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(J`i:~'~~ 1 tJ ~ ~ $ ~ ~y(;L'z429-3 CAP ASSUMPTION RIDER TRIS RIDER is made this 24th day of February ,1984 and is incorporated into and shall be deemed to amend and supplement the Deed of Trust or Mortgage (the '"Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Note to Tower Financial, Inc. (the "Lender") of Che same date (the "Note") and covering the property described 1n the Security Instrument and located at: 2204 S. RuQust, Grand Island, r<ebraska 68801 (Property Address) In connection with the Note and Security Instrument executed By the< undersigned Borrower and of even date herewith, Borrower and Lender hereby agree to the following additional provisions: The following paragraph 25 is hereby adopted: 25. Transfer of Property; Assumption. Notwithstanding the provisons:-'of- paragraph 17 hereof, Lender shall waive its option to accelerate under paragraph 17 if (1) prior to such sale or transfer Borrower notifies Lender of the proposed transaction and sees that Lender is given any information>it may request in order to evaluate the person to whom the property is beagasold or..' transferred, (2) Lender determines, in its sole discretion, that.assumpiion of. the loan by the proposed purchaser or transferree will meet atandardat of° creditworthiness and security which are acceptable to it, which standarda.:_ shall, insofar as may be practical, be the same underwriting standards as ate. then applied by Lender in connection with making a new loan, (3) the persgn tn. whom the property is to be sold or transferred executes a written assumption: agreement accepted in writing by Lender, agrees to pay an assumption fee-which- shall be equal to the origination, discount and other fees, charges and processing costs then being charged by Lender on similar :new. loans, and agrees to an increase in any applicable maximum interest rates as pzoxided below, and (4) no other defaults exist under the Deed of Trust or the: Note. secured hereby. If this loan permits conversion to a fixed interest rate and payment.,-- then this rider shall only apply to a sale or transfer consummated prior to such conversion. Upon election of Borrower to convert to a fixed zafe and/or payment, this rider shall terminate and shall have no force, and effect on spy,- sale or transfer consummated thereafter. If this loan provides: for- any maximum interest rate, either with respect to the interest rate charged or the interest rate on which new gayment amounts are computed £rom time to :time;, then such maximum rates will be increased one percent, consecutively, for.eaeh. assumption gursuant to this paragraph 25.. Any such increase will be effective on the first change date following Lender"s offer to approve-the assumpCon.if such transaction is thereafter consummated. Dated: February 24, 1484 r ~'f Sharon K. a;ishop s ( `rower) (Borrower) STATE OF NEBRASKA, ?:all County, ss: The foregoing instrument was acknowledged before me Chia 24th day of February ,198L ,bY Sharon K_ Riahnn ~ et..mie ..e«~,... Witness my hand and official seal. My commission expires: ,f„ ?~~1%~` RfCMARU VAN ZYl !~~` ~~ ~-~: .-- GFtifRMN07Al1Y.'M.+~o!Pi~p,., {Notary Putf'i lc) -..-._._ MY Cantu. G p, tin. 3t,1F ~Y ['MC-021. c °ic ) new '_T185