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<br /> f�AL.Y.OUN �ID�it �� ��'7��1 _ �
<br /> �� 32�+3�38 icu�vus-rruu�►�.��uEfr z�o K�:ti:��tir�► 6Al.R-3180 =
<br /> • T};��� Br11.L(k)N Rlq[R 'is madi Ihi� 1.5T d;�>• of FEBRUARY , 199� �
<br /> an� is in:ot�rated into and�haU tk Jcer�ietif w an�nd and supplcmrtit the�tortgue,lkti�d of Ttust ar lked to Secuce C1eN:A�: _,
<br /> "5ecutiic tnstrument"1 of[he sune date Yitien by ihr undersi�ned lthe "E;Pf(OKl'T��)ta cecure�he k3c�rr�wer's Ir'i.te io �
<br /> t30I211�S'f HORT�liGE. I NC. u
<br /> (the"Lender") "
<br /> Q_
<br /> of the sac►i�datc and cotierin�thc property des�:ribe� ia�he Security Insuument�nd located at: _
<br /> 655 SW�1t� L�iPifi. GRANO ISLAND. �lE 68801 °
<br /> (Propeny Addressl
<br /> Th;intc�est rate stated on tAc Note is calied the"Ivutc Ralr."'i'Ice d.+te of thc Ivutc is ca!!cd the"Note T�ate." 1 undersian.�
<br /> the Lendrr may traasfer the Note,Secucity lnstrumenc and this Rider.The Lender or anyone who takes thr Note. the Secwit}�
<br /> tastrumtnt and this Riatr by transfer and who is entitled to receive payments under the Note is called�he "Nnte Holder."
<br /> AIIBiTfONAL COV�1VANi5.In addi�ion to the eovenants and s�rcements in the Security lnstrumeut,Bc,rrower a�id Lendtr
<br /> furtha c�ati��aaas and ayrce as foUows(despite anythia�to the contsary contained in the Securiry 1r,strument or the Note): �
<br /> 1. COK[DT7'IONAL RIGH7'TO REEINANCE
<br /> At the matutity�date af the Note and Security Instruntent(the"btaturity Date"),1 will be able to o6tain a n°��loan("New
<br /> 40��")witti a new Matwity Date of FEBRUARY 1 ST ,20 26 ,and wich an intcrest rat�cqual ta►he
<br /> "rew N��e Rate"determined in accordance with Section 3�clow if aii the conditions provided in Sectioas 2 and 5 btlow azc n;er.
<br /> (th�"COIf41110A3J R�f D8i1GRg Op110I1��).If those conc�itions are not met,I pnderstand that the Nato Holder is under no obligatic�et
<br /> to refinintY or modify the Note,or to�xtend the Maturity Date,usd that 1 wiU har•o to repay tho Note from my Qwn resourazs
<br /> ar fiad a lender willing to leud me the maaey to rcpay the Note.
<br /> 2. CONDI?IONS TO OPfION
<br /> If I want to eurcise tho Conditiaal Refinancing Opdon at maturiry. catain condidons must be met as.of ci�e Maturiry Uate.
<br /> 't�se coaditiocLS are:(1)I muu st�71 be the owner and oavpant of the property subjoct to the Security Inunimau(the "Propaty"):
<br /> �2�I must tx�ura►t in my monthlY paymrnts and cannot ha�•o ban nw�e►hu�30 dal+s late on any of the t2 schoduled monthly pzyma�ts
<br /> icn�aEdi�tdY Precrodin8 the Matunty Date: (3)no lien�gainst the Propaty(�apt for taxes�nd spai�l assas�na�ts not y�et due uxi
<br /> t�Le�NuteaR�au',and�1 must make a w�ritun roquat to the Note�Holdtr as�pro•ridal��Sation 5 bdow S P��e't��ve
<br /> 3. C,��f,'9FF.tTING I'�NEW Nd7E RATE
<br /> 'i1�1'k'vr Note Rate will be a fixed rate of intaat equal to the Fa�a�al Nation�]Mongage Assoaatioa's required nY �i�l fac
<br /> 3p-yeu f�rue mat8aYa subject to a 60�d�y muidato�Y delivn'Y oocniuianeat,plus one-lalf of one peceentage point(0.5�i),roa.�:
<br /> w the neazat onaei�Uth of one perceut�te poin�(O.123�1s)(the"New l�ai:Rate").Ttte required net yidd sliall bt the applicabk net
<br /> }la�i lu ci tcu'w�uw:voi�ww'�i�fi'v^.:�°y:.•�l�::N�r�u�k14.sw,riyrc rntur nf my tircYien tn exetase the CAUdi�al Refida00a1L
<br /> Optjoo.If this required oet yield is not aw+ilab{�the 1Yoie Holder w-iU d�ernoine tLt IV..-ur AI�te Rate bY usia:oQmPara�e iafaa�ation.
