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<br /> � 1'HIS b;.LlOON it1UE'P, i; ma�tr !ha: �C►TH c:a� ��f A4'Rit. , Iv96 ,
<br />' 1 and is iucorporatcd in�o and shall hc dc�med tu amcnd and cuppicmcnt�hc I�toriQa�c.Ueccf ui Truct or lkeci io Sc�u�e Uebt�the �
<br /> l "Seeurity lnstrurc�en�"1 of Ihe came date�i►en by the uude�slyned(ihe"Uutrowe�"1 ta s::urc ttu Eiur�nwcr's Nwr w =
<br /> NOR4IEST MORTGACE, INC. �
<br /> (the "Lender") �
<br /> of the same date and co�e�in�the property described in the Security Instrumen�and located at, _
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<br />-; f312 S OAK Sr. CRAND ISLAND. NE 68801 _-.
<br /> (Pro{xns�Addrcs�J �
<br /> The interest rate stated on the�1oie is called the"Note Rate."The dato of the Note is called the"Note Date."I understand —
<br /> the Lender may transPer the Note, Security Insttument and this Rider.The Lencler or anyone who takes the Note,the Security —
<br /> lnstrument and this Rider by tra.�►sfer and Nho is entitled m rcceive payments undcr the Notc is called the"Noce Holder." e
<br /> ADDITiONAL CO�'ENAN7'5.in addition to the covenants and agrcemenu in the Security Instrument,Borrower and Lender =
<br /> further co�eawt and agree as follows(dapite anything to the contrary contained ia the Security Instnunent or the Note): --
<br /> :;,� 1. COAIDiiiO�iAI.�Ziiui-ii'i'0�.�c"�tiAti�� �
<br /> At the maturity da:::f the Note and Security i:,�;n:meat(the"A9awriry Date"),I will be able to obtain a new loan("New �''
<br /> =• Loan")with a new hia.i:rity Date of MAY 1 ST ,20 26 .and with an interest rate equal to thc
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<br /> "New Kr:;42ate"determined in accordance with Section 3 below i��11 the conditions provided in Sections?wd S below are met
<br /> •� (the"Ce:s�tional Refinanciag Option").If those conditions are not mzt,I understand that the Noto Holder is under no obUgadan
<br /> - to refinan�,e or modify d'se Note,or to eetend the hlaturity Date,and t4at I wiU have to repay the Note from my own resources
<br /> ,-,� or fmd a tender willing to lend me the money[o repay the Note.
<br /> v� 2 CONikTiONS'f0 OMION �
<br /> _-'� ]f I Want to exacise�he Condiuona3 Refu�an.�iqg Option ac maturity.attain conditior�s must be ma as of the Maturity Da:e. _
<br /> Thae mnditions aze:p)I must still br t:�ow�n..K an�occupant of the propeny subject to the Security Instrumrnt(the"Property°'�;
<br />:i (2)1 must be cvrtrnt in my monthly pannaa:s and ca�-'wt l�ave been more than 30 days lute on any of @�e 12 schatulod ma�thlY p�5'��
<br /> _.. ��Y P��B the Maturity Date; (3)no lien a,pinst the Property(exapt for tax�.�s and spaial assessma�ts not yet due aad
<br />.,.� payabk)other than that of the Socunty Inurumrnt may adst;(4)the New Note Rate camwt be more chan 5 paoeat�e points ahove
<br />�, tLe Noto Rate;and(5)1 muu make a wntun requ�;t to the Nou Holda as providal in Socxion 5 txbw.
<br />�a: 3, CAI,CUI.AIING THE NEW NOTE RATE
<br />--= 7fk New IVOtt KBiG�elll be a tuai nte oi interesi cyua3 iv ux rcuc►dS i�uau iiiwtj���w��5��yw�v"'�i :.w���.'�f..:
<br />�' 3p.yar fuced rate matgaQes subjat to a 60-daY m�ndat�Y delivay canmiunent,P�us onahalf af ooe Paoa�e Po?nt(0.5�.),rauu3eci _
<br />� w the neanst one-dahth of one perantage poim(0.125�1i)(the"New N�e Race"l.The requirod net yield shall be the aPDLcable net _
<br /> � yield in effax on tIx due�nd time of day that ilx Nou HoWer reaives noria of iny ekction to exac�se the Conditional Refictztxu�g
<br /> �° Opdon.If ctus rcquiral na yield is noc�vail�ble.the Note Holda will daamine the New IVote Rau by using wmparabfe infarmuinn.
<br /> 1. CALCUI.ATING'ft�NEW PAYWff.M'AMOIM
<br /> � Provided the New Note Rau as cakulated is� Sectian 3 above is noi grater than 5 pacmcage points above the Note Rate and
<br />� all other oonditions roqnired in Section 2 above ue satisfud,the Note Holder will detamine the anwunt of tlu mont}ily paymeat tt�at
<br /> will be sufficirnt to repay in full(a)the unP�P�P��Plus(b)aa�need but unpaid interest,pius(s)all ottxr sums 1 will owe unda
<br />- the Note uid Sec.�urity instrument on the Muurity Date(assuming my monthly paymrnts thm are currrnt,as roquired unda Section
<br /> 2 above),over the tam of the New Note at the New Note Rate in equal monthly pay,mrnts.The rault of this c�lail�tiop will be the
<br />— amaint of my csew prinapal and intaal p1Y�+i �'aY month until the New Note u fully paid.
<br />� S. EXFRCIS[NG THE CONDTi'IONAL REFlNANCING OPTION
<br /> 'i'he Note Ho4ler will noufy ne at leau 60 c�.3ar days in s,vsr.x of t�e Mar.uEty Dstc and a�vi: •of the��,rinciral,saxued -
<br />� but un�aid intaat,and all otha sums I am expeaed co oue on thc Matw�ity Dnte. The Note Ho1da aso will advis�e me that I may
<br /> �' • aerciu the Conditional ReFu►ancing Option if the condivors in Soaion 2 above ue ma.The Nou Ho1da will provide my paynxnt
<br /> � reoord infom�ation,togettur w;th the name,titk and addras of the person representing the Note HQider that I mua notify in order
<br /> .— to acucix the Condirional Rofinancing Option.lf i mat the conditioas af Seaion 2 above,I may rx�crise the Conditia�!Refinancing
<br /> � Option by notifying the Note Holder no later than 45 calauiar days prior to tlse Maturity Date.'IT�e Note Holder will ca�ulate the
<br /> � fixod New Note Rate baud upon ttu Fcderal National Mortgage Associauon's applirabk published requirod net yietd in effect on the
<br /> � date and time of day rwtifuatiaa is reaivod by the Note Holda and as calcut�ted in Secti�on 3 abova I will then have 30 calaidar days
<br /> to provide the Alote Holder with uaptabk proof of my required ownersh:p,occupancy and property lirn staius.Befote the Maturity
<br /> �' Date the Note HoWa will�dvise me of the new irrterai rate(the Kew Note Rate), t�ew monthly payment amount and a dau,time
<br /> aad plaa az which I must zppear to siga any documeau requirod to oomplete the required refinancing.l underuand the Note Ho;da
<br />:'� w�71 chargo me a 5250.00 proassing fce and the costs assocaated with updating ehe titk policy,if any,and any reasonable third-Part}+
<br /> costs,s�uh as docununtaiY stamPs, intangi'ble tax.survey.recordin�fas. etc.
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<br /> � BY G!VlNG BELOW.Bosrower acoe�ts and agraes t the cenus sud co�ertauts owitained in this Ballaon Ridu.
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