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<br />B4..-J 002280
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<br />CAP ASSUMPTION RIDER
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<br />TRIS RIDEI 18 ..de thb 30tl> clay of i\pril ,1914 aIIll i.
<br />ineorporated iDtO aDd shall be de_d to a.Dd aDd su,pl_nt the hft of
<br />Tr<"at: or Mort...e (the "Security IUUuMnt") of the a_ date glevell. b". tha'
<br />unclerdgned (the "Borrover") to secure Bonovet's Nfte to ... ... .............
<br />Tower Financial, Inc. (tha "L.lIltet.rQfgt~,.
<br />.... date ( the "1IIote") ancl cover1Dg the property d_rille. ill" tb.- S~1l..!
<br />In.t~nt and located at:
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<br />1725 freedom l'r, r,rann 1 sltind. ~:ebr8ska t1RP.Ol
<br />(property Addre..)
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<br />In connection with the Note and Security lnatru_u eaacutiliCl".!ly. t""
<br />undersigned Borrower attcl of even date herewith, Bon_ au Le18l.~.:ha,,"'d
<br />agree to the following additional provision.:
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<br />The following paragraph 25 is hereby adopted:
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<br />25. Tran.fer of Property; .uau.pt1on. Notvithata1Hl1.. e_ .""*_
<br />par.gr.ph 17 hareof, LeDder shall vaive its opt1oa to _c.h....~.L
<br />paraaraph 17 if (1) prior to such s.le or tr.nafer BOrt~rnottfl..~te
<br />the propoaed trau.ction aDd see. that Lencler 18 given .11' 1Dfo.,...'(.. ,"
<br />request in order to evaluate the penon to wb_ the property i."i'1(if,~J;it'o~.,'
<br />traufened, (2) LeDder determ.nea, in its sole diacration:, that...~.,ql!,;i.
<br />the lOaD by the propo.ed purcb..er or tr.ufenee will ~ .t........". of'
<br />creditworthiness and security which are accept.ble to it, whiCh .1:___',
<br />shall, inaofar as _y be practic.l, be tbe s_ uDderwritina .t._r...'....
<br />tben applied by Lender in connection witb ...king a new loan, (3) the p.r.-a.:\to.
<br />whoa the property is to be sold or transferred execute. a written aaau.pctoD"'
<br />agree_nt accepted in writing by Lender, agree. to pay an a..u.pt1on fee~l~
<br />shall be equal to the origination, discount and otber fe.., char... .a4,
<br />proce..ina costs tben beina cbuged by Lender on dllller n.. loa1l8, .11111.'~
<br />to an incre..e in any applicable ..xi... inter.at rat.. ..pTo91...~..~,~'
<br />(4) no other d.f.ults exist und.r tbe Deed of That or the 1fot.a~:c
<br />bereby.
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<br />If this loan peraits conversion to a fixed inter.at rate aad ,..,...t..:
<br />then this rider shall only apply to a sale or tranafer con......t.4 l'C'.1o.r ..to
<br />such conversion. Upon election of Borrower to conv.rt to a fixed rat. ../;..
<br />p.,..nt, thls rider shall terainate and sball have no fore. and .ffect 011;>.""
<br />s.le or traufer cou_ted there.fter. If this loan provid.. for ...,.
<br />1Uld... intere.t rate, eith.r witb re.pect to the int.r..t rate cb.rae', or t.
<br />intere.t r.te on wbich new ,.,..nt -.ants are co.puted froa tj,_ to t~.
<br />then .ucb _0'" rate. will be incre..ed one pereent. conaecutively, for each'
<br />..a.pUon pursuant to thls ,..r.crapb 25. Any .uch iucr.... w111 be effectlve
<br />on the fir.t chance date followlna Lender'. off.r to approve the ...~tion if
<br />.uch tr.ns.ction i. thereafter cOIlS_ted.
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<br />Dated: J\prtl 1(,. 1l1}-:4
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<br />t,.,'it.i
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<br />/I de / l_
<br />(Borrower)
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<br />STATE or nausltA, I"l!
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<br />County s.:
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<br />The foresoina instru.ent w.. acknowledged before me this ~day of
<br />Ap-rt] ,1984 )by .....011>[,;.' j T ~:t'dti ;'11j{' "itr.v .\rw t:r'ltt ~
<br />hust>4.nc ~ncl \";1 ff' -"
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<br />Wit.... ., hand and official ...1.
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<br />/',
<br />"' c~..lon api re.: (1."1 .,J.,) ~
<br />
<br />" OfNISE KAY lOW."
<br />!'t GENfIlAl NO'AlV St....I_
<br />~.,J MT c~ hp A...~ 1), .'-.7
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<br />.....::._,..,/..0, ~" "<. :....:_..lL"L.i4
<br />(Notary P c) ./
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<br />NC-021 (gel
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<br />fWV i lA4
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