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200405152 Loan Number: 632179800 TIMELY PAYMENT REWARDS RIDER THIS TIMELY PAYMENT REWARDS RIDER is made this 19th day of MAY 2004 , 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 SOUND MORTGAGE DECISIONS CORPORATION, A MINNESOTA CORPORATION ( "Lender ") covering the Property described in the Security Instrument and located at: 2208 BRAHMA STREET, GRAND ISLAND, NEBRASKA 68801 [Property Address] ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. TIMELY PAYMENT REWARDS RATE REDUCTION The Note provides for the reduction in Borrower's interest rate as follows: Timely Payment Rewards Rate Reduction Borrower has agreed to pay the rate of interest set forth in Section 2 of the Note (the "Note Rate ") until the full amount of principal has been paid. However, if on any one of the second, third, or fourth anniversaries of the scheduled due date of the first full installment payment due under the Note (each, an "Anniversary Date ") Borrower has demonstrated a Good Payment History, Lender agrees to decrease the Note Rate by ONE percentage point ( 1.000%). Borrower will be deemed to have demonstrated a "Good Payment History" if Borrower: (a) has made each of the most recent 24 consecutive monthly payments under the Note and Security Instrument before the date the next payment was due; and (b) has never been late by 3 months or more in making any monthly payments due under the Note. If Borrower demonstrates a Good Payment History, the new Note Rate will take effect on the earliest Anniversary Date on which Borrower has demonstrated a Good Payment History ( "Rate Reduction Date "). Beginning with Borrower's first monthly payment after the Rate Reduction Date, Borrower will pay the new amount as the monthly payment until the Maturity Date. Lender will decrease Borrower's Note Rate only one time during the term of the loan, provided Borrower demonstrates a Good Payment History on any one of the second, third, or fourth Anniversary Dates. MULTISTATE TIMELY PAYMENT REWARDS RIDER -- Single Family Fannie Mae UNIFORM INSTRUMENT Form 1412 4/01 Page 1 of 2 U0412.rid. Llem D0Cil1/agiCdTk -UUL1 800 - 649 -1362 www.docmagic.com Zs'—>