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<br /> _ _ BALLOON RIDER —
<br /> (CONDI'fIONAL RI(�RI'TO RF.�NANCE)
<br /> TNIS BALtAON RiDHR�s made t61e 09 dey of AUGII$T - —
<br /> 1993 ,�od U I�arpontcd into�od ihdl be damod ro amend�nd aupplemea�iho Mong+ge,Dcod of 7Yust _
<br /> = oi Dad lo Securo Debt(the "Sec�u��t�l�y[nstmmenC)of tfie ame daro gtvrn by�ha undenigncd(the"Bortowcr'9 i
<br /> . - '" NORNEST HORTGAGE. INC.
<br /> to�auro We Bo[rowaPa Nae w
<br /> ...
<br /> - (�he'I.ender')
<br /> _ _, ot Ihe w�M Mte Yad covering I�e properry descri6ed in the Secudry Inslmment end Iacated at: �__�_
<br /> iais srnr�coAC+� Roao '�{—
<br /> c�a�+o tsuwo . Ne seeoi �=�-� -=-
<br /> W�xro naaR:sl ��`"--
<br /> '@n Interest tato stetod on Wo Note is called 0n "Nota Rate.' '@e date ot tho Notc la catled�Ae "Note �-"�"�`
<br /> - � "'_--
<br /> DYe."!undennad tha I.eoder may tnnsfer U�e Noio,Saurity Inswraent end thie Alder.7Le I.eoder or anyone `--_--
<br /> - who alcw t�a Noro, the Saudry Inswmem e¢d�hlf Rlder by um�fcr md who is eaqelcd ro ttatve payments `�,�:�:._.
<br /> unEer�ha Nota le cailcd�he"Nom Hoider." °
<br /> ADD1T[ONAI.COVEMA.NTB• N addiifon to the wveo�ou and agrcemems in�Le Securiry Iosttument, ;-'"'
<br /> Bo[mwer md Lender Ponher covrnmt eod agree u foliowa (drspiro enyihing ro the coutcary coa[aLKd in tho �- -
<br /> Saudty Ina�rvment or�he Naro): `�:`;'�'
<br /> _,-
<br /> ;::.�.
<br /> 1.CONDIT[ONAL RIflRT TO R8[�IANCE �r", =i, -
<br /> At Uio mawdty daee of�he Nota�nd Sowr6y[nsnumeat(�Le"M�tudry Uate"), t wID bo abfe�o obtain e
<br /> -�F�+�'°s� aew toan C'New Loan")wiU�e new Afetudry Date ot SEPTEMBER 1ST 2023 ,end wtth ��t,y ti'.�,;:,
<br /> r�fi,
<br /> -� ao interest nte equd to t6e"New Nole Raro"dete[mlacd in accordanw wlld Section 3 below if all tho conditians :i)�`,��;��
<br /> ,� _;�� provlded in Sectlom 2 and S bel¢r�ero me� (�ho"Conditlonal Refivancing Optlon"). If those condiNons ere not '�`°,:t" t -.-=
<br /> met,1 unleStud U�at Ura Note Holder Is uMer no obllgitloa to rcMaoco or aadify tLe Noto,or ro extend tLe ' - '
<br /> �"�, ' - M�mdi Date,and Wat 1 will hevo ro rapay t6e Nate from my own resouroes or find a Iwdcr willing to lend me ��'ti
<br /> , Y �� ,
<br /> *i r�� tLe money a repay t6o Na�e. �fl � ��
<br /> n „tii. 2.CO.YDTT[ON9 TO OPf[ON � �{ j`l ����
<br /> , *;� [t I wanl to exerciw the Condit ion a l Re fioanc in O pi ion a t m�w d ty a rt a l n c o n d l N o n s m u s�b o m e t a+o t�L e
<br /> 41ehu:�°D•:e. �qMltlors an• n��muu at�l 6e ihe o�mer en�occuPaot of the Property subJect to tho ; ..:s
<br /> ` ,�,f Sewd ryv(nsttument pho"Prope�ty'); t1 I m�u16e curnnt In my monWy piymmta end caanot navo cern mom � ,tr-i � ... .
<br /> " _-y 3. Na¢36 day�lata on any ot the IZ xEedu�ed monT�ly paymente ImmeAiately pmeding tho Maturity Date;(3)no � -- /,
<br /> ",_ Ilm¢gainci�he Propc�ty(exapt for ta�ea ands�ecial assessmenu not yn due avd payable)a�her thao�hr�ot tl�o K�"�� ,�
<br /> -,�.�ti.�:,:;h Saunry Inatrument[nay exist:.(4)tLe new Notc Rete wonot be more chan 5 pecani�qs polnta sbova the Note bs:::�;�;..' -
<br /> - �...;<� R��r,ond(5)1 roust make a wnuen wnrryuest lo tht Note Holder as provided In Satiion 5 6eIrnv. �S�yi(y„�;.2;y�:�`•;•--
<br /> I�. 1�:5
<br /> r=-; 3.CALCULA77N6 TRE NEW NO'fE RATE ��,r::: � t � -.
