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200411615 Loan Number: 24632 BALLOON RIDER (CONDITIONAL RIGHT TO REFINANCE) THIS BALLOON RIDER is made this 26th day of November, 2004, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security Instrument ") of the same date given by the undersigned (the "Borrower ") to secure the Borrower's Note to Nebraska National Bank (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: 407 Ponderosa Drive Grand Island, NEBRASKA 68803 (Property Address) The interest rate stated on the Note is called the "Note Rate." The date of the Note is called the "Note Date." I understand the Lender may transfer the Note, Security Instrument and this Rider. The 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 Lender further covenant and agree as follows (despite anything to the contrary contained in the Security Instrument or the Note): 1. CONDITIONAL RIGHT TO REFINANCE At the maturity date of the Note and Security Instrument (the "Note Maturity Date "), I will be able to obtain a new loan ( "New Loan ") with a new Maturity Date of December 1, 2034 (the "New Maturity Date ") and with an interest rate equal to the "New Loan Rate" determined in accordance with Section 3 below if all the conditions provided in Sections 2 and 5 below are met (the "Conditional Refinance Option "). If those conditions are not met, I understand that the Note Holder is under no obligation to refinance the Note or to modify the Note, reset the Note Rate, or extend the Note 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 Refinance Option, certain conditions must be met as of the Note Maturity Date. These conditions are: (a) I must still be the owner and occupant 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 12 scheduled monthly payments immediately preceding the Note Maturity Date; (c) there are no liens, defects, or encumbrances against the Property, or other adverse matters affecting title to the Property (except for taxes and special assessments not yet due and payable) arising after the Security Instrument was recorded; (d) the New Loan Rate cannot be more than 5 percentage points above the Note Rate; and (e) I must make a written request to the Note Holder as provided in Section 5 below. 3. CALCULATING THE NEW LOAN RATE The New Loan Rate will be a fixed rate of interest equal to the Federal Home Loan Mortgage Corporation's required net yield for 30 -year fixed rate mortgages subject to a 60 -day mandatory delivery commitment, plus one -half of one percent (0.500 %), rounded to the nearest one - eighth of one percent (0.125 %) (the "New Loan 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 MULTISTATE BALLOON RIDER (Refinance) - Single Family - Freddie Mac UNIFORM INSTRUMENT Form 3191 1/01 Page 1 of 2 , ^ IDS, Inc.- (800)554 -1872 Borrower(s) Initial (i(