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200607473 REHABILITATION RIDER TO SECURITY INSTRUMENT THIS REHABILIT AnON LOAN RIDER is made August 18, 2006, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed ("Security Instrument") of the same date given by the undersigned ("Borrower") to secure Borrower's Note ("Note") to Home Federal Savings and Loan Assn of Grand Island (together with its successors and assigns, "Lender") of the same date and covering the property described in the Security Instrument (the "Property") and located at: 307 N 4TH ST - DONIPHAN, NE 68832 (Property Address) ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. Loan proceeds are to be advanced for the rehabilitation of the premises in accordance with the Rehabilitation Loan Agreement dated August 18, 2006, between Borrower, Lender and, if applicable, certain other parties. This Agreement is incorporated by reference and made a part ofthis Security Instrument. B. If the rehabilitation is not properly completed, performed with reasonable diligence, or is suspended or discontinued at any time unless caused by strike, lockout, insured casualty, Act of God or other cause beyond the reasonable cause of Borrower, in which event such suspension shall not exceed forty-five (45) days, Lender is vested with full authority to take the necessary steps to protect the rehabilitation improvements and the Property from harm, continue existing contracts or enter into necessary contracts to complete the rehabilitation. All sums expended for such protection, exclusive ofthe advances of the principal indebtedness, in the sole discretion of Lender, may be added to the principal indebtedness, and be secured by the Security Instrument and be due and payable on demand with interest as set out in the Note. C. If Borrower fails to make any payment or to perform any other obligation under the Note or Security Instrument or Rehabilitation Loan Agreement, or an Event of Default has occurred under the Rehabilitation Loan Agreement, the loan shall, at the option of Lender, be in default. Among the Events of Default under the Rehabilitation Loan Agreement are the following: