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84- 0039E$573-3 27th day Of July THIS RIDER is made this 44, and iw incorporated into and shall be deemed to amend the-Del Trust or Mortgage (the "Security Instrument-) of the same' data -gtvavp;by the undersigned (the "Borrower") to secure Borrower's Note' t 0- -Tower Financial, Inc. (the same date (the "Note") and covering the property described in -,thar_ Securtli Instrument and located at: -1516 W. Anna. Grand Island. Nebraska 68801 (Property Address) In connection with the Note and Security Instrument executed by, the --gg undersigned Borrower and of even date herewith, Borrower and Lenderi hir6by, agree to the following additional provisions: The following paragraph 25 is hereby adopted: 25. Transfer of Property; Assumption. Notwithstanding the provisi:ons:'o , f" nt paragraph 17 hereof, Lender shall waive its option to accelerate under` paragraph L7 if (1) prior to such sale or transfer Borrower notifies Lender of.- the proposed transaction and sees that Lender is given any iuformation-Itmay - request in order to evaluate the person to whom the property is being sold.:or transferred, (2) Lender deter mines, ' its sole discretion, that assumptiou-of the loan by the proposed purchaser or transferree will meet standards of creditworthiness and security which are acce^•table to it, which standards shall, insofar as may be practical, be the sa, underwriting standards as are then applied by Lender in connect; :; 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 tender, 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 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 Nof_a 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 and/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: julv 27, 1964 �Lcnael n, S?,ner (Borrower) ---- -- ---- ----- ---- — --- (Borrower) STATE OF NEBRASKA, Nail ---County. ss: The foregoing instrument was acknowledged before me this itli -day of July ,l%4 -,by a single person Witness my hand and official seal. My commission expires: A DENISE KAY LOWRY GENERAC NOTARY Sw—fN 2.5, 1987 (Notary Public, -02 1