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ASSUMPTION RIDER 104189 THIS ASSUMPTION RIDER is fade this 3=_ day of August 0 1989, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the •"Security Instrument ") of the salsa date given by the undersigned (the "Borrower ") to secure Borrowera'a Adjustable Rate Note (the "Mte") to Cosma<rcial Federal Mortgage Corporation (the "Lender") of the safe date and covering the property described in the 'Security Instrument and located at: r ow Dr. rramd Island NE. 68803 Property Address Except as provided in paragraph (D) of this Rider, Uniform Covenant-If--of the : Security Instrument is ameriee here'-y as rolIowa: (A) C0NDITI0NS OF ASSUMPTION Should Borrower decide to sell all or part-of the PROPERTY, Uader, i`shii.: 'riii an assumption of this loan under the, folloohng condiclons: 1. The loan is in either the ono,-jear.,.adjustable rate mode or three year fixed rate mode. 2. The person, to who& the property is to be sold or transferred has credit and Income verified. to the satisfaction of the Lender. 3. Lender .rmecolves. xh assumption fee of 2 percent of the outstanding priaeipa.l balsac�R (B) ElTWGlow OF TERM If r ditions is paerog' raph (A►) a eve have been satisfied, the Borrower has the option ct: *1tending the remaining ocia of the loan a maximum of ten years, provided that by such an extension, the remaining term of the loan does not exceed the length of the original term. The extension of term provision is available only to the first assumptar. (C) AW'1 ONAL 'ADVANCES If'.'t~oadittons in paragraph (A) above, have been satisfied, Lender will permit additioaW advances to the assumptor not to exceed 30 percent of the oriStail-:amount of the, Vii, providing 6*14 advances together with the outstanding principal = asount of indebtedness ,. do not exceed 90 percent of the property value as determined by. the current appraised: value. Such advances, with interest thereon, shall be secured by'r th4s security i'mOttumant when evidenced by promissory notes.statin; that said notes. are secured hereby. Thm additional advance option is avail;lat�l.e -nnly to the first Sasumptor. (D) TERMINATION OF ASSUMPTION OPTION This assumption option will terminate if the Borrower has converted the interest rate on the note secured hereby to a permuient fixed interest rate loan. Transfer of Property /Assume --.ion provisions Included in Unifarw , Covenant 17 of the Security Inaciwant will be its effect if the assumption option, im terminated as provided in this paragraph. witness .time Hasd,(s) and s) of. �8ndersigned.� , Date - Borrover.. Date Bo (Seal) rrower (Seal) Date Borrower TMC -203 NEW 9/23/87 7' .sir.. s