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<br /> APBLN 001-6a101001 �+��"=-.� °"'j'='-"'
<br /> „ . , . ' MbN OOOOOOOOOU - � :=:���..��•
<br /> , � �-109�5�� : ��.�
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<br /> • (COPIDITIONAL MODIFICATION AND EXTEN�ION OF LOAN TERMS)
<br /> '""'°"� " 218T d8y Of NOVSNIDFR , 1996 ,
<br /> .,.•+n►� THIS SALLOON R1DER is msdo Ihis
<br /> '. and is incorporaud into snd shall be damed to amend and supplemcnt the Mortgege.Deed of Trust or Deed rn Secure Debt
<br /> (the"Secudty Inswment")of 1he same date glven by tho underaigned(the"Honower")to secure the Borrower's Note to
<br /> � HOME FEDBRAY� 3AVINC38 & LOAN ASOOCIATiON OF aRAND ISLFIND ��e„�nder") . � � �~ 'v5�►;
<br /> ��;�n.,�.l. .,
<br /> j .! :an�.; t�
<br /> of ihe same dat�o and covering thc properry described in tho Securiry Instrument a�id located at: � ��r;;,�a-��
<br /> � G 16 EAST MAGARTHLTR •�� •�
<br /> � ORAND IBLRND� NBB1tAS1(A 68801 j:. ....::I�����:••-
<br /> 5 �,,e_
<br /> � ,�r„-
<br /> wi W..�,��_
<br /> . . 1 �3Jr.:-
<br /> +' ., .:--__`------�-
<br /> .. •� 'Itie Inurest rate ssaWd on th�Note is called the"NoteR A�te of the Note is called!he"Note Date.' I undersstand ��'• _.;��,
<br /> � ►. the Lender may transfer�he Nou, Sxurity lnswmeat end lhis Rider.'ihe Lcnder or anyone who tekes tho Note, tl�e �'�=M��., _
<br /> Security Insnument and th�s Rider by transfer and who is endtled to receive payments under the Note is celled thE"Note �:�?�'���'���
<br /> � Holder." �r_.'��-.
<br /> .,� ADDTi`IONAL COVENANTS. In addidon to the covenonts snd agreements 1n the Secierity Instnrment,Bocrower and i.,���--;. __.
<br />� L.ender fucther covenant and e�ee ss follows(despite anything w the conimry contained in the Security Insaumen�ar the
<br /> 4�=—�—
<br /> . Note): -_-
<br /> 1. CONDi'fIONAL MODIFICATION AND EXTENSIQN OF LOAN TEItMS —
<br /> Ac the malurIty date of tha Nou and Security Instcument(the"Note Mawriry Dau").I w111 bo abk to extend the Note
<br /> �; MaWrity DaUe W DBCEt�IDER iST � 2027 , (ihe"Extended Maturity Date")and modify
<br /> �.rt���RntP tn the°Mc�dif'�ed Note Rete determined in acoordanca wiih Secdon 3 below if all the conditions prnvided in _
<br /> Secdons 2 and S bebw are mcR(the"Coadit�onal Modit'ication end Exteaston Option").If thosa conditions aro nat met,i
<br /> ° � un�derstand tt�at Ihe Note Haldu is nndv no obllgadon o.o rofu�ar�co tbo Note or to modify the Nou.raset the Nate Rate or
<br />� � extend the Nooa Maturity Data,and tl�at I wnll have to repay the Note from my own resources ar�'ind a leader wllling to
<br />�l. lend rr�1he money to rq�ay tha Note.
<br /> ,�„±. , .
<br />_�,1� ^ 2.CONDI7TON5 TO OPTION ;
<br /> �� If I want to execcise the Condidonal Modii'�catk+n and 6xteaision Option�cateir�wnditions must be met av of ehe Note
<br />�;r.�:y'_ -..� sub t to the SeCUrity �
<br /> z,�,,�-. ._;�. Mawrity Dota.'Iha9e conditioas are: (1) T must still be the oaner and occupent of the propaty jec
<br /> . •.�:, ,. ,. • Insuument(the^pr�p�ty");(2)I must be current in my monthly pay�ents end cannot have bcen moce ttian s0 days Is�ta on
<br />'"�--' ��;..+..:;� � any of the 12 schedu7ed-monthlY PaYments immedlately preceding the Note Maturity Dace:(3)thue ace no licns�defects�or
<br />-'_°;,';:�.- �^. � eacumbre«ces�gai�►at the PropertY. or othca advclsa msitteis af#'ecdng t[de to the Property (oxceps fa taxes and speciai
<br /> J.�!�'•
<br /> �.J..:. ;�i"� ' essessmtnts not yu due and payabk)etising atter the Seciutty Instnunent was cecordod;(4)the Modified NW�e Reto cannut
<br />:�*_�^�;� be more ihan 5 pacentega pm3�a�s above the Note Rote; and (S) I must mako a wrltt,e�roquest to the Nou Holder es --
<br />---�.�'•-��`�� pmvided ia Sxtion S below.
<br />-''��"����� 3.CALGULATQ�iG TIiE 1VYODJFIEY!NUVfE MTE
<br /> "-�_p,,;����] 'Iho ModiFial Note Rate wil1 bo a fua�rate of inunst equai to the Federal Homo Loan Moctgage Cocporation's
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