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a9ook78=s CAP ASSUMPTION RIDER ib ~i .,,~~.t1 ~ O n o THIS RIDER is made this 27th d,y of February _ ,1~4 and.- is incorporated into and shall be deeded' to adend and supplement the Desd of Trust or Mortgage (the "Security Instrument")` of the same date given by the undersigned (the "Borrower") to secure Bortotre's Note to Tower Financial, Inc. (the "Lender") of the same date (the "Note") and covering the propartp dstctibed in the Security Instrument and located at: 119 Chantilly, Grand Island, Nebraska 68801- (Property Address) In connection with the Note and Security Instrument executed by the undersigned Borrower and of even date herewith, Borrower and Lender hersby agree to the following additional provisions: The following paragraph 25 is hereby adopted: 25. Transfer of Property; Assumption. NotwiLhetanding the provisions of paragraph 17 hereof, Lender shall waive Its opEionr to accelerate under paragraph 17 if (1) prior to such sale or transfer Borrower notifies Lendar`of the proposed transaction and sees that Lender is given say:infnrmation it may request in order to evaluate the person to whom the property is being sold or. transferred, (2) Lender determines, in its sole discretion, that a;swption of the loan by the proposed purchaser or tranaferree will' meet. standards of creditworthiness and security which are acceptable to it, which standards shall, insofar as may be practical, be the same underwriting standarda,as are- then applied by Lender in connection with making a new loan, (3) the person. to 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 provided belov,:and (4) no other defaults exist under the Deed of Trust or the Note se~ured- hereby. If this loan permits conversion [o a fixed interest rate and payment, then this rider shall only apply [o a sale or transfer consummated prior to such conversion. Upon election of Borrower to convert to a fixed rate and/or payment, this rider shall terminate and shall have no force and effect on any 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 payment amounts are computed from time to time, then such maximum rates will be increased one percent, consecutively, for each assumption pursuant to this paragraph 25. Any such increase will be effective on the first change date following Lender's offer to approve the assumption if such transaction is thereafter consummated. Dated: February 27, 1984 !~i ~ _ Stanley nj Dow- {Borrower) Borrower STATE OF NEBRASKA, Hall County; ss: The foregoing instrument was acknowledged `before me this -'7th day of February ,1984 ,by ~ 171. 1~,7;,v~t+z_ Siitness my hand and official seal. !EY commission expires: DEN15E KAY LO WRY ~~ / _ GENERAL NCI7ARY S~a.ao~Nea. ~ "--~-,.- '~~ ~',:.'r4' - ~'.3 rnr Gq~,. [.a. Aug, ~s, ~gg~ _ _- .., {Notary: F , li'c ) new '(86