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<br />. � — �OyE3b�a Il'UNUITIU:VAI. RII;HI' 'ill RF:FINAh('F►
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<br /> • I � MAY . 1�6 , �~
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<br /> � TfItS UALI.IX)I�; RIl)L'R is madc ihiti 77H da}� oi ��
<br /> �nd ic inror�rate�i into and�hall he Jecmed to amend and+upplemer.t thc hlortgage,Dced of Truct nr uccd to Sccure Debt(�hr �.�
<br /> � •�Grnrit� InStrutnent")uf the ume datc Qi�en hy the undersigncd Ithe'•Barrower")to secure the F3orrower's hale ta � _
<br /> �*� �1►1FI+J�ST MOR 1 laHVr, iivi.. —`
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<br /> of the same date and coticrinF the property described in the Security Instrumen�and lo:ated at: �:;..
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<br /> 4054 REGAL D[�IVE, GRAND ISLAN�� NE 68803 . `"_
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<br /> (Property Addttss)
<br /> The iaterest ratc stated on the Note is talled the"Note Rate.''The date of the Note is called the"Note Date."1 understand _
<br />.� the Lender may tra�sfer the Note,5ecurity Instrument and this Rider.The Lender or anyone who takes the Nate.the Security _
<br /> lnstrument and this Rider by transfer and wha is entitled to recei��e payments under the Note is called the"Note Holder."
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<br /> � " ADDITIONAL COVENANTS.ln addition to the co�enanu and agreements in the Security Instrument,Borrower and Lendtr —
<br /> ,� further co��eaant and a�ree as follows(despite anythinr to the contrary contained in the Security instroment o�the Nete): `
<br />,�� 1. CONDIiIONAL RICHT TO REFINANCE _
<br /> At the maturity date oi the Note and Securiry instrumem(the"Maturity Datd'),I will be able to obtain a new loan("New
<br /> � �� •�T �p 2b r:�tiiith an�nttrtst tAte equal to the
<br /> ;�,-� Loan")with a new Mamriry Date of 3L�+� i°' ,� • _
<br /> 1� "New Note Rate"determined in accordance with Section 3 below if all the conditions provided in Sections 2 and 5 below are met
<br /> (the"Conditiortal Refinancing Option").lf those conditions are not met,I understand that the Kate Holder is under no obligation
<br />� -�' � � -� to re�naace or modlfy the Note,or to extend the hfaturity Date,and th�t 1 will have to repay the No:e from my own cesourca _
<br /> or fiad a lender willing to lend me the money to repay the Note. _
<br /> _— 2. CONDiIiONS TO OP'TION
<br /> If 1 want to exercise the Conditional Refinancing Opcion at maturity, cenain oonditions muu be ma as of the Maturit�Date.
<br /> 'ilxse oonditionc ue:(1)1 muu still be the owner and occupant of the propaty subjcrt to the Sec�uiry Instrumrnt(the"Prc�perty")�
<br /> � (2)I must be currrnt in my monthlY payma�u and cannot have been morc thai:30 daYs laie on any of the 12 schedukd montlslY PeY�u
<br /> imtnediauty Precodin8 the Matwity Date;l3)no tien again.0 the PrapatY (acept for taxes and sPoaal auessmenu not yet due and
<br /> WY�ble)other than that of the Seciuicy Instrumrnt may e�dst;(4)the New Note Rate cannot be more than S paantage po�nu above
<br /> the Nac;.ate;azd(5)1 muu make a wntun roquest to the Note Hol�a as pcovided in Saxion 5 bdow.
<br /> 3. CALCU1.A77NG THE NEW r0'lE RATE
<br /> ;_ '1't�e New Note Rate will be a fixed rate of interest equal to the Federa]Natioaal Mortgage Association's requir�d nd yidd fot
<br />"�'Y� 30-Y�fuud rate matSa�es subject to a 60-daY mandatory deliverq comm;anent,dus ono-half of c�ne paantage point(O.S�i),rounckd
<br /> �,:h;.:..:rM�^..••••�-�s"�'•�.h nf�w►r m4mta¢e[f0int(0.125S�f)(tI1C'9�ew Note Rate").The required net yie]d sisall be the app�icaWe nd
<br /> �.,.�_.._.�....
