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<br />r
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<br />84 - 002826
<br />
<br />0908463-7
<br />
<br />CAP ASSUMPTION RIDER
<br />
<br />r
<br />
<br />THIS RIDER is made this 25th day of May 1934 and is
<br />incorporated into and shall be deemed to amend and suppleme~t the Deed of
<br />Trust or Mortgage (the "Security Instrument") of the same date given by the
<br />undersigned (the "Borrower") to secure Borrower's Note to
<br />Tower Financial, Inc. (the "Lender") of the
<br />same date (the "Note") and covering the property described in the Security
<br />Instrument and located at:
<br />
<br />3804 Hary Lane, Grand Island, Nebraska 68801
<br />(Property Address)
<br />
<br />~Ji^V\~f~~~~
<br />Re eth L. len n (B4rtowei)
<br />
<br />
<br />In connection with the Note and Security
<br />undersigned Borrower and of even date herewith,
<br />agree to the following additional provisions:
<br />
<br />The following paragraph 25 is hereby adopted:
<br />
<br />25. Transfer of Property; Assumption. Notwithstanding
<br />paragraph 17 hereof, Lender shall waive its op.tionto accelerat~,<
<br />paragraph 17 if (1) prior to such sale or transfer Borrowernotif~~~~!'
<br />the proposed transaction and sees that Lender is given anyj,nfo~t:t;
<br />request iii orde.r to evaluate the person to whom the prope~_ty ':1-8, -~;J~~
<br />transferred, (2) Lender determines, in its sole discretion, that'a..'
<br />the loan by the proposed purchaser or transferree will meet'st~u:
<br />creditworthiness and security which are acceptable to it, wh1ch':'
<br />shall, insofar as may be practical, be the same underwriting standiI'
<br />then applied by Lender in connection with making a new loan, (3) the,'pe~.o~:~q'!:;
<br />whom the property is to be sold or transferre~ executes a written asslllllJ1~,t1f~:'"
<br />agreement accepted in writing by Lender, agrees to pay an assumptionfee:,,,,lj;t~I):'
<br />shall be equal to the origination, discount and other fees, ch~r.gel[';and
<br />processing costs then being charged by Lender on similar new loans,an4"::a~.e~.':
<br />to an increase in any appUcablemaximum interest rates as prov:tdtlcf:,::])lil:K
<br />(4) no other defaults exist under the Deed of Trust or the Note d,'il
<br />hereby.
<br />
<br />If this loan permits conversion to a fixedintel'Eistl'~~~a.11d:"
<br />then this rider shall only apply to a sale or transfer 'cons"1IUII..t~d,
<br />such conversion. Upon election of Borrower to convert to ,a fixedo:.rattl'lI,.., , .
<br />payment, this rider shall terminate and shall .have noforceaIl~:e~fEi,c:i;;:ol!";.*"(':';:
<br />sale or transfer consummated thereafter. If this loanpt-,oV;J, -
<br />maxilllUlll interest rate, either with respect to the in.tEirest-'r~,t,edlh
<br />interest rate on which new payment alDOunU are cOlllPuted frOlB....t
<br />then such maximum rates wUl be increased olle percent.collseCUt~'Y'~l,~,;,_"
<br />assumption pursuant to this paragraph 25. Any suchincreasewil,l-b~';:~~:_f.~$~
<br />on the first change date following Lender's offer to, approvlllthe:a.s\!!llP~:i~n-
<br />such transaction is thereafter consu_ted. - , .
<br />
<br />Dated: May 25, 1984
<br />
<br />"'--"'", /~' ,J llr
<br />. / . ( ,,'; -'
<br />,.L_~0, - ~/u-.-----
<br />Vera L, Henman (Borrower)
<br />
<br />STATE OF NEBRASKA, Hall
<br />
<br />County, ss:
<br />
<br />The foregoing instrument was acknowledged before me this 25th day of
<br />~!ay ,1984 ,by Kenneth L, Henman and Vera L. Henman-;-
<br />
<br />husband and wife ----
<br />
<br />L
<br />
<br />Witness Illy hand and official seal.
<br />
<br />My collmission expires: ~.I' .J~~ /117
<br />
<br />.L DENISE I(A Y LOWRY
<br />. . GENERAL NOTARY 51"eoINeb,
<br />- -~ M., COrNn. EJI;p. A\ig.. 25, 1987
<br />
<br />,) - ~',.;./'
<br />~k.:/:lJcif( , /14~.1i2L0.et
<br />(Notary tpblic) ~
<br />
<br />TMC-021 ('1<:)
<br />n.e1.<l 2/R4
<br />
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