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20030'579 PREPAYMENT RIDER BERNHARD H. BUTCHER Loan Number: 061 -03- 0002657 2318 STARDUST LANE Date: 05/08/2003 GRAND ISLAND, NE 68803 Subject Property Address: 2318 STARDUST LANE GRAND ISLAND, NE 68803 This Prepayment Rider is made this 8TH day of MAY , 2003 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security Instrument ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Note to CORINTHIAN MORTGAGE CORPORATION DBA SOUTHBANC MORTGAGE of the same date and covering the Property described in the Security Instrument and located at: 2318 STARDUST LANE GRAND ISLAND, NEBRASKA 68803 PREPAYMENT COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: After THREE(3) full years from the date hereof, maker may prepay in whole or in part, without penalty, the then outstanding principal balance. In the event maker prepays an amount in excess of one- third(1 /3) of the outstanding principal balance and accrued interest during the first THREE(3) years from the date hereof, maker shall pay in addition to such prepayment a penalty in an amount equal to a percentage of the principal portion of the amount so pre -paid in accordance with the following: If paid during the first year from the date hereof, TWO percent(2 %) of the portion of such prepayment equal to the principal amount so prepaid. If paid during the second year from the date hereof, TWO percent(2 %) of the portion of such prepayment equal to the principal amount so prepaid. If paid during the third year from the date hereof, TWO percent(2 %) of the portion of such prepayment equal to the principal amount so prepaid. Holder shall apply any prepayment first to reduce any interest and charges owing at the time of such prepayment and then to reduce the amount of principal owed under this Rider, provided that such balance shall be applied to the principal in reverse order of the due date of each payment and shall not otherwise affect or delay the due date of the next payment under the Rider. BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this Prepayment Rider. x BERNHARD H. BUTCHER c� X � ` l/�� I D 16-� DORIS E. BUTCHER u` X 9