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<br /> 97� 10SOI)3
<br /> VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER
<br /> LOAN NO.10-1067
<br /> NOTICE: THIS LOAN I5 NOT ASSUMABLE WITHOUT
<br /> THE APPROVAL OF THE DEPARTMENT OF VETERANS
<br /> A�FAIRS OR ITS AUTHURIZED AGENT.
<br /> THIS VA GUARANTSBD IAAN AND ASSUMPTION POLICY RIDER is mxle this 23rd day of
<br /> June , 1997 ,and ls incoiporated into and�hall be dcemed to w�end and supplatnent thc
<br /> Martgage. Dced of Tnut or Dced to Sa:urc Dcbt (herein "Security Insuument")dated of even date hcrewith,
<br /> ��ven by thc undcrsigned(herein"Borrowcr")to secun Borrowcr's Note to
<br /> a�or Mortgage, A Mlyoming Corporation
<br /> (11CI�CjII"j.G�G!")
<br /> and cavering the Property descrlbod in the Security Instrument aad located ai
<br /> 121 E. 20th Street,Grand Island,NE 68801
<br /> cp�nr aaenut
<br /> VA GUAItANTEED LOAN COVENAN'�: In additlon to the covea�ats and agnemeats made ia the Securlty
<br /> lnsuument.Borrower and I.eader further wveivat and ag�+ec as follows:
<br /> If the indtbtedness secured hereby be guarantad or insund under Title 38. United Stat�s Cude,such Title and
<br /> Regulatioa� iuue� theminder aad in effect on the date henof stu�U govein t4e righta, dudes wd liabilities of
<br /> Bonower aad Lender. Any provisioas of the Secudty Instiument or other iust:umepts exxuted in coaaection with
<br /> eaid indebt�dness which an itxonsisteat with said Title or I�egulatioas. including, but n�t Itmited to. tLe
<br /> prs:n:ioA for g�;s�at af eu;��sss ia�r.aecs_�•W�1�gr�_ ��r�wnt p�'th�±vrnrrtl iP�irhtalneea and the�orovision
<br /> that the Leader may accelerue paymeat of the securat indebtalnaa pursuant ro Coven�nt l7 of the Securlty
<br /> insuumeut, �ue liereby amended or negated to the cxtent nocessary ro conform such instruments to said Tide or
<br /> Rcgulations.
<br /> LATE CHARGfi:At Lender's option,Borrower will pay�"ltue charge"not exc�ding four per centum(49fi)of
<br /> the ovordue pAyment when p�Id more:than Rftan(15)daya after tLe due date the�eof to cover the extra expenx
<br /> iavolvod Ia hmdling deltnqueat payments,but such "lete chargo" shall not be payabie out of the procooda of aay
<br /> cale m�de to suiaty the indebtedness exund hereby. nnlcu such pmceeds are sufticient to dischuge the eatire
<br /> indebtedness and�11 propec costs and expensea securod hereby.
<br /> GUARANTY:S6ould the Department of Vetet�os Aff�irs f�il or re�w issue it�gwnaty in full�mount�vithin
<br /> 60 daya from tl�e due that t4is loan would nocmally beeoax eligib e for such guarenty cotnmittai upcm by the
<br /> Departmeat of Veteruu Affairs undcr the provieions of Title 38 of the U.S. Code 'Vetmms Beuefiu," the
<br /> Mortaageo may dxlue the inclebtainess he�by aecurod at oncx due and pay�ble and may foreclwe immediately
<br /> or may exec�cise any other sights hereuader or take any other pmper action As by law pmvided.
<br /> � TRANSFER OF THE PROPERTY: 1'Bis low may be declu�d"unmediately due aad pryable upon triasfer of the
<br /> pnoperty seeuring sucl�lo�a to any tracufeca.nnless the acceptabillry of the aaaumption of tLe loaa i�eanbli�hed
<br /> punuant to Soccion 3714 of Chapu,r 37,Title 38,United Stues Code.
<br /> ;' M wtlwrizod mnsfer("assumptIon")of the pmperty shall�lao be subject to�ddidonal coven�ata aad agreementa
<br /> as aet forth below:
<br /> (a)ASSUMPTION R�,�D�FEfi:A fee equal to onc•half of 1 percent(.3096)of ibe bal�ooe of this Iwn
<br /> . as of the dut of uaa�fer of the properry stWl be payable at the Nme of trwsfer ro the lwn hold�r or ita authoriud
<br /> agent.aa mutee for the Deputment of Vetxrnas Affxirs.If the usumer fiils to pay thla fee u the time of tnnsfer,
<br /> � thc fec shaU wnsdtute an addition�l debt to that already savred by this instiument, still bcu interest at the rate
<br /> , herein provfded,uid,at the option of the payco of the indebtedness hereby secured or any transfene thereof,shall
<br /> - VA QUARANTEED LOAN AND ASSUMPTION POLICY RIDER
<br /> �6SE6(oaat.o� 7/96
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