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<br />84- 003223
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<br />Sn7-f"
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<br />CAP ASSUMPTION RIDER
<br />
<br />r
<br />
<br />(Property Address)
<br />
<br />
<br />THIS RIDER is made this [6th day of June .lg~ and
<br />incorporated into and shall be d..emed to am..nd and supplell!entt;he Deed'
<br />Trust or Mortgage (the "Security Instrument") of the same date given ,llY
<br />~~~::i},n~~_ j t~e "Borrower") to secure Borrower's Note to
<br />n.~..,.,,-.._ ,,--,-noW.., ~,,;f_~__, ~,H""', (the "Lend_e-r-~) of the
<br />same date (the "Note") and covering the property described in the Security
<br />Instrument and located at:
<br />
<br />I_G?f,- ~ Ca!'itnl ^V~l
<br />
<br />TsJ;Jnd,. r;tC;br8$k::- 6BgOl
<br />
<br />[n 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 option to accelerate Uilnel,'"
<br />paragraph 17 if (l) prior to such sale or transfer Borrowernotif:iesLend..i:,o;!
<br />the proposed transaction and sees that Lender is given any informatiO-n"it:'maY
<br />request in order to evalUAte the person to whom the property is being,sold O,r
<br />transferred, (2) Lender determines, in its sole discretion, thataaJ;umpt;ion',of
<br />the loan by the proposed purchaser or transferree will meet standa,rdsof'
<br />creditworthiness and security which are acceptable to it , which standards
<br />shall, insofar as may be practical, be the same underwriting, standards, as,are
<br />then applied by Lende' in connection with making a new loan, ('3) the,'person'to
<br />whom the property is to be sold or transferred executes a written assumption
<br />agreement ace,epted in ",riting by Lender, agrees to pay an assumption f..e, 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 108M, and agrees
<br />to an increase in any applicable maxilllUDl intereat rat.es. as provided below;. and,
<br />(4) no other defaults exist under the Deed of Truat or the Note secured
<br />hereby.
<br />
<br />If this loan permits conversion t,o a fixed interest rate and payment,
<br />then this rIcer shall onl)' apply to a sale or transfer cons_ted. prior to
<br />such conversion. Upon election. of B-ocn)wer- to convert to a fixed-.-rate;.-andlor-
<br />payment. this rider shall terminate and shall have no force and effect on any
<br />sale or transfer consummated thereafter. If this loan provides for any
<br />tll8xil1lUm Intereat rate. either wlth respect to the interest rate charged or the
<br />interest rate on which new payment alllOuuts are computed from time. to time,
<br />t,l'uH\ such maximum rates tJ! 11. be increased one p-erc.-e:nt" c-onsecutively~ for- e.act)
<br />assumption pursuant to this paragraph 25, Any such increase will be effective
<br />on the first change date following Lender's offer to approve the assumption if
<br />such transaction is thereafter consummated,
<br />
<br />Dated:
<br />
<br />:(,
<br />
<br />
<br />'---U(Borrowe'r)~
<br />
<br />STATE OF NURASKA,
<br />
<br />
<br />County ss:
<br />
<br />
<br />The foregoing instrument "''''' acknowledged before ll>e this ~__!__day of
<br />19 ; I. . by __,___,__~___:'::.:':':'-'-:.....__..____________________,,___
<br />
<br />L
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<br />Witness ..y hand ant,i official seal.
<br />
<br />My commission expires:
<br />
<br />
<br />
<br />" DiN1Sl' /(A Y lOW~Y
<br />~f!... OtNU:.-Al!'-K)tAR-r :t~1.'AN.a~,
<br />,P....':':.:3, M,t ('M...,_ h~,:- .J\q;'iJ t~i_- ~Y8/
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<br />7"1(; lX,' I r 'Ie l
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<br />"l'i~''''' f,t\ ,,>
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