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<br /> VA GUARANTEED LOAN AND ASSUMPTION POLICY R[D�R
<br /> 1AAN NO.10-1074
<br /> NOTICE: THIS LQAN IS NOT ASSUMA►BLE WITHOUT -
<br /> T FAIRS OR��S AUTHORIZED AGENTT OF VETERAI�IS -
<br /> AF
<br /> THIS VA GUARANTEBD LOAN AND ASSUMPTION POLICY R1AERis mule this 27th day of
<br /> June , 1997 . and is iacorporated into and shall be damed ro amend and supplement the ,
<br /> ' Mortgage. Dad of Trust or Deed to Secure Debt(herein "Security instmment") dated of even date herewith,
<br /> tven by the underslgned(herein"Barrower")to socure Botrower's Note to
<br /> �a�or Mortgage, A Wyoming Corporation
<br /> (hemin"I.ender")
<br /> and covering tho Prop��described in We Securtry Iusuumeat aad located u
<br /> 137 N. Carey,Grand Is1a�d,N� 68803
<br /> cPmperry Aaamss)
<br /> VA (iUARANTEED LOAN COVENANT: In odid'u�fon to the covenants and agrecments made in the Se�urity
<br /> I�stniment,Borcower aad I.enQer further covenaut aad aEree as follows:
<br /> ' if the Indebtedness scewtd benby be guntanteed or inaured under Tlde 38. United States Code. sucb TiUe�nd
<br /> Regulations issuod thereunder and ia effoct on the date hcreof shall govem the rights, duties and llabillties of
<br /> • gorrower acx!Loader.My provisioas of tho Socurlty Instrument or other insuuments�xceuted in connection with
<br /> said indebtednass which are inoom[stent witb raid TiQe or Regulwtioa�, incWding, but not limitod to, the
<br /> pmvision for paymrut o�aay sum in connecdon w�th pnpryment of the sxural indebtedaess and tl�o provision
<br /> Wat the Lender uoay ;ur��1c-rate payment of tho ec�.vtred indebtedacss purouant to Coveaant 17 of tbe Securiry
<br /> � Inattvment,a.�e henby.amen�ea or aega�ed co iao e���ui ua:e��r t8�£c:a�Si7Cj1 SISotfuSTiCffL! SC �5:�TZt7w Qr
<br /> RC$111AI1011�.
<br /> �� LATE CH,�ROE:At L,ender's optioa. Borrower will pay a"lato charge'not excadWg four per antum(4%)af
<br /> ' the overdue payaxac when paid moro than fiftan(15)deys after the due date theroof to cover the extra eapense
<br /> � involval in handiing delinquent payraents,but such "late charge'shell na be payable out of the proc�tds of any
<br /> sale made to suisfy the indebtodna.s secural hemby,unleu such pmcecds are sufficient to discharge tLe entire
<br /> indebtalaess and all proper costs and expenses secured hereby.
<br /> ' GU�►RANTY:Should the Drpartm�at of Veteraas Affairs fail or refuse to issue its guar�nty in fiill amount within
<br /> �� Cp days from the date that this loan would norn�ally become cligible for auch gaaranty committed upon by the
<br /> ,; pep�rtment of Vetoraas Affairs uader the pmvisions of Title 38 of tlite U.S. Code 'Vetcrans Beoefits," the
<br /> ' Mortgaga may declaro the indebt�daess 6enby securcd at oace due ac�d payable and may foreclose immodiately
<br /> '�t or may exercise aay other r�ghts heteundcr or take any other proper action�s by law provided.
<br /> 1"RANSPfiR OF THE PROPERTY;'I'his loan may be declued immediatdy due and payable upon tr�nsfer of tho
<br /> propeny soc�►ring auch loan to eny traasferee,unless We acceptabillry of the auumptton of We loan is esublished
<br /> �, pursumt to Soction 3714 of Chapt�r 37,Title 38,Unitod States Code.
<br /> pn authorized trassfer("asswnption')of the property shall also be subject to additional covenanta and agreemenu
<br /> � as aet foxth below:
<br /> (a)�,j,j�pTiON FjjJVDiNG PEB: A foe equal to one-half of 1 pt[ceat(.5096)of the balance of thia loan
<br /> . as of the date of cransfer of the property shall be payablc at the time of traasfcr to the loan holder or its authorized
<br /> agent.as mutee for the Deputment of Veteraz�c Affairs.If the assumer fails to pay this fce at the dme of transfer,
<br /> the fa sh�ll constitute an addidon�l debt to that already sceured by this instnuuent,shall bear inurest at the rate
<br /> henin provided.and,at tbe option of the paya of the iadebtedness heroby secured or any transferee thereof,shall
<br /> VA DUARANTEED LOAN AND A66UMPTiQlO POLICY RR'9EH
<br /> �63ts 1960q.01 1I96
<br /> vMr Moirrcuat Fona+s•ieoo�eziaze, y�
<br /> • v.o.�o�z rawa/oa ina.ic;��"r��/ �������
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