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200901647
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3/5/2009 3:57:12 PM
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3/5/2009 3:40:55 PM
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DEEDS
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200901647
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<br /> <br /> <br /> 20090.647 <br /> <br /> otherwise remedied to Lender's satisfaction within 30 days of the date of <br /> creation. <br /> (c) Lender shall consent, without any adjustment to the rate at which the <br /> Indebtedness secured by this Instrument bears interest or to any other economic terms of the <br /> Indebtedness, to a Transfer that would otherwise violate this Section 21 if, prior to the Transfer, <br /> Borrower has satisfied each of the following requirements: <br /> <br /> (1) the submission to Lender of all information required by Lender to make <br /> the determination required by this Section 21(c); <br /> (2) the absence of any Event of Default; <br /> <br /> (3) the transferee meets all of the eligibility, credit, management and other <br /> standards (including any standards with respect to previous relationships <br /> between Lender and the transferee and the organization of the transferee) <br /> customarily applied by Lender at the time of the proposed Transfer to the <br /> approval of borrowers in connection with the origination or purchase of <br /> similar mortgages, deeds of trust or deeds to secure debt on multifamily <br /> properties; <br /> (4) the Mortgaged Property, at the time of the proposed Transfer, meets all <br /> standards as to its physical condition that are customarily applied by <br /> Lender at the time of the proposed Transfer to the approval of properties <br /> in connection with the origination or purchase of similar mortgages on <br /> multifamily properties; <br /> (5) in the case of a Transfer of all or any part of the Mortgaged Property, or <br /> direct or indirect ownership interests in Borrower or Key Principal (if an <br /> entity), if transferor or any other person has obligations under any Loan <br /> Document, the execution by the transferee or one or more individuals or <br /> entities acceptable to Lender of an assumption agreement (including, if <br /> applicable, an Acknowledgement and Agreement of Key Principal to <br /> Personal Liability for Exceptions to Non-Recourse Liability) that is <br /> acceptable to Lender and that, among other things, requires the transferee to <br /> perform all obligations of transferor or such person set forth in such Loan <br /> Document, and may require that the transferee comply with any provisions <br /> of this Instrument or any other Loan Document which previously may have <br /> been waived by Lender; <br /> (6) if a guaranty has been executed and delivered in connection with the Note, <br /> this Instrument or any of the other Loan Documents, the Borrower causes <br /> one or more individuals or entities acceptable to Lender to execute and <br /> deliver to Lender a guaranty in a form acceptable to Lender; and <br /> (7) Lender's receipt of all of the following: <br /> (A) a non-refundable review fee in the amount of $3,000 and a transfer <br /> fee equal to 1 percent of the outstanding Indebtedness immediately <br /> prior to the Transfer. <br /> <br /> FANNIE MAE MULTIFAMILY SECURITY INSTRUMENT - Form 4028 11/01 Page 23 <br /> NEBRASKA, <br /> ® 1997-2001 Fannie Mae <br />
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