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<br />84 - 002923
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<br />090B47d-9
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<br />CAP ASSUMPTION RIDER
<br />
<br />THIS' RIDER is made this 31st day of Hay ,19'14 and is
<br />incorporated into and shall be deemed to alllend and supplement the Deed of
<br />Trust or Mortgage (the "Security Instru1\lent ") of the Salle date given by the
<br />undersigned (the "Borrower") to secure Borrower's Note to
<br />~~ncial, Joe, (the "Lender") of thee
<br />salDe date (the "Note") and covering the property described in the Secud,ty
<br />Instrument and located at:
<br />
<br />1520 :.; Huston.. CrRod Island, ~\ebraska 68801
<br />(Property Addreaa)
<br />
<br />In connection with the Note and Security Instrument executed by the
<br />undersigned Borrower and of even date herewith, Borrower and Lender h~reby
<br />agree to the following additional provisions:
<br />
<br />The following paragraph 25 is hereby edopted:
<br />
<br />25. Transfer of Property! Assumption. Notwithstanding the provisiona of
<br />paragraph 17 hereof, Lender shall waive its option to accelerate under
<br />paragraph 17 if (1) prior to such sale or transfer Borrower notifies Lender of
<br />the proposed transaction and sees that Lender is given any info~tion it _y
<br />request in order to evsluate the person to whom the property is being sold or
<br />transferred, (2) Lender determines, in its sole discretion, that sssumption of
<br />the loan by the proposed purchaser or transferree will meet standards of
<br />credi tworthiness and securi ty which are acceptable ;:0 it, which standards
<br />shall, insofar as may De practical, be the same underwriting standards as are
<br />then applied by Lender in connection with making a new loan, (3) the person to
<br />wholll the property Is to be sold or transferred executes a written assumption
<br />agreement accepted in writing by Lender, agrees to pay an assumption fee which
<br />shall be equal to the origination, discount and other fees, charges and
<br />processing costs then being charged by Lender on similar new loans, and al~ee.
<br />to an increase in any applicable maximu1D interest rates as provided below, and
<br />(4) no other defaults exist under the Deed of Trust or the Note secured
<br />hereby.
<br />
<br />If this loan per1llits conversion to a fixed interest rate and payment,
<br />then this rider shall only apply to a sale Qr transfer consu!!I!!lated 'pri!!r to
<br />such conversion. Upon election of Borrower to convert to a fixed rate and/or
<br />payment, this rider shall terminate and shall have no force and effect on any
<br />sale or transfer consu1DIIISted thereafter. If this loan provides for any
<br />maximum interest rate, either with respect to the interest rate charged or the
<br />interes t rate on which new paY1llent amounts are computed from tl_ to ti_,
<br />then such maximum rates will be increased nne percent, consecutively, for each
<br />aasU1D~tlon pursuant to this paragraph 25. Any such increase will be effective
<br />on the first change date following Lender's offer to a~prove the asaumption if
<br />such transaction 1s thereafter consu...ted.
<br />
<br />Dated: e',,)' 3i, ,_' ,'.~" .
<br />
<br />..,. . . ,",
<br />,->' '::,' ~ /,i ./ f.~~- r.r > ~ ,....'>
<br />'-" ~':~7?q c ~,__e?, (
<br />;dt'harc d. Jenot'n/
<br />
<br />(Borrower)
<br />
<br />)
<br />
<br />J);L:::~;el~~nv~':YJ~
<br />
<br />(Borrower)
<br />
<br />STAn; OF NEBllASlCA. ".. 11
<br />
<br />County ss:
<br />
<br />The foregoing inatruaent ':'SS ,a,,;knowledged be~ore lIll! ~his H s t_ day of
<br />:'ta; ,19i<4 Jby- k.lC!1d,rr; Jensen "iHt1 JUl'\tf d}(l,,<t.'!\,
<br />l"rushan-d an;-d '.i:i {t> ---
<br />
<br />Witn... ., hand and official seal.
<br />
<br />My e~.aion e.~ire.: (j,:Lf ..lS~ ;"1'-1' '7
<br />
<br />.L DENISE I(H tOWRY
<br />GENl1IlAI NOT o\l!Y 3.>......"...
<br />. -~_ -- ~"f (~hu_ ""'9- 15,1"9"
<br />
<br />','J
<br />
<br />~-~9:!3.~~~~_~~ _ CL~~_:_~~~ A _~
<br />(Notary VAibl1c) ,,/
<br />
<br />NC-Oll. ('1c)
<br />
<br />O&W ?lR4
<br />
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