<br /> , - . 'fhe New Noto Reto will be e flxed rete ci iaterestequal to the Federol Nadonel Mongngo Assocla�Iode , ,� _
<br /> ° ; requlred net ylcid tor 30•year flxed rete mort eg:s subjtct to e 60�day manda�ory detivery commi�m:n� plus � , --
<br /> , <E one•halt of ono percemega polnt`0.5'F)�rounde�d w the neares�one•eigh�h of onopercemagopoint(0.123%}pho ��}�j1; � r ,`-
<br /> ,j New Nme Reto").'Iho rcqutnd n�y�eid shall6e the eppllcabie net yicld In efkct on tha de�e and�Imo otdn➢ . � _
<br /> that the Note Noldcr receives notix of my clealon to excreiu �he Condiqanal Refwancing Option. If�h(s _ . �
<br /> `�i� ruNired ne� yleid ie aot avallablc, tba Note Nolder will detcrtnine tho Ncw Notc Ratc Ay using comparablo . -�. s .?,
<br /> ;_:�� IuCOrtnoNon. (_,, ' . ..`�i
<br /> �-i 4.CALCULATQdG�NEW PAYf�M'MSOUN7' f . ' "��.
<br /> + Prov3ded�hc New No�c Retc as calcuteted te Seetion 3 above is not grcater�han S percent�gopoInta above , - (" '�� ` �•
<br /> ti � - - the Note Reto end ell other coodifiom requirW in SecUon 2 above are setisfied,t6c No�e Holder will dctemiinc
<br /> � �h e e m o u n t o f�h e monthl y paynxnt Uiat wlll be sufflcieot ro repay In PoII (a)�ho uupald �incipal, plus (b) t , '--
<br /> J - earuc4 but un paid io�ercs6 P r <) �Y - ', .
<br /> us c all other eum�I wiii owc under the Note and Sawl fostrv�r.en t on�he
<br /> t, i, Mamrit Da�e(essuming my moniNy payments�hen nre current, as requlrcd under Sectiun 2 above), over @e . :� �
<br /> r te�m ofihe Ncw Notc ef�hc Ne�v Note Re�c in equal monthiy paymeme.The rault of�his calculation will be tl�o � � ,
<br /> --_ �; amount of my new pdncipai end iourest paymem every montli umil the New No�e is Nily paid. " � �•
<br /> lT , _ ,�
<br /> � - ; S.EXERCISINGTRLCONDI710NALItEFWANCIMCOPT[ON _:� � j � t-�'
<br /> TAo Noto Holder will noNfy ine at Icazt 60 calcndar days in advance o(the Matucity Date and edvisc mc of y- . ,s�
<br /> --� �i �hc principal, eamed bm unpaid interest, end all o�hcr sunu I am expocted to owe on the Matudq Data'Ibc _
<br /> Note Hoider also will adviu me �hat I maY cxercise thc Condhional Refinandng Option if the conditioas in , „ �
<br /> ; -� Section 2 ebove erc mec.7fic Note Hotder will provido my vayment raord intormadon,togc�her wiih t6c namc �
<br /> tiile and addresa of thcpc rson rcpresenting�he Notc Holder iha�1 must noti(y in order to exercisc�he Couditionn� --
<br />- -,i':!, `�c2 Refinancing Option. If 1 meet �l�e conditlons of SecQon 2 ebove, I may exereiu �he Conditionel Refmancing • . -
<br /> � ;,, Optlon by no�ir ing�c Nmc Holdcr no latcr�hen 4S catcndar days Grior w�hc Maturity Datc.7Lc No[e Hotdcr
<br /> k#r y� x�il calcuiate �e fixed New Nom Rete bazed upon the Federel Naiional Mottgage Assoeletiode applicable . .
<br /> n F?p� publiehed requlrod net yicld'v�effat on the da�e nr.d time of day noUfiwUon is roceived by�he Note Itofder end - �
<br />_-;S;S���,YY.��K as cafeulatcd in Sec�fon 3 above. 1 will theo have 30 catendxr d��e to ptovidc thc Notc Holdcr with acccptablc �
<br /> ,��r��;��',;. praot ot.my required ownen6ip, oocupanry xnd vropeny lien sta us. Before tM Memrity Date the Note Holder ',}•,:. .
<br />.,+i{��:�{r 5�,.;�;� �vill adv�u me of�he r.ew imcrest mte(the Rew Note Rate), new mon�hly paymeot emouot and a da[c,�ime and �
<br />�_«:,,r•r���.t;:y plxee at which i mus�aPpear to sigo a�y documeme requiretl �o complete t6e requlrcd rcfinaneing. 1 understand .
<br /> �'" Nc Note Holdcr will charge mc a 5136 processing fec and the cosu e iated�vith upduing ihe title insurana -
<br /> :-,9:!';y;,
<br /> .�-��`-: ;�,�;; poliey�itany.
<br /> � - -' BY SIGNING DL•IAW, Qortou�cr aaepts and agrca to � tc :uK1 c �•enants contained ia Uiis Dalloon �;;•` � � .
<br /> ' - - - Rider. /. k' . . -
<br /> � _(Scal) 7� (Scal> �;�� ':•
<br /> f�_.__ __ .
<br /> - ' - -- -oo�..v ROBERT A. MEYE� �m�owe. --
<br /> , (Scal) (Scal) i"�'t
<br />� p.. � -BOfm�rer -�ortoxroe r. .
<br /> � `..�.v+°�"` 1Sign Orig(na!Onf31
<br /> �.. '� MULTISTATE BALIOON RIDEfl�S�nqie Family�FanNe M�e Urifccm Intwment Form 3180 1t109 I
<br /> . �-87219f051 VMPMO0.iG.WEfOIW$.IlILf9]-0100-�EOOilIF]I91 ;t -
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