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<br /> -�-�� APPL#1 301-70527036
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<br />-�,�,T-. 974 1(�9�s�7
<br /> '"""�`� V.A.GUARANT��D LOAN AND ASSUMPTION POLICX �t�nER
<br /> 4 .�� -
<br /> :�, > � NOTICE: THIS I.OAN IS N(�'T ASSUMABL� WIT�-IOUT
<br /> THE APPROVAL C)F THE DEPARTMEI�T Or VETERANS -
<br />' �"�'����� AFFAIRS OR ITS AUTHORIZ�D AGENT.
<br /> � THIS V.A.QUARAIVT'HED 1.OAN AND ASSUM1fiITaN POLICY RIDSR is madc Qds 13TH dny of
<br />'=�� �� , 1997 ,and is inecxparated intn end shall be decmctl w arx►end end supplcmcnt thc
<br />� -'� Mort,gege, lleed of'Itust or Lke� to Secure Debt(herein "Sexurity Inswment") dalecl of evcn datc hcrcwith,
<br /> �, given by thc undcrsigned(heroin"Sorcowu")a s�xua+s Borrower's NoG:to
<br /> =;;:,r.- HOM� FBDERAL &AV ZN4S & LOAN (hercLi °L.Cnder")
<br /> :ii,'.•, •,
<br />::.,;;;F:�;,i, and covering the 1'roperty described in the Securi�y I�mrivment and locatod at
<br />""• 3111 W 14TH
<br />�ic�`ti c` : (3RAND IBLANn, 1�?�ARASKA 68803
<br /> ,vr{�
<br /> "`r'° (Ptnporty Addro�e)
<br /> 1=��i�,ai V.A. QUARAI�TIEED LAM1 COVENANf: In acWition to the coveAants and agmements made in tlie Securiry
<br /> J_;�'"��' Inauument,Barrowcr and Lenda fuMcr covennnt and agrcc a9 followa:
<br />"':;.�.., If thes inctebte.d.ixss securtd hereby be gaer,�rtt�,�-d or in�irat under'ISde 38,Unitecl Slates Code.such Tide and
<br /> �,'±�!�^^ R�gulat�ons issued thercunder n�d in effect on ihe di►te hcreaf shall govem the rights. dudes and liabilities of
<br /> --��'= Bomowcr and Lendcr.Any provisione ai'the Securit�Instrument or othu instruments oxocuted in connection with
<br /> '��� said indebtedness which nre inconsietent wfth s�id Tide or Rcgulations,lncluding,bnt not limitcd W,the pmvision
<br />`��� for payment of a�y sum in connecdon with prepayment of the sec�r�d indebteMess and tl�e provision that the
<br /> - L,ender may accekxate payment of the secwYd indebtedness pursuant to Covectianit 17 of the Security Insuument,ere
<br />�^`-•s��� hereby aznendod or negated w the eaunt na�snry to conform such�nstruments u�suid TiAC or Reg�iledons.
<br />..-. \4�
<br />��?!� LATB CHARCiE: At Lender's option,�c:rtower wiU pay a"late charge"not eacoedln� fouc per anwm(496)oF
<br /> — tha ovadua payment when paid morc tftan fiftcxn (15)days efux ti�o due datc theroof to covrs tha eatre expense
<br /> '�_''"'�'"�____�_ inv�lvod in handling delinquent paymentz�,but such"Wtc charge" shall not be payablo out of the s of any
<br />_-�� sak made to satisfy tho Indebudness sccurecl hez+c�by. unless such proc�xx,ds are sufficient to disc�tha entire
<br /> indebtedness and eli proper costs and ex�ases eecund htxeby.
