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- � . _ � s �, � � � 95_�'�� , �AtlOt3N RiD�R z {CONOlTK1NAL R1GHT TO RERNANC� � ; � THIS BALLOON RIOER is msde N�Es 2Qen day o[O�tt+bi�t . t'�95 _and is txorp�ra�ad inlo Yfd slM� ; bs deemed to eme�d and supptdMrtt tfse MatgegG Der.1 ot T+ust �Oeed�o Seuae Debt (tl�e'Seawiy insOtnnMnt`) d 1f�a�a�e dds ; giren E�y the u�das(gte�(Uro'earowes7 to aecue U►t Barrower's Nafe to ThY O�It�nd i�O�ai Bank Of�i�'�IK! bl�nd A Unfted Startes Corocratlon �e'lendor�ot rice aame date,nd oorart,q e,.p�op�tp deaalbed ks the Securhy IishuaneM and tocated at rt � 2410 (3atasvav Avs.. Ci�nd Island NE 68+803 t�+aa«t�r�earesal Tha interest rata steted rxi Lhe Nobe is catad tfie 'Note Rste.`The d�te d the Nde is sa�ad tfie'l�iote Oate.' 1�a�ders�nsi�l��der may transfa the Nate. szar�ny m�an�a,c�a ws�der.rne �e�ae�a a�+y«�e..no s�u,�Noce.u�e sec„�y hseunr.,e a�a n,�s aa. by Uansfer and who b end�fed to nr,aivs�ts under the Moh ts csia�!tM'NoM Hoider.' n�omoMAL cG�ErJaNTS. fn ,.ddtlon to me eovd,�ts ana ag►e� in n�e sec�.y k�net�t. e«row:► .na l,a�ae. �er � eovenent and agres r�a 'olows (desplh9�t6�1Q COR1l�COfili�t��f�1f S�CiI�`Yyl M'1341118�lIL C►�f!NO�l�; � 1. CUR�Dt'fIONAL A�OHT TO REFlNANCE AS the maturtty date af the Note and Saeurily buL�unent (the'hte�lurRy p�`y„ 1 wi be able to obt�s new lo�n ('New lwn7 wRh a riew M��turity bete ot July 1. 2025 ,m+d wipr an tq�t tate iqt�i w the•Nwv Nott�M•d�0�ni�d h ' eccordence with t�ecHon 3 txiow N a/ the condtlons D►ovkfed in Sectfon 2 and 5 bebw arr met (Ihe 'Ca�dfond Ral�neig Oprae9• M tnose ca��9tlonr: ►re not meP. t unde��d thet tht NaAe Molder Is uieier �o obig:t'�oe� ro �ee or nealy 1M Note, or to��d 1At Maturfty date,anri that 1 w�laave to rq�y the Note tom my awra resovcoa or frM a kndn►wig To le�d me tM moner to repq/M Nob, 2. coNamo�vs To oP-rioN N 1 want '.b exerdse thr CondRional ReMandng Optfo� a1 ,Twtuel�y. certatn ooncleto�s mus! be met as o1 tM htt�reRy D�b. Tl�� cond'Nons are: (1) I must st� be the awner and ocaipant ot th�r{xopert�r wb�nc.t to the Seauffy 4ts0um�ent (the •�ro�rt�,�; � t mvst es current tn my� rna,tny P.yments and cax,oc n�e eeen mae a,., so�wKs Me«, my d U►e�a sd+ed�ad mo�+eNy p.ym«+es�,n,.a.MM� preceding the.Maturfty Date; (3) rto ia+ agai�st the PropertY(e�apt ior tues�nd 3pecil a�ts nof yet due and pry�Diy ollh�r th�n that ot tha SPCwrity Instrument msy rx1� (� tht Neav Note Rate c.aru�at be mae eh�n 5 pea�t�Qe poim above t!e Nots pahc md � ( must make a wrftten requeat to tAe Note Hakicr as provkkd h Seclbn S beiow. 3. CALCULATING THE PIEW NOTE RATE Ths New Note Rete w� be a f&ed rate ol Metes! equd ro the Federai NatlonsE Mortq�ge Assodatlo�^s eequisd eNt y(dd ta 3p.yer nxed rate mortgages sub)ect to a 60-day me,datar deive*r oo�.nitr►�+t, plus «,o-he� w a+e cKeenta9e �oi�t (o.SX}, rois�a.a eo a+. nearest one-eighth ot one percentage potnt(0.1257y Rhe'New Note Rate7.The tequired rtet y{etd sM�be tAe appicsbls net yield M�eQect on the date and Ume o( day that ihe Note Flolder receives nWke ol my etection to orerr3se the Concltfornri Refn�ndn� OA9on. M this required nM yi_Nd is not aveNable,the Note Hokier w� �'x:rsmine Me:Vew Note RAte by using compvaDk ir:tm:�istbn. 