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<br />84---
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<br />004017
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<br />CAP ASSUMPTION RIDER
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<br />'tHIS RlDEll. is IIIlIlde th1s 31st. day of July .l~ and:;!.lJ'"
<br />incorporated into and eball be d~_d' to'. amend' and .Ufflellljjl.it. the'Deed:: of:
<br />Trust O'r MO'rtgage (the "Secu1:1ty In.nrullent")O'f the .._. dategt:venby/tlf."
<br />undl'!rsigned (the "Borrower") to' secure BO'rrower's NO't.,r to' ... . ,:oo;.'.
<br />To~er Financial.. . rue. . .(the"Lende't"l~f'tJl~::.
<br />same date (the "Note") and cO'vering the prO'perty deacdbed'.itltheSe'cU:r'l:~'
<br />Instrument and lO'cated at:
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<br />2653 St. Patrick. Grand Island. Nebra.ska 68801
<br />(PrO'perty Address)
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<br />In cO'nnection with the NO'te and Security' In.tru_nt exe,cuted.by.th.:
<br />undersigned BorrO'wer and O'f even date herewith, BO'rrower and Lender hereby
<br />agree to' the fO'llO'wing additiO'nal prO'visiO'n.:
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<br />The fO'llowing paragraph 25 1& hereby adopted,
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<br />25. Trauefar of P'roper1:yj A88ullrpt1on. l{otwithstandill8 the previ$ielUl,of
<br />paragraph 17 hereaf, Lender shall waive its optian to' sccelerate under
<br />para&raph 17 if (1) priO'r to' Buch Bala or tranafer BO'rrawer nO't1f.1esLenderaf
<br />th<< prapoaed traaaactian and .... that Lend.r is given any infa~tiO'nit...y
<br />requeBt in ard.r to evaluate the perBon to' whom tha praparty is being salder
<br />transferred., (2) Ultid.r dete'f'iiinn, in 1t:t! Bele d1iieTi!tioii., tna-t- iUi--iibliption:.:of
<br />the loan by the praposed purchaeer or cransferres will meet standards of
<br />creditworthineaa and security which are "cc~""'\ble to' it, which standards,
<br />Bhall, insO'far as may be practical. ~ the samc~ underwriting standards ss"are
<br />then applied by Lender in eonnectio~ .ieh making a new lO'an, (3) the persan to'
<br />whom the property is to' be aold O'r transferred executes a written sssumptiO'n
<br />agre.-ent accepted in writing by Lender, agrees to pay an assumptiO'n feewhieh
<br />shall be equel to the originatian. discount and other fees, chargea and
<br />proces.ins CO'.ts then being cherged by Lender on similar new loana, and agrees
<br />to' an increaa. in any applicahle maximua interest rates as prO'vided below, and
<br />(4) no other defaults exiat undar the Deed of Trust or the NO'te aecured
<br />hereby.
<br />
<br />If this loan pendta cO'nversiO'n to' a fixed interest rste and payment,
<br />then this rider shall only apply to a sale or transfer cO'nsulIlIII4ted priar to'
<br />such coAversion. Upan electiO'n of Borrower to' convert to a fixed rate and/O'r
<br />pa,...ut. tbis ridar shell tendnste and shall have nO' fO'rce and effect an any
<br />sale or tranafer cans_ted thereafter. If this loan provides fO'r any
<br />..x1~ interast rate. either with re.pect to' the interest rate charged O'r the
<br />interest rate an which new pa,...nt s-.ounts are co.puted from time to' ti...,
<br />th<<u such ..xi_ rat.. will be Increa..d O'ne percent. cO'n.ecutive.ly, fO'r each
<br />...u.ption pur.uant to this paragraph 25. Any such increaae will be effective
<br />on the fir.t chanc. date fO'llowing Lender'a O'ffer to' approve the assumptiO'n if
<br />such tr.as.etiO'n ia thereafter cO'nsumaated.
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<br />(BarrO'wer)
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<br />STan Oi' liB1iiASU'}'a] '1
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<br />County, sa:
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<br />Tlle foreaot.. inatr..ent w... acknowledged before llle thill 'JUu.....-. day of
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<br />Jnl)~ .1~A---,bY tUH''ii,}..tK Y. t'nl.,....l{; .:.tIlt; .~rtrit'.h..~'Qi.<:irll!r ~_,_____
<br />h\Ui.b-and and "",:i.fe
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<br />Vl~. II)' haad aod offield seal.
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<br />"" ~..S.OIl expire.: 1'lt1.J ..J5JiL~?'
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<br />.L Dl'NI~t KA Y wwlty
<br />CENtRAl NOrAAY .t............
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<br />- (Nat~;y u. fe):" .
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<br />1l'IC-021 (q<:)
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<br />Hew 2/84
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