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200008622
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Last modified
10/13/2011 8:41:30 PM
Creation date
10/20/2005 9:52:22 PM
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DEEDS
Inst Number
200008622
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200008622 <br />and Borrower pays to Lender, upon demand, all costs and expenses <br />incurred by Lender in connection with reviewing Borrower's request; <br />and <br />(6) the creation of a tax lien or a mechanic's, materialmari s or judgment <br />lien against the Mortgaged Property which is bonded off, released of <br />record or otherwise remedied to Lender's satisfaction within 30 days <br />of the date of creation. <br />(c) Lender shall consent, without any adjustment to the rate at which the <br />Indebtedness secured by this Instrument bears interest or to any other economic terms of <br />the Indebtedness, to a Transfer that would otherwise violate this Section 21 if, prior to the <br />Transfer, Borrower has satisfied each of the following requirements: <br />(1) the submission to Lender of all information required by Lender to <br />make the determination required by this Section 21(c); <br />(2) the absence of any Event of Default; <br />(3) the transferee meets all of the eligibility, credit, management and <br />other standards (including any standards with respect to previous <br />relationships between Lender and the transferee and the organization <br />of the transferee) customarily applied by Lender at the time of the <br />proposed Transfer to the approval of borrowers in connection with <br />the origination or purchase of similar mortgages, deeds of trust or <br />deeds to secure debt on multifamily properties; <br />(4) the Mortgaged Property, at the time of the proposed Transfer, meets <br />all standards as to its physical condition that are customarily applied <br />by Lender at the time of the proposed Transfer to the approval of <br />properties in connection with the origination or purchase of similar <br />mortgages on multifamily properties; <br />(5) in the case of a Transfer of all or any part of the Mortgaged Property, <br />or direct or indirect ownership interests in Borrower or Key Principal <br />(if an entity), if transferor or any other person has obligations under <br />any Loan Document, the execution by the transferee or one or more <br />individuals or entities acceptable to Lender of an assumption <br />agreement (including, if applicable, an Acknowledgment and <br />Agreement of Key Principal to Personal Liability for Exceptions to <br />Non - Recourse Liability) that is acceptable to Lender and that, among <br />FANNIE MAE MULTIFAMILY SECURITY INSTRUMENT - Form 4028 4/98 Page 30 <br />NEBRASKA <br />
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