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<br /> a,. �. , � THIS BALI.QON RIDER is made this 28T day of B�S.�aARY .I4 9S . � ; � . •
<br /> - a�d is inoozporasea�into and sIIalt De de�m�to am�n�•aad supptement,t�e Mo�age. Deed of Tcnst or Deed to S��ue � ,
<br /> -:�•` . . ` ,�. . � ,{{ , D�bt(the 'S�urity Iasuumene')of tIle sa�ue datx givc�n by the undeis�gued (the 'Borcas�Pr'} w secure the Boaower's. : • .
<br /> � ,� � � Note to ZICR�P83T �08�. Z�C. '
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<br /> � � -- .���:'::"�°=':' (tIt�°Lead�er")of tRe sa�date aad ooveri�the groFertY describ�ia tne Secarity Inst�u�ment aad tocated at: .� '. _
<br /> . ,.; ' .. : azo6 wac� ao,i� , c�� =sr�a� : �a � 68802 � ` �. � , :
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<br /> � " '.�� -- .. , . 'ibe in�iate stated oa tIIe Note is calted t�e�"Note Rate�' 'l�e date oF t6e Note is call�the 'Nate Uate.' t { � �.
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<br /> ' � uuderst�ad tRe i cader may teansfez the Note, SacuritY Instcument aud ttis Rider. 'Ihe Lender or anyoae�vho takes the ' � : �� ' .
<br /> � : ,.� . Note tIle Seauit}e Ins�umeat aud this Rider Dy uansfer and wIlo is entitlea to receive paya�uts un�r ttte Note is called ,, � �
<br />_ , . . . tt�'Nate Holder.° . � � `
<br /> ;` � _ A�}DYITON�i.COVENAI�i'S.ia additioa to the covenants and agreemeats in the Seauiry Lustrument, Boaower ; . . . ..
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<br /> � . , - aad Leader fiuther covenani and agree as follows(clesDite aaYtting ta tae oonuuaty contained in,tae Security Insa�ument or , - ,
<br /> �}`} � � t$eNote}i , `
<br /> �,`-'� : ` , ., l.CQNDTFIONA4 RIGSC TQ BE�Il�iAPICE ' .,
<br /> BE : r...
<br /> � � � ?it the Matiuity Date o�the Not$affi Sec�uity Insavmeai(t$e 'MaturitY Daxe"),1 wilt bs aDle to obtaia a rteav lo� ; . . � -
<br /> � � • ' � ' ("Nenr�,o�'?�rith a new Marutityr Qate of �8B�8Y 20 as aud witn au interesc case � ;
<br />- ' _-.:. ' � ' . ` to-ths'-Near-Mots Rate°-deteimin�d-in accordaace wft�Searoa3 be2av�r.if.all.tbe.conditis��s P-rn.v.id�.fn.Sections 2�S_. . .. •
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<br /> - , . --. .- - __.._... . .. Delow aze met(tdte Coaditional Refinmtcing Optioa}.If t�ose coaditians are not met,.l undctstand taat tae Noie Holder
<br /> , : . is uader ao ohligation to�efmauce os modify t�a Note,or ta extead[he Matusity Date.aad tLat 1 will baYe co reQay the r. � � � . :'
<br /> ' • Nate from my owa resouraes oi fiud a Ieader vlilling to Iead me c�e money to zepay tIIe Note. . ., ��r=-
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<br /> •. '• 2.CONDY�TONS'rOOPTt011t '. . ':"�!"`:
<br /> - - - If�l want to�exercise tl�e Coaditivnal ReSna�ing Qption at m�i�y. �voudidons�ist be met as of the . � . .
<br /> . � . � Maturiry Date.Th�se conditions ate: (1)t mmtst stilt be the awaer aad o�ccupant of tLe pmpeaty subjert ta tde Securiry f ..
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<br /> t �� • Insuument(the"Property'};(2�I must Oe�t ia m,r mPntLIY Payments and ca�not have beea�re tbau 3Ef days 2aze .
<br /> • on a�r of the l2 sc8e8uIed monsIIly Payments immediatelY P�ing the Mat�uitY Date; � '
<br /> (3)no liea against t�e Ptopeay ; '
<br /> ,,: - . (except for taxes a�sgeaat a�aot yet dae and payable}atIIct thaa thai of tIle Securiry Iast�ument may eaist:(4) � . -� . :
<br /> . tRe tiew Note Rate c,ana.ot be muie t�aa S percentage points a�ove the Not�Rate;and(5}1 musc make a writtea zeque.sc to ; ,.: ..
<br /> .. � the Hote Holder as pmvide�ia Sectian 5 Uelow. � • : ' ' �
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<br /> - ' ` 3.CALCUI.ATII�IG THE IYEw DI�fE RATE ',. i�
<br /> . TIIe Rew 1�Iote Rase will be a:6xed rate of interest equat to the Federal l�iatioaal Mo�tgage Associatioa's required net �� ;:r'`,
<br /> ..__..--•--..._"__ � yiel�f�z 3Qyras fiaed ratc mortgages sub,�e�to a 6f?�day ma�datory delivery commi�t,Plus oa��atf of one pezCeni�e . �- -. .
