96103438 - Laserfiche WebLink

Browse

^��_u.�, . �cx., __�.rasr.�'_ , -»..i+411�.`'.':"=: . . - ----�i �r'i�r,...,_„__,. � . �r r.�;.��..:. . . �. y;.�,�._ �. �.. . . ,.t,G.BicJ�b�i+°h°'- , _ .*.^-�ysl. � __ . i: rY _ . .. .._..,.r� �R�'tif��L'R�; _ ' ' '�.......�a_��:=_s��.FS�.�n�1.�.�.��.z"'�_.: - .__sf'�-'.�+r� __ BALl.O�I�! RIDER -� ZCONDiT10NAl. RIGH�'TO f�EFINANCE) 9G"'O '�:'ZR _ _.�a.,.. . . _ � `- �_ THIS BALLOOH RlOER is mad�thla�,day ot�Q[�(_ , 1996 , end ts incap�nt�d into wxi olwl+ -_ Ca deemr;3 to srtsand :.nd nr�pkmen! Mes McylL�ai+e. Lk+rci� Truct or Oaad lo S�wro Wbt t� "SecuntV Instrunrnt') of th� sanw dNs = piv�n by th�und�sl;ynod(ch� 'Bortoww')to s�curo tt+�Borroww's Noc�to Th� Ov�riand Natlonsl E�anic nf Orand (alund A ` llni�.�f St.1�.�pr�ypr�pn (th� "L�nd�r') ol th� s�m�dab�nd COVetk�p lh�propMy -� �f�scribW in th�S+curiry Instrum�nl and bcat�d at c a609 Rtvanr�w [!r rand lalan�j N�braska 68fl�,,...___ _..., (ROpeny AOOrrC:J � Tfw fntrat r�t�stRt�d on the Not�I� c�N�d 1M 'Noi�Rate'T1w drt� ot tha Nat�la caYod tn� "Not� Date.' I u�drniand tM l�ndu may transt�r th� Not�. S�+ritY Inalrurtwit and thls Rld�►. Th� L�ndr ar�nyon�who tskas lho No"t�. th�S�curily Instrum�nt�nd thla Ridr by u�ml�c and who Is�nWl�d to rw;�ir�p+�ym�nts unda tl►�NoSa In catl�d tM "Nott HoWM'.' ADDITIONAL COVENANTS. In addabn to M� cov�nants ��d aqrNn�r►b In ths S�curity InsUUmmt. BoROw�r and L�nd�r fwthor covinanl and apra as idlows(desptte�nythinq to th� eontnry centrin�d In th�Swx��ity Inatrumant or the Note): _ 1. COt�DiTIONAL RIGHT TO REFINANCE At Ih�mtlurqy d�U o!th� Not� and Ssciuity {nsWment (tM'Maturity Datr'), 1 wW be able to obUh a new loan ('N�wr tw»')with a n�w MaWrity pat�of MiV 1, $QZ6 , and with an intxest rtte�qual to th� 'Naw Note Aate' d�trrmin�d in accordinco with S�ct�on 9 bebw M wU tM conditlom (xovlded in Sectlon 2 and 5 beiow ar� mel (the 'Conditlorwl RefinancinD Optlon'). It thos� condUons �n not met. I undwstar►d tMt tha NcU� HoWr Is undw no obWpation to nfirunca ot moddy tha Note, or to ext�nd tha MaW�ty Dat�,and tlut I will hava to ��pty th�Nots han my own nsourc�s or�nd�I�nd�r wiitir►p to tend me the mooey to repay ths iVote. 2. CONDIT�ONS TO OPTION H I want to �x�rclse th� Condittonal RoGnanclnp OpUon at maturity, ceiLain conditions muat be mN as o1 the Matwity Dat�. Those condisions aro: (1) 1 must still be ttw ownar and occupant o}the propwty subject to the Seauityr{nstrwn�nt (tlu 'Ptoparty'y; (2) 1 rtwsl be cwrent in my montt;N payrt+ents and c�ruiot haw bMn more than 30 d�ys lata on any ot the 12 schsdutad monthy payrnents invrwdLtdy Pr�c�dinp th�Maturidy Dats: l9) �a iiw��yainst the PropMty Isxcept tor taxss�nd sPec'.la!assessments noi yat du�and payab{e)othar than that ot tha S�cxuiry kutrumant rtwy axk1: (4) th� Now Nota Rate cannoi M mor�tlw� 5 percanLye pohts above the Note Rate; and (5) 1 must m�k��writt�n nqwst to the NoU Holder N provld�d fn S�cUon 5 bslow. 3. CALCULATING THE NEW NOTE RATE Tlu Nw�r NoU Rate wiY he a fuad rat� 01 intorast equal to tAe F�d�ral Natiaul Mortq�qe 0.ssocl�tion's requ4ad na1 ytMd tor 30�y�at fucad rai� mortQay�s s�;ect to a 60tlay m�nd+�tory dNivwy cormnitmait, plus o�whaN of one p�anLye point (0.59i), roundsd to th� n..r.s�o�.