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200205M BALLOON RIDER (CONDITIONAL MODIFICATION AND EXTENSION OF LOAN TERMS) THIS BALLOON RIDER is made dus7th day of May 2002 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security Instrument ") of the same date given by the Undersigned (the 'Borrower') to secure the Borrower's Note to Home Federal Savings and Loan Association of Grand Island (the "Lender") of the same date and covering the property described in the Security Instrument and located at610 -612 NORTH ADAMS GRAND ISLAND, HE 68801 [Property Address] The interest rate stated on the Note is called the "Note Rate." The date of the Note is called the "Note Date." 1 Understand the Lender may transfer the Note, Security Instrument and this Rider. The Lender or anyone who takes the Note, the Security Instrument and this Rider by transfer and who is entitled to receive payments under the Note is called the "Note Holder. ADDITIONAL COVENANTS. In addition to the covenants and agreements in the Security Instrument, Borrower and Lender further covenant and agree as follows (despite anything to the contrary contained in the Security Instrument or the Note): 1. CONDITIONAL MODIFICATION AND EXTENSION OF LOAN TERMS At the maturity date of the Note and Security Instrument (the "Note Maturity Date "), I will be able to extend the Note Maturity Date to June 01, 2017 (the "Extended Maturity Date ") and modify the Note Rate to the "Modified Note Rate' determined in accordance with Section 3 below if all the conditions provided in Sections 2 and 5 below are met (the "Conditional Modification and Extension Option "). If those conditions are not met, 1 Understand that the Nom Holder is under no obligation to refinance the Note or to modify the Note, reset the Now Rate or extend the Note Maturity Date, and that I will have to repay the Note from my own resources or find a lender willing to tend me the money to repay the Note. 2. CONDITIONS TO OPTION If I want to exercise the Conditional Modification and Extension Option, certain conditions must be met as of the Note Maturity Date. These conditions are: (a) I must still be the owner and occupant of the 02- 04- 05- 000003 MULTISTATE BALLOON RIDER (MOEificatian end E.teneianl - Single Femty - Freddie Mac UNIFORM INSTRUMENT ® -877R 100081 Form 3190 1101 Page 1 of 3 Initi0ls: VMP MORTGAGE FORMS - 18 0015 21 -12 91