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0900522-1 CAP ASSUMPTION RIDER ~ ..--. t - U 10'7 0 THIS RIDER is made this 1st day of March ,19 84 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 the same date ([he "Note") and covering the property described in the Security Instrument and located at: 3422 w. Capital 114. 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 hereby- agree to the following additional provisions: The following paragraph 25 is hereby adopted: 25. Transfer of Property; Assumption. Notwithstanding the provisions; 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 anp information-it'mag , request in order to evaluate the person to whom the property is being, sold. or transferred, (2) Lender determines, in its sole discretion, that assumption of :. the loan by the proposed purchaser or tranaferree will meet standarda:.;of creditworthiness and security which are acceptable to it, which standards shall, insofar as may be practical, be the same underwriting standards 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 below, and (4) no other defaults exist under the Deed of Trust or the Note se¢u,red 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 ao- such conversion. Upon election of Borrower to convert to a fixed rate andl.ar 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 he,. interest rate on which new payment amounts are computed- from Cime to time,_ then such maximum rates will be increased one percent, consecutively, foci-: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: Pfarch 1 , 1484 ~~ ~`-- '' 1~~ ~,~ ~ ' ,., ,°~, J,L,, ~ ~ ~ cz~ ~ Constance Catherine Bourbon (Borrower) (Borrower) STATE OF NEBRASKA, Hall County, ss: The foregoing instrument was acknowledged before me this js{ day of March ,19$_,by Constance Catherine Bourbon Witness my hand and official seal. My commission expires: DENISE KAY LO WRY ~ i~ ~~.. GENERAINC+TARYSis,nolNebr. ~~t`-"~T~.``~L~: X ~~` ~ ~,,. "ri.--..s My Cumr. P~v. Auk. 25, 19&7 ~`_ (Notary ~ublic} `. T?^fC-021 (qc) nnv 21g4