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200411564 LOAN #: 04- E63141 PREPAYMENT RIDER THIS PREPAYMENT RIDER is made this 22ND day of NOVEMBER, 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 (the "Borrower ") to secure Borrower's Note to NOVASTAR HOME MORTGAGE, INC., A CORPORATION of the same date and covering the Property described in the Security Instrument and located at: 4261 LARIAT LANE GRAND ISLAND, NE 68803 PREPAYMENT COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: I have the right to make payments of principal at any time before they are due. A prepayment of all of the unpaid principal is known as a "full prepayment." A prepayment of only part of the unpaid principal is known as a "partial prepayment." I will notify the Note Holder in writing that I am doing so. During the first TWENTY FOUR ( 24 ) month(s) of my loan, I will be charged a PREPAYMENT PENALTY in an amount equal to six (6) months' interest (at the rate in effect at the time Prepayment occurs) on any Prepayment I make in excess of twenty percent (20.000 %) of the original principal balance in any twelve (12) month period. Thereafter, I may make full Prepayment or partial Prepayments without paying any prepayment charge. The Note Holder will use all of my Prepayments to reduce the amount of Principal that I owe under this Note. If I make a partial Prepayment, there will be no changes in the due dates of my monthly payments unless the Note Holder agrees in writing to those changes. [If this Note provides for an adjustable interest rate, my partial Prepayment may reduce the amount of my monthly payments after the Payment Change Date if my partial Prepayment occurs prior to the Payment Change Date. However, any reduction in the amount of my monthly payment due to my partial Prepayment may be offset by an interest rate increase.] If the foregoing prepayment penalty exceeds that permitted by applicable law, only the maximum prepayment penalty permitted by applicable law will be imposed. Prepay Rider - Multistate - AZ, CA, CO & CT (fixed & ARMs), DE, FL, GA, ID, IL, IN, KY (2nds), ME (fixed), MT, ND, NE, NV, OK, PA, RI, SC, SD, TN, TX, UT, WA, and WY. Modified 07/01/03 Online Documents, Inc. Page 1 of 2 1432PPR 0307 11 -19 -2004 14:40