<br />.�:� yidd in effat a�the date azu!timt o.°day thai the Note Hokkr rxava notice of rny eiation to e�e�rise inc i,w�uii;ww r�.�.,.��a
<br /> i� Optiou.If this required aet yield is not ava�bk,the 1Vote Hokier will deta'm3ne the New Nou Rate bY us�8��iafottnation.
<br /> �� �, CAI,CIJLAT[NG THE NEW PAYN�NT AIHOUNT
<br /> -°� providod the IVew Note Rate u calculacad►n Section 3 above is not�eater t1�an 5 tsaoentaSe poinu above the Note Rate and
<br />•� �Il otha conditions roqu'ved in Secticx�2 above arc satisPud,the Note Rolder will detmwx tue amount of the monthlY PaYment tt�t
<br /> � will be svfficient to repay m full(a)the unptid Priacipal�Plus(U)accrtud but unpaid interest,Plus(c)all ottxr sums I will owe unda
<br />� ,. the Note and Saurity Icutrument on the Muurity Date(assumin8 mY monthll'P�Y�u then are current,a�required under Section
<br /> 2 abovel,over the term of the New Noce at the New Note Rate in equal monthly paymrnts.The rauk of this calculadun will be the
<br /> �� �noaat of my new principal aad intaest paY���«Y�h until the New Note u fu11Y P�-
<br /> —�a•� S, p�( �;'I'[�CONpF:'IONAL RE�INANCING 0�0�1
<br />�� The Note Hei�r w�71 notify me az leau 60 c�lendar days in advanoe af the I►tatwity Date and adv�sc me of the principal,acrnud
<br /> _�„ lr�t!ie�id interesr,and all ottxr sums I am expeaed to owe on the bluurity Da:c.The Note Hokkr also will advise me that 1 may
<br /> a�ercise tlu Conditional Refinancin8 Option if the condiaonc in Section 2 above are mei.'tl�Nok.Y.c!:,.-r�.�1 pla�.dt m;F�Y�!'t
<br /> � rocord inform�ti�on,to8echer with the name,dtk and address of the pason represenang the Note HoWa�that 1 muse notify in orda
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<br /> to exerase the Conditioml Refinancing Option.If I mat the mnditions of Secdon 2 above,I may exercise the Conditioml Refu�acscang
<br />,,� Oprion by notifying the Note Holder no lata than 45 calendar daYs P�or to the I�faturiry Date.The Note Holdet will calculate the
<br /> fixed Naw Note Rate b�sod upon tlu Federal National Mortgage Assoaanon's applicabk publuhed roquirod net yield in effact on the
<br /> °'�� date and cime of day notification�s reaived by the Noce Holda and u calculated in Secaon 3 above.i will ttxn have 30 c�kadu d?ys
<br />'�� to provide the Note Heider with acceptable proof of my required ownership,oaupancy aad ProPerty'lien u:z�:s•&forc the Matunry
<br /> Date ttie Note Holder wzll advise me of the new interat rate(the New Note Rate),new monchlY PaYment a^:ount and a datt,time
<br /> � to si an documenu required to complete the required refinancing.I understand the Nou Holda
<br /> .� z.�d p{�oe at which I must appear 8n Y
<br /> w�71 c.huBe me a 5250.00 processing fa and the costs associated with updating the titk policy,ei aaY.at►d any reasonable thiid-party
<br /> oosts, wch as doaimentarY st�mPs.intangible tax.surveY. recordin8 fecs.etc.
<br />;;�� BY SiGMhG BEIAW,Borrower urepts and agrees to the terms and covenanu wntained in this B�oOA�-
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<br /> A{V E ,I GNO -gwroWU TR D GNON -Borrower
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<br /> � �� -a«rower
<br /> , - � �Sign Original On/YI
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<br /> IIAULTISTATE BALLOON fi1DER-Sinpls F+rtrIY-Fami�AAr lkiilo�n 1ix��1 Fortn 3100 1?!89 Mwd�d 3J92 fPape l of 1 ange)
<br /> _ I �-87b�a70� vYP AAOATCiAGE FOiWS• �800�52/•7291 �hintd on RxycbA►p�r
<br /> ` NMFL 3180 M93
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