: <br />THIS LOAN IS PAYABLE IN FULLATTHE END OF 7 YEARS . <br />BORROWER MUST REPAY THE ENTIRE PRINCIPAL BALANCE OF THE LOAN <br />AND THE UNPAID INTERESTTHEN DUE. THE LENDER IS UNDER NO OBLIGATION <br />TO REFINANCE THE LOAN AT THAT TIME. BORROWER WILL THEREFORE <br />BE REQUIRED TO MAKE PAYMENT OUT OF OTHER ASSETS BORROWER <br />MAY OWN, OR BORROWER WILL HAVE TO FIND A LENDER, WHICH MAY BE <br />THE LENDER BORROWER HAS THIS LOAN WITH, WILLING TO LEND <br />BORROWER THE MONEY. IF BORROWER REFINANCES THIS LOAN AT <br />MATURITY, BORROWER MAY HAVE TO PAY SOME OR ALL CLOSING <br />COSTS NORMALLY ASSOCIATED WITH A NEW LOAN, EVEN IF BORROWER <br />OBTAINS REFINANCING FROM THE SAME LENDER. <br />2. NOTICE OF MATURITY: <br />At least ninety (90) but not more than one hundred twenty (120) days prior to the <br />Maturity Date, Lender must send Borrower a notice which states the Maturity Date <br />(assuming all scheduled regular monthly payments due the date of the noticed the <br />Maturity Date are made on time). <br />ICE Mortgage Technology, Inc. Page 1 of 2 <br />Initial <br />P03508RDU 1012 <br />P03508RLU (CLS) <br />05/24/2024 07:08 AM PST <br />
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