<br /> �� � . point(O.S 4 o).m�e d to t he n e a r e s[o a e c i g n t h o f o n e p e r o e n t a g e g o i n t(O.I 2 5lo)(the"Neer Note Rate"y. The r e q u i�
<br />- � • � aet}rield saall be the applicabte aet yield in effect on the dase aad time of day that the Note Holder ceceives notice of my � � . .•�
<br /> ,,. , �. � e2ecaon to exercise the Conditionat Refmaacing Ogtioa.If this requiied ffit yne2d is not availabte,tIle Note Holder will , .i�
<br /> . , determine tfle New Note Rate.Dy using comparaDle infor�ation. - � •
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<br /> � � 4.GALCUl.A'FING'j'HE NEVK PAYNIENT AMOtTN'F -
<br /> • . �' � Fmvided the Near Hote Rate as caIsutated in Sectioa 3 aaave is aot greater than S percentage points aD�ve the Note
<br /> - � . I�ate an�i aU ot�er cundi�ons required in S�tion 2 above ate satis$ea,the I�Tote Holder will�t�++�the amount of the , -
<br /> . . . . �Y PaY���will De sufficsent to repay ia full(a)tRe nnpaid psiacipat,pius(D)acc�ued but uupaid inte�st,Ptus i . .
<br /> - . . • (c)alt osher snms I will o�xe under tIle Hote aad Securic�r Insuument oa tae ;Nazuriry Date(as�g my mnnthty ' � . �
<br />_ �. �.' :. FaYm�nts t�en are canent,as required under 5ection 2 aDove),over the teim of the New PIote ai the PIew Note Raze ia : .
<br /> . " - � equa.i montIIlY Payments.TQe resutt of this ca3cvlarion will be t�e a�aouat o�my ue�r princiaal and iaterest PaY�ent eve�Y � , �y;� .
<br /> ,�� . - �anta unnl t$e Near Note�s fiilIypaid. : . .
<br /> . . � �E� .
<br /> .. .. .. S.E1�ACISIl�IG T�COND�TONAL REF�IANCIl�IG Op'iTON ; '.
<br /> � ! ' 'ii:e I�Iute Kotdet will notify me at ieast 60 catendar days ia advance of tIle Masuriry Date aud a�3vis$m�of the , . . . .
<br /> �" ,. - - --- ' principal.accsued but unpai�inteKSt.aad ail other s�s I am e�pected to vwe on the Mazurit�r Date.'Rie Note Holder •
<br /> �• . : also will ad�ris�me that 1 may exe�ise the Coaditionat Refinancia�g Opuon if the wndiaons ia 5ection 2 above are met. ° � �
<br /> : 'I�e Nate KoIdes will provide my paymeat�cor�t informuion,togetII�z with the name.titte aa8 addnss of the perso� .
<br /> . , repr�ating the Note Hotder t�ae l mast aonfy in arder ta e�ecci..t the Coaditional Refiaaacing Oprion. If 1 meet the t..
<br /> - � '� .andi8ons of 5�tion 2 aDaire,l may exezeise tIIe foaditionai Refinansing Option by notifying t�e Note Ho2det ao tazer ,
<br /> � '� : ` - �' � t�an 45 catea�ar days prios to tae Manuit�r Date.'Phe Note KoIder will calcvIate t�e fix�d Ntew Note Rate based upoa t�e F .
<br /> .:. - �;- . , FeQzral National Moltgage Assaciation's a�ticaD2e puDlished requued net yie2d ia effect on tne daze affi time of daY , � .
<br /> � ;t • ' � uatificatiun is received Dy tIIe Note Ho2der aa�as ca2ciilated in S�ian 3 a�ove. I will c�en 6ave 30 ca2eudar days co
<br /> � , provide the Note Kv2de�t witR aao�.ptaDle proof of my t�cl�o�P•�D�+�D��7►lien status.Befoie tIle
<br /> � � Matn:ity Date tQe 1�Iote Hotder will advise tue of tae neer inteiest rate(t8e New Note Rate).aew montnfy paymeat
<br /> � , amuunt�d a date. time aad ptace at wtich 1 mvst appear te sigu any dacuments required to complete the reqw�ed
<br /> �a� . r�efinaasmg.l„*+�+an�tIIe I�tote Holdes will etiarge me a 5L50.00 prec�ssing f�and the casts auociated witD updatiag
<br /> � . . . : � •� tae titte potiry, if a�r, aad an}r reasoaaD2e third-party costs. suc6 as docg►meataiy stamps. intangible taa, survey. .
<br /> � � � . . � recarding fees.etc.
<br />- �� , . � BY SIGK1PiG BEI.OW.Bonower acc�ts and a�ees to tIle terms and eoveaanu c;ontaiaed in this BalIoon Rider. . , '
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<br /> ?���.,� (�) ..(Seal) ,_:
<br /> . � � ' !SQ&T A BiIEQ�R -Botmarer -Sonoarer .
<br /> - - - . '. (Se31) (�) • •
<br /> - .- . � -. -8o�swra -surrovrer �
<br /> " . i � . . �s�8rs ori&�o,�y� �
<br /> ,. lildilLT[STATE BAlICON RID�t-Singto Famity-FetuHS 62�tfiifarm tr�s�ent iarm 31801Tl89 •1�ntenme0 3/92 . .
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