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<br /> _ ` ��: "� . . : = � ��E RE�A4iDE0 , , _ , , ^
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<br /> .-� . 4 �; ,ti . .. � �A�:LOC�1tT �ER ' ,,�5°������2, �.
<br /> `�� . ' ° � (CONDITIONA�.It1G1�H'TO REFIIs1ANCE)
<br /> - t�: t' .f. Sr '�- . . �
<br /> - .��.. �• �.;�, , �Bac.u�ON x�sx�r�� �sT' aay of Ss�sH .1� 9S ,`.
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<br /> ; : . ` `Y' and is iIICatporated'mto at�sltali be d�to amead and sappl�ment tfle Mortgage.Deed of Tmst or Deed to S�
<br /> '`: _ `,� ..'�. .. <. Debt(the�SecuntY Ins��e���of the same date pven hy the uadecsigned(the °Bormwer")ta seaue tlze�omo�ver's , .
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<br /> : _ . � � Noce w Hn�t�rsaT rsog�i►c�s, uac. � - . ,
<br /> - -�r�- . (the°LrenSer')of the sazne date aad cov�ng the paope[ty descri't�ed in thc SewritY�ns�nt and lacat�d at: ' -,
<br /> .:,.. . .-. :. ,.� ., �
<br /> `�' �,-s'��--=_�=• '3008 COb4lI�A.TS k�78 r � ISLB� . NCs 68803 _ . . -
<br /> ,. ..t._t � , . '
<br /> �"' : , :`,:y. [poope:ty AQdte��
<br /> ;•;:.�•:��:���_.�,,`��"�.� � The ia.teiest rate stated on the Nate is call�t$e Na Rate.' The date of the Note is caUed the °Note Daze.°I , .
<br /> �`'> ;�t: . unde�d the Lx�der maY uaosfer the Not�,S�uritY Tnsu�ent aa�this Rider. Tl�e L�ender or anyone who�the
<br /> '`».` . .. Note the S�asety Ynstcameni antl this Rider by traagfer aad wha is�ed to�oeivz paymenis uader tiise Note�s called `
<br /> �` � �` ': , the'Note Hal�'.". . . ,`M .
<br /> ' �I4HTI�YAL COVEI�TAN�S•ITt 2dditiaD i0 the Cayenants and 3�IDenLS i�the Secutity inctmm___�nt,Bortow6s ' :
<br /> :s,;'. ,,:� a d :.
<br /> - ' � . . ar�l II�nder fmv�r cove�ant and agree as follows(desgite�ything to the cantra�y oonta�ed in the Sec.u�ity In..Shvs�►t or .��,-.
<br /> ant ,
<br /> ' .;;�:: • the Note): . . .. .: •._ .-
<br /> �:':� �`�. '' 1.CONIDIT[m�LRIGH�TORE�'II�T�INCE ... `
<br /> ' ,, f..: ..... � `' ,° • Date'),I will be able w obiajn a new loan :ri.:,:;
<br /> `. _ ... ....._ �:;,�._;_:, the S Insuament(the °��J+ _ . `��r; .
<br /> , ...� . ..��., - :�:� A eMa2u�i2y D � .. ;.:=
<br /> t� ate af Note�d ecaritY
<br /> ° . . .. .._ {•N�ar Loan`�-vritl�a n�w.Manttiry�ate af.�� 7,�T. . . �..-
<br /> , _ ... . .._ _.
<br /> ;.' �;�,, :• � �,'�: . �ap g� earon'�bela�v if all th�"c�a�itions� rovid��xi�s��2-
<br /> _ -� -� - to�i ew Note 'daes�d in asco p and-5 ' ,
<br /> ° .If tlwse conditions are nat�t,I t�nde�n��the 1�Tot��Holder �,y='�+
<br /> - ' �' • 6e1ow are met(ths'Con.diti¢r�afl 1RefmancinS Op�ofl) �=°,.'.
