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<br />8903763--4
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<br />C~~ ASSUMPTION RIDER
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<br />84 - 005933
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<br />THIS RIDER ill ude this 5th day of NO'>'Ellllber ,1~"':""'.1lli':ts
<br />incorporated into and shall be deeie(f to amend andstippleaeutthe' l)eedi of
<br />Trutlt. or ~..ortgage (the "Security !nstl:W!lent") of tMsaadate giveDCbjt~:
<br />undersigned (the "BorroweT") to seeUTe Bort"ower's NQtEht:G
<br />Tower Finandal., In" .. (the "iiutder.)Oft'"
<br />sallie data (the "Note") and covering the propertyci_cd:bed :!.nthaS~r~~":
<br />Instrueent &00 loeated at:
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<br />(Property Address)
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<br />'-"-,:-,-",-;:.'
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<br />(-'238 :S~ll.Hl~C ;::ircl~
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<br />islund.. x~hru~!~ 6~801
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<br />In connection with the Note and Secur1t:y Instrument executed b1t~,
<br />undersigned Borrower and of even date herewith, Borrower and IAHerhereb)i'"
<br />agree to the following addit1onalprovisions:
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<br />The followina paragraph 25 is hereby adopted:
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<br />25, Transfer of Property; Asauaption. ~.,twithstaMtng the pJ:':OviS:1;o1lll,01:'
<br />paragraph 17 he~eof, Le:nd~r at'~11 k :L;:t;; 1.t',~ O-pt,tO!'L to _ac_c~~.~_<:_..~~~:,~
<br />paragraph 17 if (1) prior e" such sal.. vr t:ranafer Bo~rowe~ not1fj.e.,'L~:r':Of>
<br />the propolled transaction and seell that Lender is given allyixlfo~fon';l;t:~",
<br />requellt in order to evaluate the person to whOlll the property 1.bein'S(l~!l'Q'T',
<br />transferred, (2) Lender det:eraines, in its sole discretion, thata68~!:,f,OIl',:C)f
<br />the loan by the proposed purchaser or transferree ",-ill_t .t~I:I;\.\'(lf
<br />cred:1tworthiness and security which are acceptable to It,,whL::h stAmdat'ii.'
<br />shall, insofar as lBllY be practical, be the S8llle underwTiting standards,ft.!:..
<br />then apl'lied by Lender in connection with making a new loan. (3)tbe persoCl,to
<br />wh_ the property is to be sold or transferred executes a written assUllptiQlt
<br />agreellent accepted in writing by Lender, agrees to pay all ..&sup,tionfeewb1eb
<br />shall be equal to the origination, discount and other fees, cbargftS' aRd
<br />procesdng cosU then being charged by Lender on s1l1ilar new loana,andagr.e.
<br />to an increase in any applicable maximum interest rates aa providedbelow~and'
<br />(4) no other defaults exist under the Deful of Trust or the, Note s.cuitali
<br />hereby,
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<br />If this loan pel'lllits conversion to a fixed interest rate and pAYMnt.
<br />then this rider shall only apply to a sale or transfer consu-..ted pr:!.orto
<br />such conversion. Upon election of Borrower to convart to a fixed rate andlor
<br />payment:, this rider shall terainate and. shall have no force and effect on, any
<br />sale or transfer cona_ted tbereafter. If this loan provides for any
<br />aaximua interest rate, either with .e.speet to the interest rate charged or the
<br />interest rate on which new payment alIIOunts are co.puted frOlll t1.. totu-.
<br />then such maximua rates will be increa.ed one percent, consecutively, for each
<br />8B.waptioD. punuant to this parasraph 25, Any such iocreaae will be effective
<br />on the fir#t ~han!e date following Lender's offer to ,approve the aasuaptlon if
<br />such tranaaetioD. 1s thereafter consu.mated.
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<br />Dated: ::OV-;;;:,..:.. ~),,-T 1 'J-j,~
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<br />(Borrower)
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<br />(Borrower)
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<br />StAT! or NEllUSU, :;.u,
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<br />County, ss:
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<br />T~ for.goiug iustrugent was aCKnowledged. before ~ this ';th day of
<br />19~..bY \l~""_H ,~(~,j J ~ :\. ).1..-'.....::-;
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<br />V1tll... IIy hand and of tidal seal.
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<br />My c~.don UPir. es: titt;-L)' eN'?
<br />~ DENISf itA Y VI'. '
<br />. . ..... GtN!~..o.I Nor AllY ;',"'.:':'.
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<br />(Nota.ry P~Uc)
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<br />NC,'021 (qc)
<br />n"w {/f!4
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