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200311097 <br />TIMELY PAYMENT REWARDS RIDER <br />THIS TIMELY PAYMENT REWARDS RIDER is made this 15th day of August 2003 , <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or <br />Security Deed (the "Security Instrument ") of the same date given by the undersigned ( "Borrower") to <br />secure Borrower's Note to Ti.i,i Hank <br />( "Lender ") covering the Property described in the Security Instrument and located at: <br />416 N CAREY AVE <br />GRAND ISLAND, HE 68803 -4521 <br />[rooster, Address] <br />ADDITIONAL COVENANTS. In addition to the covenants slid agreements made in the Security <br />Instrument, Borrower and Lender further covenant and agree as follows: <br />A. TIMELY PAYMENT REWARDS RATE REDUCTION <br />The Note provides for the reduction in Borrower's interest rate as follows: <br />1. 'TIMELY PAYMENT REWARDS RATE REDUCTION <br />Borrower has agreed to pay the rate of interest set forth in Section 2 of the Note (the <br />"Note Rate ") until the full amount of principal has been paid. However, if on any one <br />of the second, third, or fourth anniversaries of the scheduled due dale of the first full <br />installment payment due under the Note (each, an "Anniversary Date ") Borrower has <br />demonstrated a Good Payment History, Lender agrees to decrease the Note Rate by <br />ONE HALF OF A <br />percentage point ( .50 %). Borrower will be deemed to have <br />demonstrated a "Good Payment History" if Borrower: (a) has trade each of the most <br />recent 24 consecutive monthly payments under the Now and Security Instrument <br />before the dale the next payment was due; and (b) has never been late by 3 months or <br />more in making any monthly payments due under the Note. If Borrower demonstrates <br />a Good Payment History, the new Note Rate will take effect on the earliest <br />Anniversary Date on which Borrower has demonstrated a Good Payment History <br />( "Rate Reduction Date "). Beginning with Borrower's first monthly payment after the <br />Rate Reduction Date, Borrower will pay the new amount as the monthly payment <br />until the Maturity Date. Lender will decrease Borrower's Note Rate only one time <br />during the term of the loan, provided Borrower demonstrates a Good Payment <br />History on any one of the second, third, or fourth Anniversary Dates. <br />0110200890 <br />MULTISTATE TIMELY PAYMENT REWARDS RIDER - Single Family Form 1412 4101 <br />Fannie Me4 UNIFORM INSTRUMENT <br />-824R 101041 ���qqq (' <br />Page 1 of 2 Initials:) <br />VMP MORTGAGE FORMS - 18 01521 -7291 <br />