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200501'786
<br />PREPAYMENT RIDER
<br />This Prepayment Rider is made this 25th day of February 2005 ,
<br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or the
<br />Security Deed (the "Security Instrument ") of the same date given by the undersigned (the "Borrower ") to secure
<br />Borrower's Note (the "Note ") to
<br />NATIONPOINT A DIVISION OF NAT. CITY BANK OF IN
<br />(the "Lender ") of the same date and covering the property described in the Security Instrument and located at:
<br />809 E PHOENIX AVENUE
<br />GRAND ISLAND, NE 68801
<br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security
<br />Instrument, Borrower and Lender further covenant and agree as follows:
<br />Except as provided below, Borrower may make a full prepayment or partial prepayment of principal at any
<br />time without paying any charge. However, if within the first 24 months after the date Borrower
<br />executes the Note, Borrower makes a full prepayment (including prepayments occurring as a result of the
<br />acceleration of the maturity of the Note), Borrower must, as a condition precedent to a full prepayment, pay a
<br />prepayment charge on the prepayment of that amount of principal which exceeds 20% of the principal amount
<br />stated in the Note (the "Excess Principal "). The prepayment charge will equal the interest that would accrue
<br />during a six -month period on the Excess Principal calculated at the rate of interest in effect under the terms of
<br />the Note at the time of the full prepayment.
<br />NOTICE TO BORROWER
<br />Do not sign this loan agreement before you read it. This loan agreement provides for the payment of a
<br />penalty if you wish to repay the loan prior to the date provided for repayment in the loan agreement.
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this
<br />Prepayment Rider.
<br />(Seal) 1 _ (Seal)
<br />ES E. PEDERSON Borrower KIMBERLY J. P DERSON - Borrower
<br />- Borrower Borrower
<br />_(Seal) k3uu
<br />- Borrower - Borrower
<br />Adjustable Rate Prepayment Rider - First Lien — AK, AL, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, KS, LA, MA, MD, MN,
<br />MS, MT, ND, NE, NH, NJ, NM, NV, NY, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WY
<br />MFCD6026
<br />FF003210
<br />4000247105
<br />4
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