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200412060 BALLOON RIDER (CONDITIONAL MODIFICATION AND EXTENSION OF LOAN TERMS) THIS BALLOON RIDER is made this 7th day of December 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 Home Federal Savings and Loan Association of Grand Island SUBJECT TO DEED OF TRUST SEPT 29, 2003AND RECORDFD OCT 6, 2003 AS DOC # 0200313315 (the "Lender ") of the same date and covering the property described in the Security Instrument and located at:204 W 14TH STREET THE SOUTH 89.5' OF LOT TEN (10), BLOCK SEVENTY GRAND ISLAND, NE 68801 THREE (73), WHEELER AND BENNETT'S THIRD ADDTTTON [Property Address] TO THE CTTY OF GRAND ISLAND, HALL COUNTY, NEBRASKA 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 MODIFICATION AND EXTENSION OF LOAN TERMS At the maturity date of the Note and Security Instrument (the "Note Maturity Date "), I will be able to extend the Note Maturity Date to December 01, 2034 (the "Extended Maturity Date ") and modify the Note Rate to the "Modified Note Rate" determined in accordance with Section 3 below if all the conditions provided in Sections 2 and 5 below are met (the "Conditional Modification and Extension 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 Modification and Extension 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 MULTISTATE BALLOON RIDER (Modification and Extension) - Single Family - Freddie Mac UNIFORM INSTRUMENT OM-877R (0008) Form 3190 1/01 m Page 1 of 3 Initials: VMP MORTGAGE FORMS - (800)521 -7291 Z