<br /> ` :�'`:. ' is.umder no obl�auiun to:efmanoe or.�edifS►tLe Note,or w extend the Maturity D�e.and th�i L w�l have to ceg?ay the ���_�:
<br /> � �': ' . 1Vcte from my aw�resources or fmd a lea��t+illing to lend me the m�aey W r�pay+the Nate. ��;�',�,:
<br /> ... :.��,.:= . .. ��`��°`
<br /> . � .
<br /> � F . ..: � ' a.+CONDITI�S TOOFTI�N -
<br /> _--- . -. _ •.::;:If I w2nt to execcise ttte Conditioaal ReSnancIng OPtion at mamFity. certain camditiaas�ist be met a�af t1�ee ` � �r'
<br /> • Ma�uity Aate:'I�eS�condifions are,dly I moat st�l 6e the ovmer and�af t8e P�P�+�Iea w t�e��cs3r.itY , � ,,.�.�_
<br /> , `�� Instzu�at(�'i'��°Y(2)I musi be qutent in mY monthlY PaY��caanat have been mois.thaa 3�.�Ia�rs iate =—
<br /> �, , �• , on aay of ti��s ed montblY PaYments 1��1Y F�S t��.Maturity Date;(3)no lten agaiast�..'`'��S.n�r rtY -
<br />_ . ; . '�. .`'� (ex�c�pi for ta�tes�ad special assPSS�ts not yet du�and payable)hth�t A�n that of the Securlty tr,�umeut ma.J+e:dsr;{4)
<br /> �i ' ��. : � the Ne�v Note Rate cannoi be more thaa S percentage poittts abave tLe N�sw RaLe:and(�1 must make a written teqn�st to —._
<br /> .�.., ' 'th��2e Holder as pravided En��on 5 beiow. ---
<br /> _ '�;,�t.•'». . , ,.
<br /> ' ' : �'".T� .• �.�9LCULATII�SG THL 1V���T0'��A.3'E e=--
<br /> A
<br /> • � 'The Nea►Nofe Rete w111 Ue a 8xe�ff'"'�.�e of interest equal to the Federal National Mortgage Association's r��.d net =---
<br /> .. . r�:- yield for 30-year fuced rate runrt,ages sal;acY eo a 6a-day maudawrl+delive�Y cammila��,Ptus one-haif of one percentage -----
<br /> _ . . � ;,� � y �mt.(0.5 J), munded to t&e nearesc one-eighth of one perceatage po3nt(0.125%)(the New Note Rate ).The required = -�
<br /> _:,� � . � s�s yceld shall be the applicable net yield ia eifect on the date and tiias of day that the Plote�iolder receives nodce oY my _
<br /> ��'��� ��. �`� .,. ��aroa to exersLse the Condit�onal ReBnaacing Option. If tbis�ai�e��Yi�ld�s not avaitable;the Note Hold,°s ari11 --
<br /> .�,i•-�',',;;.,.:...�. de^�rmiae the Neac Note Rate by nsing wmpaiable informatton. �
<br /> '��-�`, •�', 4.CALCULATINGT�NEVV PA7lN�1�AMOIJI�PP ' �',
<br /> ',�.,�:,:�:�;..~. .:�'' ints above the Note
<br /> -_ -�-:�,,.�s,E.;;�r-�.�. ProvideA the New Note Rate as calculated in Sesxion 3 above is not g��ater than 5 percentage Po
<br /> _�g.�;-- � Rata and a11 oiher c�onditiuns�ired'm Section 2 above are sadsRe�.th$Nate Holder wlll determiae the amouat of the � .,_.