4. CALCUtATiNG THE NEW PAYMENT AMOUNT Provided the Ne�n Note Rate as catwtated in Snctbn 3 above ts not greste►Usan S percentage poirts�bo+e tbe Note RaU�nd�!othw conditl�ons requdred In Secdon 2 above are satlsikd Me Note Ftolder wR detesmM tt�e aee�o�mt ot the monMy payeriuri tl�st w11 b�suMdsi! to revey in fuB (al 'Me �nPaid P+�ndpal, Plus R') acaued hut unpaid intaest.loRn (c: ,�u,he� sar� 1 v.� owe�n�d�r tfie!Ko�std S�tuKy lnstrurnent on the Maturity Qate (assumk�y my anonthly p�ts tlnn sre a�rert�as reqertred u�dR Sec�an 2 aborej. over tiro Mren ot 1M Ne�w Note et the r,��y Note Rate in ec�uat mo�thy paKnu►ts. TAe rcsult W thb c�ic�tlon wiN be ths aenou�K o/msr�r p�kx�al�r�d� peyment every m��Mh u�t�the New Note is luy peld. • 5. EXERCISINQ THE CONDlTYONAL REFlNARlCINCi OPTtON • The Note Holder wiR notNy me at kast fi0 akt�u dsys in advanca ot the MhMpy Date �nd advbe me ot d�e prin�JpN, sca�wt�!�A unpaid Intercsf, and aq other sums 1 am expeeted b owe ar�the Nhtur�y Date.The Note Hoide►abo w�advise me tl�t i m�y e�oorcbt tM Conc��lonal Refl�andng Optlon n the concfltions in Secticv� 2 above are mef. The Note Haider w0 provide my payment reoord I�pon, together with the name, tkie and address of the perso� reprcsenNng tht Note Hoider thst 1 must notlly in order So mcerciss the Con�orwl Refina*�dng (')pUon. li ! meet the conditions of See�.tlo� 2 etrove. 1 may ex�he the Co�dlfond Re9Rar�ing Optlon by notryinp 1hs Note Hoider no tater than 0.5 calendar days priw to the MaWdty C�te. TAe Nott Flolder wi c�kvitte tbe f[xed New No�e R�te bessd upan 1M Fedeta! NaUo�al Mortgaga Association's appFcable pub6shed required net yieid i� elfect on the date and time af day neBbr�Non ts rsodved by the Note Holder and ss catcuiated v�Sectio►�3 above. 1 wil then have 30 cale�ar days to pForide the Nate ttolder wHh acxeptable proot oi my requked ownership, occupancy and property ieR status. Betore the Maturidy Qate the Note Hoider wi advEse me ot the new interast rate (the New Note Rate), new month4y payment amount and a dste,tir�and pFace at which 1 must appeer to sign:my doam�etts requined to complete the requked refmananq. i understand the Note FiQlder wi charge me reasoesable Tees and the r.osis �ed wlth a�oae(�ny the refinance option. BY StG�ING BELOW. Borrower accepts and ng►ees to the terms and covenants contsR+ed�this BaMoors P.idet. The undersign borrower(s) acimowiedge(s)receipt of a copy ot this instrumenG �^��* e Anrea Pufte � ��* � : 3 1 7 (� (See1) eortowa a.xrcvw l� ��d�Y� MULTISTATE BALLOON RIDERSingie Fami�r-Fmvde Mae Unifortn inshument Form 9580 1?�89 Fsn9.tMO c�+) � � 375�3