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<br />200603736 <br />PREPAYMENT RIDER <br />ADJUSTABLE RATE LOAN <br /> <br />This Prepayment Rider is made this 25th day of April 2006, and is incorpomted <br />into and shall be deemed to amend and supplement the Promissory Note (the "Note") and Mortgage, Deed of <br />Trust or Security Deed (the "Security Instrument") of the same date given by the undersigned (the <br />"Borrower") to secure repayment of Borrower's Note to <br />New Century Mortgage Corporation (tbe "Lender"). <br />To the extent that the provisions of this Prepayment Rider are inconsistent with tbe provisions of the Note <br />and/or Security Instrument, the provisions of this rider shall prevail over and shall supersede any such <br />inconsistent provisions oftbe Note and/or Security Instrument. <br /> <br />In addition to the covenants and agreements made in the Note and Security Instrument, the Borrower and <br />Lender further covenant and agree as follows: <br /> <br />5. BORROWERSIDGHTTOPREPAY <br />I have the right to make prepayments of principal any time before they are due. A payment of <br />principal only is known as a "prepayment". When I make a prepayment, I will tell the Note Holder in <br />writing I am doing so. The Note Holder will use all of my prepayments to reduce the amount of <br />principal that I owe under this Note. If I make a partial prepayment, there will be no changes in the <br />due dates of my monthly payments unless: the Note Holder agrees in writing to those changes. My <br />partial prepayment may reduce the amount of my monthly payments after the first Change Date <br />following my partial prepayment. <br />If within 2 year(s) from the date of execution of the Security Instrument, I make a full <br />prepayment or, in certain cases a partial prepayment, and the total of such prepayment(s) in any <br />12-month period exceeds TWENTY PERCENT (20%) of the original principal amount of this loan, I <br />will pay a prepayment charge in an amount equal to the payment of 6 months advance interest on the <br />amount by which tbe total of my prepayment(s) within that 12-month period exceeds TWENTY <br />PERCENT (20%) of the original principal amount of the loan. <br /> <br />BY IGNING BELOW, Borrower accepts and agrees to tbe terms and covenants contained in this <br />Pre yment Rider. <br /> <br /> <br />~(] ht 1) '-K. 'tlo t&.b-M , <br /> <br />Karen K Hallsted <br /> <br />NCMC <br />Prepay Rider - ARM (Multistatc) <br />RE-I03 (020800) <br /> <br />1007383556 <br /> <br />Page 1 of 1 <br />