<br /> n
<br /> r �.;_�- . . monthly p�ytnent that wiU lie safticfent to repay in fiill(��tbe unP�P��D�,P��N)accmeG but unpaid intenst,Ptas �
<br /> •�' '�-�'-y. '�:� (c)aU oiher sums I will a�s uader the Nate and Se�tSr i�strament on tIle lN���iitY Date(a�n8 �cy.•a�onthiy
<br /> �_t�• ���..��''.. ;� ,payments�t�hLe�n are cument,as requited�Sedion 2 t�'e).aver the term oP the New Nate at the Nevr Nate�ate m
<br /> r1 b k .}� .. . C��IIIOW WY�I�IDCI�S.The rc�s�ilt of t4�s calculatian w�16e.t�e amount of my+new principa�an�interest pay�ent every
<br /> -��� }: ` montb aa.til the New Note is.fully paid. • , ,
<br /> ... . � ,
<br /> , ,�"`'' ������ . S.EXERCISING THE CONDYTIONAL RL�7NANCING�P'i'ION
<br /> .•��.._...�
<br /> ��:�'� �::���'". The Nate Hotder wil�notify me at least 60 ca�eadar days iu advance o�the Matarity Date and fl�vise r�e of the
<br /> ,,°`{' ' . � Pr�ciPal;�ued bnt uapaid lnterest.aad ali other sums I�expzcted to ow�on the Maturity Date,The I�Fcs.��Iolder
<br /> � _'•�',..,..:��• - also wlll advise me tvat I mayexercise tLe Con+diflanal ReBs�tcin8 Option if the condit#ons in Seaiom 2 abo�z�e met. __
<br /> ' �.': �,�`' a Hde and add�ess of the person
<br /> Tbe Note Ho2der wlll pmvide my payment rec�ord informatioa,together with thc name. --
<br /> .:��..�" ��.� ..�; .'`;'.:.;' must notify,�a order to exeicise the Conditioaal Refinancing0p t�on.if l meet the
<br /> _ ��s.._L , tegresendng the Note Haider that I the I�ote HoL�no later . . �
<br /> , � ' ' apnditiou.a of Section 2 abave.J may exercfsa the Conditioaal Reflnancing Option by not�fylag __�
<br /> � tJ�an 45'catendar daya pr�or to the Matu:iry Date.The Note Holder ariU calcuTate the fued New.Note Rate b-�ffi!e�on the �_
<br /> ��... y� ;.
<br /> .'.?�•., � � Fede:a]Natioaal Mongage hssoclatton's�ppltt;able published reqnired net Y�eld in effect on the daie a��oP dal+ ,-R.=
<br /> - - --- notlffcation is reseived by the Note Hoi�lr�aad as calculaie�ia S�fl�3 above.I wIll then ha��3U caier�daya to e..�_.
<br /> '• � ..� ° pmvide the Na:e Ho1der with acceptable�f af my required owneiship:occuP�Y�DsaF�'�::a status.Before the ' �:�,:'
<br /> ,. �, .�,.,. ' , ' Maturity Date the Note Holdet wi�2 z�.��.me of the new intemst rate(the New Note Rate),�ew monthlY PaYment `�'
<br /> -t�s-.:
<br /> ' � amannt and a date, time astfl place�whic�a mast�ppear to siga any+�documents reqnired to complete t�e required ,
<br /> =< � � ?::�",:';:i�. ,�:.. • re�naneing.I undetstamd th�Note I�Yalder w3ll charge mE a$250.00 pmcessing fee anA the wsts assaciazed wna�u�atiug � .�
<br /> . � . tYae titte policy. if any. and any reasonable tbtrd-pany costs. s�c� as documentary stamps, intang,ible vaA, su�►ey, .:':�_
<br /> ��1 � ��. - recording fee�.erc.
<br /> � . � � HY SIC3NI1�1(3 BELOW,Boaower aceepts and agrees to te and ca ed' aan Rider. - -
<br /> . .. , - � Seal) S�) �:�'
<br />—- °� -Eo�rower
<br /> • TAaIIt2► L. C�ItdPB . � -Bortower , JA�fl �. C1l8SP �:;.
<br /> .. ; . � (Sca1) � . �5��.
<br /> . . ' • � � ' . -BOt[OWEt . -$OR'OWGf ' �. ' .
<br /> , • (Sign OrigJnai Only) '
<br /> � ' • MULTISTA7E BALLaON HID£R-Singto Family-Fannte Maa UNfartn Instriunortt , Form 318014189� A��ea 3�2 .
<br /> .,.4 ' ., . ' . �I�LIlIII���WUI����1l� :.,''
<br /> . _ ._ _-. �-187'6(9d0ii Vi4IVM'i0�iifiAGEffBiM�-t6�i169t-7Mt
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