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84,-- 003657 0908546-7 CAP ASSUMPTION RIDER THIS RIDER is made this 9th day of July 1984 and is incorporated into and shall be deemed to amend and suppleme~t the 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 eovering the property described in the Security Instrument and located at: 1323 Hagge Str~ct, Grand Island, Nebraska 68801 (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 provisions 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 infoI'1llation it may request in order to evaluate the person to whom the property is being sold or transferred, (2) Lender determines, in its sole c'iscretion, that assumption of the loan by the proposed purchaser or transf" eee will meet.standards.of creditworthiness and security wn::'ch < . acceptable to it, whi"h standards shall., insofar as may be practical, be the same underwriting standerdsasare 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 anassumptionfee,whic:h, shall be equal to the origination, discount and other fees, charges and processing costs then being charged by Lender on similar new loans, and. agrees' to an increase in any applicable maximum interest. rates as provided" below, and (4) no other defaults exist under the Deed of Trust or the Note secured: hereby. If this loan permits conversion to a fixed interest r"te 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 rateand/or 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 time, 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: July 9 1984 (Borrower) d~ (Borrower) STATE OF NEBRASKA, Hall County) 5S: The foregoing instrument was acknowledged before me this ~day of July ,1984 ,by Rodney L. Shada, a single person ---- Witnes.s. my hand and official seal. ..., My commission expires: . -'---(NOt;;:y-P~bTi-~-) r.[C-,J2l (qc) ; !,(".... ~~ / H,'.