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<br /> VA GU,�►RAN7'E�D LOAN ANQ ASSUMPTION POLICY R1D�R
<br /> LOAN NO.10-1357
<br /> NOTICE: 'I'HIS LOAN IS N�T ASSUMABL� WITHOUT
<br /> TH� APPRUV�L OF THE DEPARTMf�NT OF VETERANS
<br /> AFFAIR� OR ITS .ALJ�HO�R�ZEL� A►.�,i�N�'.
<br /> 'GhF.[S 1rA GUARANTEED LOAN ;�ND ASSUI�P'GIQK PUGICY�t[DER i.s macLe r,�f.s 2SFth da,y of.
<br /> �'Uee 1998 . �xt is Frspa�or�t�d.inta�nd shat�be c�eemr�i r.Q amcnd�nd suppinnn�c d�e
<br /> Mvctj�ge, Deed of'Trust or Deod to Securr Debt @ereia `Savrity lnstnux�enn"�dateQ of even due henwith,
<br /> 1Vd1 py UIC�ELM1C[SI(,[l0U ��ICICI[I tfVliuwc�� �.cr�u.u�c�ov�iOWci�S i:'v:C tC
<br /> �,'- --...--
<br /> ���or No�tgage, A �y�ing Cor�a��atiar�
<br /> (�erein"t�rnder')
<br /> u�d ooYering the Pcopeery desc�bed in the Securiry Instn►ment and Iocued+�t
<br /> 1001 S. Pi�r.�,Grand Island,NE 6,t�S01 �
<br /> (Propeny Addrcu)
<br />- 1''/,�GUARANT�ED LOAN COVENANT: In siddition to the ooven�nts and sgrcements m�de in i6e Securi,ep�
<br /> In�tNa�ent.Borrower wd Lasder fucther oo,�en�nt and sgroe a�follows:
<br /> If d�e indebtedness socvred hereby be gu�ri�tal or insured�u�der Title 38. Unitad Stata Code.such T4Ue and
<br /> Regvluioas issued thercvnder u�d in effq�a•an [he due heroof shal!aovem tht rlghts, dutia and li�bilitfes of
<br /> _ �,.;;mv��.�rl�r.�ny��nyici�ne nt tlhte Cecurity innn�ment or ether��t��^ts exeCUted ia ConlloCtiOtl with
<br /> , s�icl.indebcednps whkh ue u�consisR��a.t with said Tide or Regulxions. inclodiag. but not limitod to, t?�
<br /> �p�nvisioa for payma�t of�ay sum in co�uciian with prepaYroent of the secured indebtodness aod the provisio�n
<br /> r t�a2 the I,ender may �ocskrate payroeat p.f the sxured iadebtedneu��nwnt to Covenaat 17 of.tLe Securiry
<br /> i: '. InstNment. �e hereby amrnded or neg�tec� �a �e exteat neoessuy to conform such insuumenc�,r.�s qaid Tide or , • _
<br /> r: '. Reauluiau.': , , •_
<br /> i I.p171�'i CHAIt�,B:At A.endtr'a option. B6rrower will p�y a'lue cbuge"not excadiag four per ccne�(496)•�,�' • •
<br /> i�T�ti•erdue paymrnt whui paid more tlun h8an(15)days after the due date theroof to cavGr the extra expemse .
<br /> involved in 4�odling deliipu�nt payments.but such'late chugo'sb�ll not be pay�ble out of ohe proceeds of nn}:
<br /> M aale mack to satisry tlu iidetxodna� secured hereby. ualas such procads ue suft'icient ta dlsclixrge the entire
<br /> indebtodness and�ll pcoper costs and expwses sceured hereby.
<br /> � GUARANTY:Should the Deputmeat of Veunns Affairs fail or refuse to itaue its gwnnry in titll�nx�unt within
<br /> 60 d�ys from tLe date[b�c ihi�loan would uornuify bocame�ligible for such gwu�c►ty oommittod upon bY the
<br /> Depunaa�t of Veterans Affain under the provisioas of Title 38 of the U.S. G►k1e 'Yetuuu 8eaefiu. tbe
<br /> '�' Mortgaga mxy,dectare tlx indeHtedne�s hereby xcurod u oaa due and pay�ble iao►1_rn�y farocloae imawdiatdy
<br /> ? • or mry excrci�e s�ny wher ri6hhts hemmdcr or take nry other pu+oper actin+na as by law provided.
<br />! •4;".,. �, TRANSFER OF THE PROPERTY:This Iwa may be declued immecyicrceiy due u�d p�yAble upan��r#mfa of tbe � i
<br /> : �; . prqperty sxuring wch lwn t�o�ny tansferoe,ualaa tt���.�oeptabiliry of che nsumption of the lwm�.i dtablisbod
<br /> . �� . '. �carsuaat to Saxion 3714 otCh�pter 37,Title 38.Un9to�Scaies Code.
<br /> �� �, �� �An�utlwrizecl transfor("sswmption')of t}aA�rqperty sh�11�lso be subjea to dditioaal covecu�nts�ad a�reem�rc�
<br /> �e set fonh below: .
<br /> � � (�)�tSt1MPTI01�! FUNDING FEfi:A f�o oqwl to one-ltilf of 1 petr,att(.SO'X,)of the balaooe of teis 1o�a
<br /> i " .xs of the date ot tnnstsc ot ttae pc+operty shall be pay4ble at tLe time of tr�fa w the lwn holder a its wtboriaed
<br /> � ;ig�at,�tnutx for tln Dep<�n�.,��nt of Vaerur�s Affalr:y.lt tbe�swner f�ils to pry this[a at tbe dme ot tr�mkr,
<br /> , ' the tee sh�ll constituu aa�1i�iuiW ddx to thu alaady,�serured by thie iastNment,ahall be�r interest at tl�e rate
<br /> � herein pmvided.u�d.u tde opcion of the p�ya of the iat7ebcednac heteby ucurcd or any truuferoe tlKCtof,sball
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