Laserfiche WebLink
<br />C`90IC~44-4 <br />CAP ASSIIMPTION RIDER <br />84 - 002131 <br />I THIS RIDER is made this list day of April 19£14 and is <br />incorporated into and shall be deested to amend sad supplement the Deed of <br />Trust or Mortgage (the "Seeuritq Instrument") of the ease date given by the <br />undersigned (the "Borrower") to secure Borrower's Note to <br />Toner Financial Inc. (the "Lender") of the <br />sane date (the "Note") and covering the property described in the Security <br />Instrument and located at: <br />A.1: b' 75th ~'rard 7s long, Sehraska fRRttl <br />{Property Address) <br />In connection with the Note and Security Instrument executed by [he <br />uadezsigned Borzowec and of even date herewith, Borrower and Lender hereby <br />agree to the following additional provisions: <br />The fallowing paragraph 25 is hereby adopted: <br />25. Transfer of Property; Assumption. Notwithstanding the provision. of <br />paragraph 17 hereof, Lender shall waive its option to accelerate under <br />paragraph l7 if {1) prior to such sale or transfer Borrower notifies Lends! of <br />the proposed transaction and sees chat Lender is given any inforastiom it say <br />request in order to evaluate the person to rhos the property is betas sold of <br />transferred, (2) Lender determines, in its sole discretion, that. assumption of <br />the loan by the proposed purchaser or transferree will see[ standards of <br />creditworthiness and security which are acceptable to it, which standards <br />shall, insofar as say 6e practical, be the same undervtiting standards as are <br />then applied by Lender in connection with making a new loan, (3) the persaa to <br />whoa the property is to be sold or transferred executes a written assuaption <br />agreement accepted in writing by Lander, agrees to pay an aasumptlon fee which: <br />shall be equal to the origination, discount sad other fees, charges sad <br />procesdng costa [hen being charged by Leader on similar per loans, and aster <br />to an increase in any applicable maximua interest rates as provided 6sla~-, sad. <br />(4) na other defaults exist under the Deed of Trust or the Mots secured <br />hereby. <br />If thin loan permits conversion co a fixed inurest rate asd payaant, <br />then Chia rider shall only apply to a sale or transfer conautatted prior to <br />such conversion. Upon election of Borrower to convert to a fined rate andlor <br />payment, this rider shall terminate and ahail have no forea sad effect on auy <br />sale or transfer conau~ated thereafter. If this loan provides Ear amy <br />maximum interest rate, either with respect to the interest rate charged or [h~ <br />interest race on rhich per payment amounts ate computed from lima to fiat, <br />then such maximum rates will be increaad ore percent, consecutively, for sash <br />assumption pursuant to this paragraph 25. Any such incrtase rill be rffscCivs <br />on the first change date following Lender's offer to approve the assuyrtlan it <br />rush transaction is thereafter consummated. <br />~. <br />Dated: Apri 7 ?1 , 7 47?b .'~` °'~r^'~. =r -_-~- <br />uonalt? M. Christensen `' BOirOwer) <br />I'eAnn E;. C7,r5sCenxen (BOttOrei~ <br />STATE OE NBBlASKA, "a'--= County. sa: <br />The forsgoinn~s instrument vas acknwledged before me this 'l.st day of <br />Alrril 19?3~ by konalct i`. t'h ristensen and 7`e!inn ~. ChTt'LR enazen, <br />. us ere e <br />ititneas s4 hand sad official anal. <br />~b cataission e:pirea : ~~Gc~,.,» _? _. ~ ~ ~ <br />f o' -.:. <br />~~rwsE Kr,r tsawar !'~~-'~ <~a~~ ~" <~ <br />r,~ti(1<Ai NQtARY 'C+>»"e~+=~ tNatary ~, lit) <br />Ma :.Meal Eft. Ayl~ 2~, 4Y#r` <br />T!tC -UzI t~lc~ <br />e~uw ZIR3 <br />