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200704914 OCCUPANCY RIDER TO MORTGAGE/ DEED OF TRUST /SECURITY DEED THE OCCUPANCY RIDER is made this 8th day of June, 2007, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security Instrument ") of the same date given by the undersigned (the "Borrower") to secure Borrower's Note (the "Note ") to GreenPoint Mortgage Funding, Inc. (the "Lender') of the same date and covering the property described in the Security Instrument and located at: 3618 Arabian Circle, Grand Island, NE 68801 ( "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: That the above- described property will be personally occupied by the Borrower as their principal residence within 60 days after the execution of the Security Instrument and Borrower shall continue to occupy the property as their principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld. That if residency is not established as promised above as well as in the Security Instrument, the Lender may, without further notice, take any or all of the following actions: a. increase the interest rate on the Note by one -half of one percent (0.500 1/o) per annum on a fixed -rate loan or increase the Margin on an Adjustable Rate Note by one -half of one percent (0.500 1/6) per annum and to adjust the principal and interest payments to the amount required to pay the loan in full within the remaining term; and/or b. charge a non -owner occupancy rate adjustment fee of two percent (2.00 %) of the original principal balance and/or c. require payment to reduce the unpaid principal balance of the loan to the lesser of (1) 70% of the purchase price of the property or (2) 70% of the appraised value at the time the loan was made. The reduction of the unpaid principal balance shall be due and payable within thirty (30) days following receipt of a written demand for payment, and if not paid within thirty (30) days will constitute a default under the terms and provisions of the Note and Security Instrument, and/or d. declare a default under the terms of the Note and Security Instrument and begin foreclosure proceedings, which may result in the sale of the above - described property; and/or e. refer what is believed to be fraudulent acts to the proper authorities for prosecution. It is a federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements or reports for the purpose of influencing in any way the action of the Lender in granting a loan on the above property under the provisions of TITLE 18, UNITED STATES CODE, SECTIONS 1010 AND 1014, It is further understood and agreed that any forbearance by the Lender in exercising any right or remedy given here, or by applicable law, shall not be a waiver of such right or remedy. Should any clause, section or part of this Occupancy Rider be held or declared to be void or illegal for any reason, all other clauses, sections or parts of this Occupancy Rider which can be effected without such illegal clause, section or part shall nevertheless continue in full force and effect. 3552 Occupancy Rider to MortgagelDeed of Trust /Security Deed GreenPoint Mortgage Funding, Inc. Page 1 of 2 H74670MU 01/07