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<br />' . •` �� VA GUA�ED LOAN�PiD A�OPT POLICY RIDE�t
<br /> ::_;-�`'�f�_ Lor�rt No.1539215895 -
<br /> I�tOTICE: TI�IS LOAr1 I3 1�t01' A,�S�;fM�I.� �ilI'TI�OLJT � _
<br /> -- � T�IE �PPRO�IAi., OF T�IE I)EF�TI�IEI�dT OF �E'TEI�I�S
<br /> �`�:``��.�_. AFFAIRS Olt TTS AU'1`I�OIZIZEI� AGEI�TI`. -
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<br /> �. .: THIS VA GUARANTEED LOAN AND ASSUMFTION POLICY RIDER is made this 12th cL=syr of - . '
<br /> Y . ,aad is mcorporated inw and shall 6e deEmed to amend aed s.�r2�t.the
<br /> ..::;;;'. . Ma 1997 �!°";;
<br /> '�' �`°' Mortgage, F.3�3 of Trust or IIeed w�re Debt �*+��+*' �
<br /> (herein 'Security instn— ;dated af ee�ala�bere�*�Pt, f �
<br /> ar��� ' : given by�imd�:-��r,fi�•ei.e�.'Se'3varer")to secure Bormwer's Note to + `?'=
<br /> F ss� ;:t• ` '. COtUMB4`S f�t3�'t�c����`:���1�5 B�t4�I� :
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<br /> �:,,'�,,�'�.: . • .x22 NORTH VINE S3'�R(rL�',�RAND ISLAND,t�E 68801
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<br /> . � VA GUARANTEED LQAN COVENANT: In addition ta the covenants and agreements made in the Soauiry
<br /> ' instniment.Borrower aad Leader further oovenant aad agree as foltows:
<br /> lf[he indebtedness secured hereby be guaraateed or insured under Title 38, United Stat�s Code,such Tide and
<br /> •:.;`�°;:., � Regulations issaed thereuuder�d 'm effect on the da�tte hereaf shall govem ttte riglits. dudes aad liablIIt�es of
<br /> Borrower and Lender.Any pmvisions of the Securicy Instrument or othei instruments eaecuted in conuectiou�rIth
<br /> • ' said indebtedness which are iac�nsistent with said Title or Regulatlons, including, 6ut aot fimited to, ti� —,
<br /> : =i�.'��' •� .' . pravisian for payment of aay sum"sn copnectioa with prepayment of tlie setured indebiedness and the pmvision �
<br /> � �a �hat �hc t�ender may accelerate payment of the secured indebtedae�pursuant to Coveaant 17 of the SewrIty
<br /> . • � � Instrument. are hcreby amenAed or negated to the extent neressary to confonn sucb instrumenta w said'ljtle or
<br /> Regulatinns. `
<br /> �' � '�` �• LATE CHARGE:At Lender's option,Boaower will pay a'late charge'not c�ceedtng four per centum(4%)of � .
<br /> � • �he overdue paymeat whea paid more tham fifteea(lr7 days after the due date the.reof to cover the en�a ex�se.nse
<br />;;;;tis;�',��.,., `; : invoived in handling delinquent paymenu,but such 'tate charge`sball not be payable out of the pmceeds of atry ':. �'�_.,
<br />'a�r.:;��'��• .; sate madc w satisfjr�he iudebtedaqs sec�ued 6eseby,untess sucd�proceeds ar�a suf�cIent to discharge the eatue - .
<br /> : � indebtedaess and all proper costs and eapenses secuied hercby. '
<br /> ,i,' ., '� -.
<br /> GUARANTY:Should the Department of Veterans Affaiis fail or refuse to issue its guaranty in fWl amoant within �;,.�,,.
<br /> � '"� " 60 days from the dste that this toan would uormally become eligible for such guaranty committed upon by the•
<br /> ��'y�r�'��.- � . Departmenc of Veterans Affairs uader the pmvisions of Title 38 of�he U.S. Code 'Veteians Beuefrts.' ttis :���:..:
<br /> 4�l�y ��� '.4iortgagee may declaze r.�e indebtedness heref�y secure�i at once dae aad payable and may forec2ose immedc�a:Sy .�
<br /> sn��'y��,;:f or may exercise any ct"_��i,ghts hereunder or take auy c�er proper action as by Eaw pmvided. i-
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<br /> ' TRANSFER OF .HE P�I��I�ERTY:This loan ma 3�declared immediatel due�d able u on transferc�f the
<br /> .�. ;. �s-•'•., property securing such Ioan to any ttansferee.unless the acceptabllity of the assumprion of the loan is esiablished '
<br />� ��� '�' pursuant to Section 3714 of C6apter 37,Title 38,United Statea Code. �
<br /> . . {� ;
<br /> � ' An authorized transfer("assumption")of the propes�y ahall also be subje�t to z:�;c��Aal covenants and agxea�ents
<br /> ::+;� . ' as set fonh below: _
<br />;_;,;.
<br /> ' (a)��,cUMPTIOh"FiJNDIN�FEB:A fee egaal to on�half of 1 ger�eat�;.50�6)of the balaace of this loan ��°:�
<br />-- � � . • as of che�w��of traasfer of the property shall be payable at the timx of uansfc�r.�the loan ho2der ot its authorized �.
<br /> ' _ • agenc.as:n;stee for the Depastment of Veterans Affairs.If the�ssumer faits za�Ey this fee at the time of uansfer,
<br /> ��� the fee shaIl constitute an addit3oaal debt to that already secnred Dy this instr�� shall bear interest at the rate �
<br />��ti�u............ . �� • �
<br /> •. � hercin provided,and,at the option of the payee of the indebtedness hereby seca.�C�r any vansferee thereof,shall
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<br /> ', "��;:,�'�..' VA(iUAHANTEEC LOAN ANO ASSUMVTtQN�Ol[CY RIOER _
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