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<br />N <br />G <br />G <br />01 <br />...... <br />G <br />0) <br />0) <br />01 <br /> <br />"- <br /> <br />~ <br />,.. <br />~ <br />~ <br />r, <br /> <br />iN <br />m <br />"'T1 <br />C <br />Z <br />One <br />~>~ <br />n(l) <br />;o;;:J: <br /> <br />" r <br /> <br />() (J <br /> <br />~-~./() <br />n::r: <br />"" <br /> <br />~' ".....,;;,10 <br />c.:;:) <br /><:= <br /><:..n <br /> <br />(") UJ <br />o --j <br />c: :t~ <br />z--l <br />-1fT] <br />-< r'-' <br />o -q <br /> <br />0 ~ <br />l"\.) <br />c::> fir <br />C=> ~ <br />en ~ <br />t--' - <br />a ~ <br />CD g <br />CD I <br />C.Jl <br />-.... Z <br />C'" <br />". <br />\j', <br /> (::... <br /> <br />".,~.( <br />.-",."",. ."'\ <br /> <br />C-J <br />'.J <br />-----l <br /> <br />l"\.) <br />-...J <br /> <br />......q .~::.~ <br /> <br />"':'rl Fl <br />n~ 'i <br />L") <br /> <br /> <br />--"'"1 <br /> <br />\} I.: <br /> <br />"',. ;":i <br /> <br />-n <br />::3 <br /> <br />l, ~. <br />i"ol <br />r'~, f, <br />U) I',. <br />(; <br />(' <br />I---' <br />C.Jl <br />REHABILITATION RIDER TO SECURITY INSTRUMENT <br /> <br />r--- :.::,) <br />r l.~ <br />(Jl <br /> <br />c....:> <br /> <br />::~ <br /> <br />>- <br />---- <br /> <br />(/) <br />(f) <br /> <br />THIS REHABILITATION LOAN RIDER is made AUGUST 25,2005 and is <br />incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of <br />Trust or Security Deed ("Security Instrument") of the same date given by the undersigned <br />Timothy A Vaughn and Jean M Vaughn, husband and wife to secure Borrower's Note <br />("Note") to Home Federal Savings and Loan Assn of Grand Island (together with its <br />successors and assigns, "Lender") of the same date and covering the property described <br />in the Security Instrument (the "Property") and located at: <br /> <br />2119 VIKING ROAD,GRAND ISLAND, NEBRASKA 68803 <br /> <br />LOT AHI:fiTr(jN~I~ovwk~T~~fnGMrditiJnog~fiP c8~R~YlIRJ 2gteertI~~niaHermrtl1eNEBR ,\8X 8 <br />Security Instrument, Borrower and Lender further covenant and agree as follows: <br /> <br />A. Loan proceeds are to be advanced for the rehabilitation of the premises in <br />accordance with the Rehabilitation Loan Agreement dated August 25,2005 by <br />between Borrower, Lender and, if applicable, certain other parties. This <br />Agreement is incorporated by reference and made a part of this Security <br />Instrument. <br /> <br />B. If the rehabilitation is not properly completed, performed with reasonable <br />diligence, or is suspended or discontinued at any time unless caused by strike, <br />lockout, insured casualty, Act of God or other cause beyond the reasonable <br />cause of Borrower, in which event such suspension shall not exceed forty-five <br />(45) days, Lender is vested with full authority to take the necessary steps to <br />protect the rehabilitation improvements and the Property from harm, continue <br />existing contracts or enter into necessary contracts to complete the <br />rehabilitation. All sums expended for such protection, exclusive of the <br />advances of the principal indebtedness, in the sole discretion of Lender, may <br />be added to the principal indebtedness, and be secured by the Security <br />Instrument and be due and payable on demand with interest as set out in the <br />Note. <br /> <br />c. If Borrower fails to make any payment or to perform any other obligation <br />under the Note or Security Instrument or Rehabilitation Loan Agreement, or <br />an Event of Default has occurred under the Rehabilitation Loan Agreement, <br />the loan shall, at the option of Lender, be in default. Among the Events of <br />Default under the Rehabilitation Loan Agreement are the following: <br />