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<br /> _;:�—'`�' RE•RECORD ���� �Cla�la'�bi �'� �OJ�.�C''� _
<br /> ED
<br /> -"�"� �A GUA�RANTEED LAAN AND ASSUMPTION POLICY RIDER
<br /> ,�
<br /> i.UAN NU.10-1381
<br />;-��_� N4TICE: THIS LOAN IS NOT ASSUrVIABLE WITHOU'r _
<br /> M��=� THE APPROVAL OF THE DEPARTMENT OF VETERANS
<br />-v==-`'�� AFFAIRS OR ITS AUTHORIZED AGENT.
<br /> -,,�
<br /> — THIS VA QUARANTEED LOAN AND ASSUMPTION POLICY RIDBR is mMfo this 211d dry of
<br /> '� June , 1998 ,and is incorpor�tod into arxt shall be deemed to unend u�d aupplemrnt the
<br /> — Mortg�ge. Dead of Tnut or Dad to Saurc Debt (hen:in "Secudry Instrument")dued of evrn data hesewith.
<br /> _ gi�ven by the undereigned(herein"Borrower")to socun Aorrower's Noto to .
<br />-��4� Ma�or Mortgage, A Nyoming Corporation
<br /> _—__— (�►e�[t1'Ls��") -
<br />�� a;;3 cov�.iug�ne Frop�rty described in the�ecuriry Instrument and locatod ac -
<br /> -*� 2203 Mest lOth Str��it,�rand Island,NE 68803
<br /> - _= ce�o�Km,�►aa��
<br /> VA GUARANTEBD LOAN COVENA,'VT: III �lt{OII t0 ibC COVCp�IltB 6Il(I 8$[OCInC[I[S ID�C�A thC S�C11fIt}i
<br /> -�-- Inatnuaent,Botrower aad L.eader funher covenant and agra as follows:
<br /> If the inckbtedness secured h�nby be g�uuitced or insured undcr Title 38, United Stuea Code, auch Tit1e and
<br /> Reguluions iuual thenunder �nd in eSaect on the due hereof shall govern the dghts, dutia u►d li�bilitia of
<br /> ' Boirower�ad Ltnder.Any provlsicma m�ane�oe�uity jnstrumene or aher insuuaxnia eaxutod in cvw�octivu wi'u`,
<br /> s�ld indeMedness which an incomsis�cem with sai�6 Title or Reguladotu, including, but not limited to, tb�e
<br /> _ pmvision for p�yment of nn� sWn in c�xction wIi��repaymeat of the seaund'na�ebtadneaa wd the provi�i�rnn.
<br /> -�� tha� the Lender m�y axelerd3e pay�nent of tht secured indebtednas punuu�t t��G�veaant 17 of the Sea�t�
<br />:.,,:,.
<br />_=;t;,_ _ � Inatniment, are h�r�by uner�or negated to che eatent necessaxy to confarm such iasnumenta to said Title or
<br /> ---— ' Regululons.
<br /> L'ATE CHAR�GE: At L,ender's option. �orrower will pay a"lue cl+az�a'not eaceoding four per centum(49G)of
<br /> the ovecdue payment when paid more�n fiftan(15)daye after the ilue date thereof to oova tls�e aatn expeaae
<br /> involved in h�ndlina delinquent paymenu,but such 'lue charge" ahdl not be payible out of the prooeeds of any
<br /> — e�Je m�de ro satisfy the indebtedneas aavrod hereby�unless such pr000eda u�e�ufficiwt to diuLar6e the entire
<br /> - indehtodneas and all proper cosu and cxpeos�s secu�+od 6enby.
<br /> •. GUARANTY:Should che Depa�tma►t of Veter�ws Affdrs fal or roft�se to iaauo Ita guu�aty in full amouat w[thin
<br /> ,� 60 d�yo from the due th�t this loan would normally become eligible for such guaranty committed upon by the
<br /> , DepartaKnt of Veuruu Affairs uuder the provlsions of Tide 38 of the U.S. Code `Veteraoa Bwefita, the
<br /> Mortg�ga may declue ttta cndebtedness henby sectuei? �t onoe diK aud p�yable and may foreclose immediuGay
<br /> — or may exerciae any other rights heceunder or tuke�ny otR�r proper�ction�s by law pmvided.
<br /> TRANSFBYt OF THE PROPERTY:This lo�n may be declarod immecliudy due�nd payable upon.tnu�sfer of�i�he
<br /> Property securing such loan to iu►y uaasfera,unless tLe acceptabii7ity of d�e assumptia►of tbe lonn is atabNstaed ,
<br /> purswnt to Sectioa 3714 of Ch�pter 37.Title 38,Unitai St�tes CcKlc.
<br /> M authorized tranefer("sssu�mption')of the propercy shall elso be aubjxt to additional coven�nts and�,gnecm�ta
<br /> ' a�set forth below: •
<br /> --.- _� (�) AS5UMPTION FUNDING FEE:A fx equal to one•half of 1 perctnt(.5096)of tt►e baltince of thia loan
<br /> as of the due of trwsfer of the prope�ty shall be p�yable at the time of tr�nsfer to the lan holdee ror its wtborizod
<br /> �geat,u m�stee for the Deputmeat of Veterans Affairs. If the usurckr fWs to pay this fa at t�c uimo of tnosfer,
<br /> tbe fa a2Wt coactitute an additioual debt to�hat�Irauly eecured by this instcumeat,sh�ll beu intecest k the rate
<br /> - (x�ein providod,und.at the opdon of the paya of the indebtodness henby secured or any uanaferoe therouf,slWl
<br /> _— VA OUARANTEED LOAN AND ASEUMPTION POLICY RIDEA
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