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<br /> � � 97� i�915
<br /> VA�UARANT�ED LOAN AND ASSUMP'1['ION POLYCY RIDER
<br /> LOAN NO.io-ioao
<br /> NOTICE: THTS LOAN I5 NOT ASSUMA�3LE WITHUUT
<br /> AF�AAIRS OR ITS AUTH�R.DZED�GENTT OF VETERANS
<br /> THIS VA(iUARANTESD LOAN AND ASSUMM'ION POLICY FcIDER is mtide this 20th day of
<br /> June , 1997 .and is inco�ponued into and shcll bo damed to amead and aupplemeat the
<br /> Mortgaga, Deod of Tnut or Dad to Secure Debt (herein "Secuclry Ins►mnne°t") dated of even date herewith,
<br /> $i-ven by t6e widersigned(herein"Borrower")to secuce 8ocmwer's Note to
<br /> Ma�or Mortgage, A Wyoming Corporation
<br /> (henin"Lender")
<br /> and covering tbe Propecty descriMxl ia tl�e Soc�riry Instcument uid located u
<br /> 4170 Hartford,Grand Island,NE 6ti803
<br /> c�nr�aarc�s�
<br /> VA GUARANTHED LOAN COVENAIVT: In addltion to the covenana and agnemenu marle in the Securlty
<br /> Instntmeat,Borrower�ad Lender funher cove�unt uxl a$rx�s follows:
<br /> If the iadebtodaqs sacured 6eceby be Buu+ntad or insue+ed uader Tide 38, United States Code. anch Tlde and
<br /> Reguluious issued thereunder aad iu effect oa the date heroof sbdl gc►vein the righta, duties aad liabUities of
<br /> Borrower�od Leader.Any pmvlsiona of ttu Saudty Instniment or other insuua�eaW execuced in cunaeMjon with
<br /> ir�td _'_� �hich � iacan.-i-acai ::is� s.:id T3sle ar o�.�lss�4^•, lar.tnctin�; Iwt not limited to. tLe
<br /> provision for paymtat of�ny sum ta connectioa with pnpxya�ent of the�ecurod indebtodness uM the provision
<br /> that the Lender may acoelenue p�►yment of the secured indebtedaess purswnt to Coveaant 17 of the Security
<br /> Iastn�t. ue her�eby unendod or uegued to the catent nooessaiy to c.unfosm such insuumenta to siid Title or
<br /> _ Rcgulatioas.
<br /> . I.ATE CHARGE:At Lender's optioa, Bormwer will paY a'lue charge'n4t excxeding four per ceAtum(49L)of
<br /> 7 the meidue p�yraaat whea paW more than fifteea(15)drya�r the due dau therooi to cover the cxtn eapease
<br /> ' involved in bmdling dellaqueat paymeuts.but such"luo chuge"shaU not be payabk out of the pnoaeds of�ay
<br /> = a�te made to atisfy tho indebtaloou aocured 6�reby. unlese such prooeods are sufficient to diechuge the entin
<br /> indebtodaas�od all proper costa aad eapeaaea secured hecxby.
<br /> :. GUAEtANTY:Stiould the Deputment of Vetcrws Affaira fai!or refuae to Issue iu g�uranry in tull,umounc within
<br /> 60 days from the date tl�at thi�lo�a would normally bncome eligible fa such gu�nuary oommiteed W�on bY the
<br /> � UepuhmaK of Veterana At�irs under tLe pmviaions of Tide 36 of the iJ.S. Code 'Veteraos Boaefiu." the
<br /> 7 Mongaga m�y ddclan[he[ndebtedneu herebY secured�t ouoe due wd piy�bla aod may foreclae immediately
<br /> or miy taetciae�ny otb�.r dghts hec+e�uxler or take aay other pcoper actioa�s by law provided.
<br /> � TEUNSFER OF THE PROPERTY:This lwa may bc declarod immediately due and payable upon tc�osfer of tlu
<br /> t PmpertY�oca►rio6 such lo�a W any traasferoe.unlas the�bilicy ofthe auumption of the loan#s e.uablisbod
<br /> � pursuant A Saxioa 3714 of C6�pter 37,Tide 38.Uniud State�Code.
<br /> An authorizod trwsfer("assumptiou")af the Prope►tY shall also be subjed to�ddidoaal oovenaats�nd sgreements
<br /> . as set fonh below:
<br /> . (�)Atc�ttutpT'IOjV FUNDING F!?E:A fx tqual to one-hxlf of 1 petc.�ent(.50�)of tlu baiAnoe of this low
<br /> as of tLe dau of trmsfer of We pmpeny sh�l[be payable u the time of umsfer to the loan holdec or its authorined
<br /> ' agent.as uuste�for tLe Deputment of Veterans Affxira. [f the uwmcr fdls to pay this fa at thc time of tru�sfec.
<br /> the 3ea shall oonatitute u►addidonal detx to ttut already setund by this iustiument,shul lxar interest at the rue
<br /> hercin pNVided,�nd,at thc option of the paya of the indebudneas he�+eby secured or any tansferoe thereof,sh�ll
<br /> i
<br /> VA tlUAMNTEED LOAN AND A88UMPTION POLICY RIDER
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