<br /> �. C�ALCIJLA'IiNG THE NEW PAYA�M'AMOUNT
<br /> Providod the New Note Rate as calculated in Section 3 above is not�eata than 5 paoentagt po�:�ts above the I`ote Rate wd
<br /> a11 ot}Kr ooaditioc�roquired in Soction 2 abote are saritfiod,the Note Holda�wiU detamine the amoi:at of the monl�Iy p�ymeat th3t
<br /> will be suffidau to repay in full(a)the unptid principal,plas(b)uav�d but unpaid intaest,plus(c)all odtia sw�u I will owe unda
<br /> the Note 3ad�rity Inurumrnt on the MaturitY D�t�(auumin8 mY�WY Pa3'�S tlxn are cvtreat,as requited wida Section
<br /> 2 above), ova the term of tlx New Note at the New Nou Rate in oqual monchly p�a}�ents.The rwilt of this calailation will be tlx
<br /> amouat of mY�'Prinapal and intaac WYmwt every month untii tbe New Nou is fullY P�
<br /> � S. �iFRf�.'mIIVG T1�CONDIT[ONAL REFINANClNG OP'I'[ON
<br /> The Note Hoider will notify me az least 66 plaldar days in adwu�e of the Mz�'witp Dau and advise mt ef the p�adpal�acaued
<br /> but w�ptid intaYSt,and all other sumt I am expeaod to owe on the Muurity Due.7De Note Ho3der also will ad��s��e tl�i 1 may
<br /> . pcacxcise che Conditional R�fu�ncing O�tion if the o�a�tions in Sation 2 above are aw�.The Note Kolder will pr�ni3e my paymmt
<br /> r000rd information,togaher wich th�n�me.dtk and artdras of the pason represenang the Note Holda�tt�at I muu norify in ada
<br /> to exaciu the Conditional Refinancing f�,on.if I meet the condiuoas of Secticx�2 above,l may exaase the Condidon�l Refimnaag
<br />�� Option by notifying the I�L�te HoWa na Qata than 45 cakndar days prior to the Maturiry Date.The Note Holda w�l calculau the
<br /> fixed IVew Note Rate based z:pon the Federal National Mortgage Astodation's ap�lipbk pnblished rcquired na yidd in effax ou the
<br /> date wd time of day norifir�tion is reoaved by the h.,^�e Ho{du and�s calculatod ia Semon 3 above.I will tt�a�have 30 pkadar days
<br /> to provide the Note Hoi�with aooept�bk prooi of my roquired ownenhip,oocup�y and proPertY lien status.Gf�re the Maturit�+
<br />- Date the Note Holder will advise of t,he ncw mtaest rue(tht htw Note Rau).ruw monthtY PaY�t amou.ni and a date,tk%�
<br />- uid place u which I muu appear t si�a�ny documeats requirod to oa�oplete the required refiaandng.I understand the Note Ha�fee�
<br />- will c]nrgr me a 5250.00 pr ' fa.�n�the casts a�sociatod vn�h updating[he titk poL'�.y.if an3,and any reasonabk ihird•Paca�
<br /> costs,suc ,intzr',gibl ,sun,eY,recotdin� fea, etc.
<br /> Y tG LOW, ow•a and ad.^�s to the tern�and ooven�nts contained in this B:��a Rider.
<br />- (�,7 �,r�.e7�. `�„f•c�Ga�L1r'�(Sea3)
<br /> R G A YA�'IPLE .�,,,,a KI�T 5TEiI M A�II'LER .eo,ro�a
<br />= (Seal) (Sea1)
<br />- -BoRODU��ta -Bartowrr
<br />_ �Sign O�iginal OntyJ
<br />• MlJL115'PATE BALWON RIDER-SirM�fs Far*►ilY-Farr�A�a�Unilo�m k�e Forew 3180 1Z189 Aaw+d�d 3192 (PaK�01��P�1
<br /> _ �-875r�w vwuo�TC�c,�coa►�s • iaoi�,�z�� �nw.eMw«ra.r►w«
<br /> NIMFL 3180 M93
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