<br /> .=.�,; GUARANTY: S6ould the Dcpa�tmant of. Yeiera�ts Affairs fail or refuse W Issue lts guerqx�cy an full amount witt►m
<br /> -���__� 60 days fram the dace thet this{Qan w�uld namally bocome eBgibk for such guaianty oo�nmitted upon by the
<br /> ---�� Daparnnent of Vetaans Affaire undcr thn proviaions of Title 38 of the U.S.Code "Vc�erans Benefits;' the
<br /> ---� Mortgegee may dodare the indebtcdncss hc�by secured at once due and payab�D and may forecloso immediately or
<br /> '- may eaercise any other rights haeunda or roke any other proper ucdon as by law provided.
<br /> � TRANSFER OF 1T�PROPERT'1':If a1P or eny pe�t of thc Pnoperty or any interest in it is sold or nansferrod,this
<br /> - lan may be decl�rod lmrtbdiately dua and payeblc upon transfer ("ags�unpdon") of Ihc pronerty socuring such
<br /> lan a any a�nsfaee ("agsumer"?, �nless ihe acceptability of the assumpdon and tcensfcx of this loon is
<br /> - esWblisha!by the Depertmrnt of V.tauta Aftai�s or its authon�ed sgcnt pursuant to Soction 3714 of Chapux 37,
<br /> ---- 7ytic 38.Unitod States Codo.
<br /> M su�horized transfa(••assumptian")of�he property shell elso be subjoct to addidonel covcnants and ogrcunu►ts
<br /> aa set forth bebw:
<br /> (�)ASSUII�'ITON FUNDINC}F�:A fix cqual w one•half of 1 percent(.5096)of tl�c tt�paid bal8nce of this
<br /> — ban re of the dete of transfer of the grc�►r.rty shult be payabk at dtie dme of transFrr to the moctgegee or its
<br /> aulhorizod�gent,a�trustoe for tho�nont af Veterans Affairs.If tho�ssuma taila w pay this foc at the time of
<br /> transfa.the fx ahall consdtute ui ac�aol debt on ihnt alre�dy sx�ual by this instrumau,shail bar intaest at the
<br /> rate txrein� providod,and,az tho opdon af thc matga�cc of tho indebtalness hercby aocnrod or any tcansfcxcxi
<br /> ---T� thereof.shall be immodiatelp due and payable.Thia Cce�s autumatically waived lf the assumer is exempt undcr the
<br /> provisions of 38 U.5.C.3729(c).
<br /> (b) ASSUMPT[UN PROCESSING} CHARGfi: Upon applicatan for approval to allow assumpdon and
<br /> - - trnnsfa of this loan,a processing fae may Be chnrgai by thc rrwrtgagee a its authorlud agcnt for decermining the
<br /> —__ creditwonhiness of the a4s�una and subsa�uentiy nvising the hoWer's ownaship cocords when anu�pt�oved
<br /> --- tnnsfa is compktal.The unount ai this charg¢ shuU not excea! �he kssa of the me�wnum establisha!!by the
<br /> _.__. Dep�ent of Veterans Affaira fcxr e lom tv which Sectia► 3714 of Cha�ter 37. '�Ile 38, Unitcd States Code
<br /> — applia oe any mawmum prescribcd by appGcah(e Smte tu�v.
<br />__-v,-,T� {c) ASSUMP'ITON IIVDEMI�IITY LfABY�. •If this obligation is assumod,then tha nssumer hercby agrecs
<br /> ��-`��'.� w astsume ell o the obli ons of�he veter3n under Ihc�crms of Ihe insirwnents croalin�and s�xuring the loan,
<br />°''�Il'"�•``�`" including the obllgaticsn of ihe vetcran to indcmniS`y the Depactmcnt of Vcterans Affsirs tn tlia extent af any claim
<br />-:�;i-,�.;�, .
<br />-'_'.'�c-- .• PaYrr�t atisu�g from thc guartu►ry ar insurance of thc indcbtcdness cnatcd by this instrwncnt
<br /> :���4;j";:;:..� + IN WTiNL,'SS WI�REOR.Boarowcr(s)has cxccutcd cEeic+Y.A.Gunranuxd Loan and Assuinpdon Policy Ridcr.
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<br /> � -Hortoker -Qorrowcr
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