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~,..• 001846 040782-1 CAP ASSUMPTION RIDER THIS RIDER is made this 9th day of April ,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 Toyer Financial. Inc. (the "Lender") of the same date (the "Note") and covering the property described in the Security Instrument and located at: 1033 N. Sheridan. Crand 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 Lander hereby agree to the following additional provisions: The following paragraph 25 is hereby adopted: 25. Transfer of Property; Assumption. Notvithstsading the ptovisionr. a~ . paragraph 17 hereof, Lender shall naive its option to accaleraRe ua~r paragraph 17 if (1) prior to such sale or transfer Borrower notifiet Lsmdat:af` the proposed transaction and sees that Lender is given ang SnfotYCion St-#~-~ request in order to evaluate the person to whom the property is beins sold ~t transferred, (2) Lender determines, in its sole discretion, that assumption of the loan by the proposed purchaaec or transferree will meet •tandards of creditvocthiness and security vfiich are acceptable to 1t, which atatldardsr 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 as assumption fee which shall be equal to the origination, discount and other fees,- chars sad processing costa rhea being charged by Lender on similar new loans, and.agreas to an increase in any applicable maximw interest rates as provided below, and (4) no ocher defaults exist under the Deed of Trust or the Nate secured hereby. If this loan pernits conversion to a fixed interest rate. and pagmeat„ [hen this rider shall only apply to a sale or transfer consummated prior- to such conversion. Upon election of Borrower to convert Co a flied rate aigd,/gr payment, this rider shall terminate and shall have no force and of€ecE on say sale or transfer consummated thereafter. If this loan provides far sag maximum interest rate, either with respect to the interest rate charted or the interest rate on which sew payment asounta are computed from tine to ttiMt, then such masimum rates will be increased one percent, coasacutivelg, €or each assumption pursuant to this paragraph 25. Any such increase will be affeetlva on the first change dace following Lender's offer to approve the assumption if such transaction la thereafter consummated. ., Dated: dprii 9, 19E4 r^-'~• ~, ~c..rtn./~! - -- - ---- z ,~--~~ Boughs a~ / (Borrower) __. ~- Caroi~~y ~Faye~-tee~f-~-~rrover) STATE OF NEBRASKA, Nall County; ss: The foregoing instrument was acknowledged before me thin 9th day of Aril 19 F4 ,by rnu~ias Maui Lees and i:arolyn Faye I"e~ed'; husband and wife ~ ~ _ -' _-"'~""' Witness my hoed and official seal. ~ comaisslon expires; ,;~1'~~~i~~, • ^ ~~~{~ K~~ ~Q~~Y f r r _. FaFNtR 4i NC37aRY k„+,.,i ^aaa+ ~•-._<. - _..._-. ~,d. ~."~ ~+,c~a.,s c~~ ~,~ .y #asr {*iotacy publi4)' a •W ..?:25