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PREPAYMENT RIDER Loan Number: Date: JANUARY 8, 2003 200300510 Borrower(s): KERRY S. MERLIN, MICHELE D. MEHLIN FOR VALUE RECEIVED, the undersigned ( "Borrower ") agree(s) that the following provisions shall be incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed of even date herewith (the "Security Instrument ") executed by Borrower, as trustor or mortgagor, in favor of NATIONWIDE LENDING CORPORATION, A DELAWARE CORPORATION ( "Lender "), as beneficiary or mortgagee, and also into that certain promissory note (the "Note ") of even date herewith executed by Borrower in favor of Lender. To the extent that the provisions of this Prepayment Rider (die "Rider ") are inconsistent with the provisions of the Security Instrument and /or the Note, the provisions of the Rider shall prevail over and shall supersede any such inconsistent provisions of die Security Instrument and /or the Note. Section 6 of the Note is amended to read in its entirety as follows: " 6 . BORROWER'S RIGHT TO PREPAY I have die right to make payments of Principal at any time before they are due. A payment of Principal only is known as a "Prepayment." When I make a Prepayment, I will tell the Note Holder in writing that I am doing so. I may not designate a payment as a Prepayment if I have not made all the monthly payments due under the Note. The Note Holder will use my Prepayments to reduce the amount of Principal that I owe under the Note. However, the Note Holder may apply my Prepayment to the accrued and unpaid interest on the Prepayment amount, before applying my Prepayment to reduce the Principal amount of the Note. It I make a partial Prepayment, there will be no changes in the due dates of my monthly payment unless the Note Holder agrees in writing to those changes. If the Note provides for changes in the interest rate, my partial Prepayment may reduce the anrount of my monthly payments after the first Change Date following my partial Prepayment However, any reduction due to my partial Prepayment may be offset by an interest rate increase. If within TWELVE ( 12 ) months from die date of execution of the Security Instrument I make a full or partial Prepayment, and the total of such Prepayments in any 12 -month period exceeds TWENTY PERCENT ( 2 0 %) of the original Principal amount of the loan, I will pay a Prepayment charge in an amount equal to SIX ( 6 ) months' advance interest on the amount by which the total of my Prepayments within that 12 -month period exceeds TWENTY PERCENT ( 20 %) of the original Principal amount of die loan." MIJTMSTATII PRP.PAY I .NT RMER vot oa,N,m. 11ow.1 1 i t .11.. Page I of 2 I 1\ .•�� a� II I II I I II I1111111IIIIIII11111`II I I I III II I II 111111