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RE-RECORDED .~. 200808S'7'D RIDER 11118 RIDER is made this 1st day of August ,2008 and. is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed ofTtust or Security Deed ("Security Instrument") of the same date given by the undersigned ("Borrower") to secure Borrower's Note to l-inDade Bank ("Lender") of the same date and covermg the Property described in the Security Instrument and located at: 4pS Allen Ave Grand Island. NE 68803-2943 Paragraph 2 of the StCW'ity Instrwnent is deleted in its entirely, aDd the following Paragraph 2 is substituted therefor: 2. Monthly payment of Taxes, Insurance, and Other Cbarges. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and allY late charges, a sum for (a) taxes and Special nsessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under Paragraph 4. In any yeM in which the Lender J}1ust pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a morlgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the mOnthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." Lender may, at any time,. collect and hold amounts for Escrow Items in an aggregate amount not to exceed the ma:rimum amoUIl.t that may be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.c. ~ 2601 et sell. and implementing regulations, 24 CFR Part 3500, as they may be amended from time to time ("RESP A"), except that the cushion or reserve permitted by RESP A for unanticipated disbursements or disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. If the amoWlts held by Len~:r for Escrow Items exceed the amounts permitted to be held by RESP A. Lender shall deal with the excess funds as required by RESP A. If the amounts of funds held by Lender at any time axe not sufficient to pay the Escrow Items when due, Lender may notify the Borrower and require Borrower to make up the shortage or deficiency as permitted by RESP A The Escrow Funds are pledged as additional sec\l.tity for aU sums secured by this Security Instrument. If Borrower tenders to Lender the full payment of all such sums, Borrower's account shall be crediled with the balance remaining for all installment items (a), (b), and (c) and any mortgage insurance premium installment that Lender has not become obligated to pay to the Secretary, and Lender sh.all prOmptly refund any excess funds to norrower. Immediately prior to a foreclosure sale of the Property or its acquisitiotl by Lender, Borrower's account shall be credited with any balance remaining fOr all installments for items (a.), (b), and (c). All other terms and conditions of the Security Instrument remain in full force and effect. BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contamed in this Rider. :az--~ BolTowcrThomas J Gassen ... cYatwA ~MMV Ilono~e. Laura 1 Gassen . BolTowcl ):IOIlQ\><e. BolTowcr llonoWtr 1365.cr Plus (51'J8) GOTO(OO1a6uS)