-.�nch of cx.Q percw►tape Pok►t (0.125x)(th�•riew Noce aa�a•l.Tne �ufred na yaw srsa�no uk�aw.na y�d h �ttea on th�data and time a day that the Not� Holdor receiv�s notice o1 my election to �uce►cfse the Conditionat R�Anancing OpUon. tt fhls - . . . . ... . .. .. .. .. . .. ..._ .» �-•--'--.,._ .._...�_._.,_... �.. . . (eql��o n�t y�e�o ts rtoc aYaMt�w. uis t�we.�e�ua w� vwwnw..r�Nr��..►.ww....v..�u::"ty Lcs�;..s^"S:st:o. "':ei... .- - -----..._ ... .-- __ 4. CALCULAT1Nti TH� NEW PAYYENT/WOUNT Provided th�New Nxs R�te as calcuY►tW in S�cUon 3�bovs{s nol yreatx th.a,�5 pucentape points above tM NW�Rate and aw other conditions requked in 5�^"..ion 2�bovo ue satb�ed,the Note HoWa wiY detrmin�4'a amount o1 the rtanthly�awn�nt that wiq ba sutSclaru W npaY in tu1 (a)the unpoid princlpal,plus (b) acau�d but unpOd int�ra� plua(c) aY oth�r sums I wil owe uade►the Not�and S�curily Instnxrnert on eh�Mat�rily DW (uwmY�y mY monit�lf►P+Y�ts th�n aro c�urant,as nquind undr S�ctlon 2 �bove). over Uu t�m of th� � Nav t�ote�at tf�Kw t�iot� RW tn equd monthfY WYretimts.Th�rautt ot this calailutlor�will b�th�ariaunt ot my nwv principai and Intrest P�Ym��rY mo�sth uatit LM t�w NoU is TuNy Pald ." S. D(ERCiSING T[iE CONOIT1QNAi..REFINANCINI3 OPTI0�1 TRt C�ot� Hold�r will notdy m� at I�ast 60 calmdar d�ys In�dvanc� of the lutahuity Dat� and adviu ma o1 tht p�t►Cipal. accrued but ur�id htr�ct,and� oth�r suma t am�xpsGed to ow�on th�Manuqy Date. The Nots Holdw atso wil�dvisa m�thai I may ecrciu the C•!�►al RoAntN+�+ (k+tian rf th� aonditiont in S�tion 2 shov� an mM. Th� �1ota HoW�r vtiY P�'�� mY WV�'�u noord intotm�tfon. tosethe�wah th�rwm,ORlr md �dd�as oT the persan npresantiny th�Not� Hokiw that I must notiy in order to axrcls�th�Cond'alonal R.rn.nc�+� oav«,. � r ,,,.�a u,e cor,auor►s a seajo� 2 .bove. 1 may �cise tlsat Conddlonal Refetwu3ny OPUon by noti(yir►y t!w Note Hofder no I�ta tlw� 45 calandar d�ys prbs to th�Mawrity Dat�.The Nota Haida wiY calculat�th� fix�d tJ�w Note Rats bas�d upon the F�al NaUonal Mortfl�9e��0^'�� w+b�sn.d r.�,rb n.�y�a �n aaec� on u,. aat•a„d�n,. of d.y no�canoo ts roca�ed , by tlw Nat�Holder ared u c�k:ulat�d in S�ctlon 9 abow.I will th�n haw 90 caf�xia►days to provid�ths NaU Ho1dK with acc�ptal�k proot of mY�W� ��P. ��Y�d prop�rty Yrn sfatus. B�ton th� MaLUit�Date th�hoU Hoidar wil advise me ot tha naw intK�si raU(th� Nwv tVot�RaON.new monthtY PsY�u arraunt and a d�W. ttrne and piaca ai which 1 must appMr W sl�n any docwrknts requ're� to compieie tha required r�'rwncin9. 1 understand th+Nota HokMr wiN ctwye me reasonabis fea and th� cosLS associWd with ax�►dslns , .Ihe niwnce option. BY SIGN�Na BELOW. Bortower :ccepts and aprass to the tKms and cownants contain�d In thls B�Yoon Riclw. „ The bortow�r(s)acknowt naipt of a copy of thk insVum t . �� . ��y� earow«RICIwd L Harb�auQh ea�owr , ��h (s� 1s�+4 Barow+r Bor*ow.v �� 1�fli)OMY3 - MULTISTATE BALLOON RIOERSinpfe farniy-Fannie Mae Unitotm InstrumK►t Fam 3180 12/89 -: F5719.LAIG(IAo) 96036