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<br /> 96-- �«�2ss
<br /> VA GUARANTEED LOAN AND ASSUMPTION PUI.ICY RiDER
<br /> wnNNO.�O-1322
<br /> NOTICE: THIS L4AN IS NUT ASSUMABL� WITHOUT
<br /> THE �PPROVITS AUTHOItIll�D A�ENT� OF VETER.�N� -
<br /> A�F�AIRS OR
<br /> THfS VA 4UARANTEED LOAN AND ASSUMPTION POLICY RIDER I�m�wio thl� 29th day of
<br /> May , 1998 ,�nd le incor�x►r�ced lnto iuid�h�ll bn deemed tu�menci uid wpplemenr.t!u
<br /> Mortgige, Deed of Trust or Dad to Securc Debt (haroln "Secudty Inatn�ment") d�tecl of even due berewith,
<br /> ivcn by the underslBnad(herein'8orrower')to eecuro Borrower'�Noln to
<br /> �a�or Martgage, A Nyoming Corporation (heroln•Lender�)
<br /> and cavc�ing tht Property d.s:�ibed in the Security iiutrument xnd loc�tal�t
<br /> 312 Nest 12th Street,Grand Island�NE 68801
<br /> (prop�rty Addrou)
<br /> VA (iUARANTEED LOAN COV�NANT: In sdditlon to tho coven�nu u�d agreemena nt�de In the SecurliY
<br /> lasuvment,Borrower�u�d Leuder RutAer covenu►t�nd�{ra as topowc
<br /> if the indebtedness secured hereby be gwuusteed or iniured under Tltle 38, United Statea Cak. tuch Titlo �ad
<br /> Regulations iuuod chereunder and in effcct on the dste heceof�h�ll�overn �he rl�ht�, dutieo uid II�b111ties ot
<br /> Borruwer and Lender.My provldom of tGe Secudry instcument or dher In�ttumenu eaecuted In cannecUon with
<br /> i � but na Ilml�ed a� ►�e
<br /> s�id indebtodness whlch ue inconaistent with s�id Tit1a or Re�ul�tiom. ncludln ,
<br /> provieion for payment of any sum in coiubctlon with prepaymcnt of the�xurcd IndebtodtKt�ufd tho provf�lon
<br /> thu the i.ender may Accelerate payment of the ucured Indebtodne++ Punwnt to Coven�nt 17 of the Socudty
<br /> In�trument, are hereby unei►ded or negated to[he escenc neceswry w c:uafo►7 euct; in:trum..�nt�to e:l�T6::�o►
<br /> Reguluions.
<br /> LATE CHAR(3E: At Lender'�option,Qurrower will p�y a'lsto chu�e"not excsedln�four per aatum(49L)ot
<br /> tLse overdue p�yment when pald mon thaa fittecn(1S)day�aiter the dua date thereoi to cover tha extr�axpeaie
<br /> jpy��q.�i in h�ndlin�delinquent paymrnta,but euch"lue ch�r�e'�hdl na be pay�ble out of tbe neeed�o[�ay
<br /> �le mAde to suisfy the indebtednesa eecured henby. uniew such pm�oods w�e su;iele�d i�CI-.�a ttk x!l.�e ,
<br /> irWebtedness aad all proper costs rad expeasea�ecurod hereby.
<br /> dUARANTY:Should the DeputmeAt of Veteruis Affdra fdl or retSue to i�ue iu suuanty ia tull�uw+uu wlthln
<br /> w .�,,,e a��.rti.�Isr�that thls loan woUld no�m�11Y bO00me ClltlblE fOT tUCh jUU�tlty COIf�IttOd uP011 b� Ib0
<br />- �.. .._� .
<br /> Dep�rt�c of Veteru�s Aff�in under the provisious of Tixla 38 of tbe U.S. �oae °vaer�ns oouo��w. �
<br /> Mortgaga msy declue the in8ebta]Mas l�by aecural�t once due�nd Qay�ble u►d m�y foroclae launedlauly
<br /> �ction�by law rovldod.
<br /> a may exercise any other rights dereundct or uke uiy other proper p
<br /> TIUNSFER OF THE PROPERTY:This loan maY b�dec�ued�mmedi�te�Y due wd PaY+►bl°upon tnuufer ot�be
<br /> pmpaty a�ecuring auch loan to u�y tr�ssieree.uales�the ac�e�ability of the�umpclon oi thelu�n I�at�bll�hed
<br /> pursuu�t to Section 3714 of Chipcer 37, T►de 38. Unitod Statat Code•
<br /> An wtho[ized transfer("usumptioa')of the propecty sh�ll�lso be subject to�ddition�l oove:uata�ad ycotnmot�
<br /> a aet fonh below:
<br /> (�)��S,tnNPTION,Ft�NDLNCi PEE:A fee eqwl to one-h�lf of 1 perrxnt(.SO%)of tt�e b�l�nce ot thl�lam
<br /> m of tbe date of tr+�n�fer of tbe propecty stull be p�yable�t the time ot tru�fer to the lan hoidec ar 1u wtharise6
<br /> r►geat,as truata for the Deparcment of Vaerwu Affatre. If the aasumer fals to pay ttti�fa at tde tltpe of tr�wler.
<br /> the fee ehall cortadtute an additional debt to that aiready secured by this Intttument, �hh�ll be�r in/etest At tbe tM�
<br /> heretn pmvided.and,at the option of the paya of�he indeMalnas herebY�ecured or�ny truuferee thereof, �II
<br /> VA OUAMNTEED LQAN ANh A85UM►TlOti 10LICY RIDER
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