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I B4--o02805 0908453-0 CAP ASSUMPTION RIDER r THIS RIDER is made this 2~4th day of May ,1'4 and is incorporated into and shall be deemed to amend and supplement tile 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 (the "Note") and covering the property described in the Security Instrument and located at: 406 Nubia, Cairo, Nebraska 68824 (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 provisiona~'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 any information it IllaY 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 transferree will meet standards 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 loana, and agrees to an increase in any applicable maximum interest rates as provided below, an4 (4) no other defaults exist under the Deed of Trust or the Note secured 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 to such conversion. Upon election of Borrower to convert to a fixed rate andlor 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 tiJlle, 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: ~ay 24, 1984 ---_._~~ '. /;;:;~;-t{/A'::~(:;<-(>)J Jack B, PoiI;~- (Borrower) ..Lt~~;:!,-',-~ l.w '(~\ )f.." ,~:argaTet f{. Pollock (Borrower) STATE OF NEBRASKA, Hall County, ss: The foregoing instrument was acknowledged before me this 24t h day of !-!ay ,1984 ,by Jack B. Polluck and Hargaret It. Poll6Cr:-- husband and wile ---- L Witness my hand and official seal, My commission expi res: LLI.(// .-L S /7,.5 ;' 7-- / ~.. ~:- DENISE KAY LOWRY CENtRA.L NOTARY :",~If1off\;;(l'b" M, (Qmrn f...r__ A-v" }j,198;r I / (""---'('~f>:":f.. _, Cct~..._J:-]L~ (Notary 1;'ublic)" :''''1<...: ;;.' 1 {l'~ : ,'-i;,