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<br /> oazaoz�2o� 98— i�s4s1
<br /> V.A. (aUARANT��A LOAN ANn A5SUMPTIUN PULICY RIDE F � �
<br /> _ NOTiCEt THIS LQAN 1S NOT ASSUMABI.E WITHO[J'�TH O�D AGENT.
<br /> 'TI�1E D�PARTMENT OF VFTERANS AFFAIRS OR I'�S AUTH
<br /> 'Ptliti V.A. 4iJARANTf? 1998AN,and�ia ncar�►ar�ted nta a�nd�hlall�be detmed t�mend nnd upPle ent
<br /> ar ��ix,Y ,
<br /> the Mortpapc,I)ocd of Tnict or i?�ec1 to Secure I)ebt(1�'ein"Security lnstrument")dt�ted of cven d�te herewtt .
<br /> 41ven 6)� tho andorsiRn�d (t�er�tn"Borro��cr") to secure Dorrower's Note to
<br /> Thc� �Squi.t:ahle Buildinq a�nd I�oan Assaaidt:ion af GrandherenaLender")
<br /> ti�►lirnaka. A Foderel 5avin8s Bank
<br /> �nd covprjng tho Pro}xny d�scdl►ed in the�cudty Instrument and lo��ta! at
<br /> � 41G B 1bT11 ST, aR,AND YSI�AND. NSRRASRA 68801-2530
<br /> (ptoperty AdAress)
<br /> Y.A.OUA1tANTF?�'A 1.OAN COVENANT:In addition to the covennnts and agreements made in tha Security
<br /> in��rumo,it, �or;���':.r anw I.�:1[ICr surcher covennnt And sg�ee as follaws: ,`;;,`'.
<br /> If the indt�►tednes�secnred t►areby ttic�uaranteed or insured under'Pitis 3R� Untted Siates C:.Mc,euch Title "1`
<br /> Rnd RetuinttoaA issued thcreundcr and in effcet on the date hereof shsll govern the riglaa,duties and liabllities . ,.,''
<br /> of Borrower Rnd L.endcr.Any pravislons of the Security instrnment or olhcr instruments execuced in connectian
<br /> with s�id indebtCdness whlct� are inconslstent witi�s�id Titla or Requlations, including,but not limited to, ` _
<br /> the provislon for p�►yment 4f any sum ic Ganment of he secu cd indebtednes parsuanttobCa ensu tnl7�of �.���. `°
<br /> provislon that the Lender may�ccelerat p Y �'�
<br /> the Securlty lnstrument,are hereby amended or negated ta the extent neceasary eo c4nfarm such instruments „
<br /> to s+►Id Title or ReQul�eione•
<br /> LR.TE C}IARG�:At Lendcr's oP d moro than fiftan(13)days afterg he d eedatothereof to co er the cx�a
<br /> of the overdue paymcnt whon pAi
<br /> e ro�ceed�of aney s�lehn ade ta satisfy tt►e indCbudne s secured,he eby.unle�s such proceeds are�sufficient ta
<br /> P _
<br /> di�ch�r�e che ent.lre Indebtcdnes: and a11 ��o�;i cast��2�t!e`:!'rncec stcurtd heie Y.
<br /> dUARAt+Y['X:Shoulde datcttA this loen ould no mf ally becjome eligiUle fa��uch guara ty commiued upan
<br /> wtchin 60 day�frem th
<br /> by the Ikpar�ment of Vetare tha indebudness herebySSeetuedTatlance d ec and payublo a drmayBforec o�so . '
<br /> the Mortqngce may decl , �
<br /> immediately or msy cxerclse any other rights hereunder or take any other proper accion as by law providod.
<br /> TRANSF�'R OF TH8 PItOPERTY:�duc and yayable utpon transfer("assumptiant')of th paoperty�aecun'�ng ' ,
<br /> nlha,�lo�n may be declarai immc�dle�telY p ' .�
<br /> swic3r,lo�n to eny traneferee("aASUmer")�unless the accept�biltty of the assumption and transfer of thfa loan �
<br /> iR etu�blishcd by the Department of Vcterans Affaire or fts authoriz�d agent purausnt to Section 1814 of Ctupta::.�:�; •. •'
<br /> �T,.Ti¢�C 38, United States Code. � ' ' �
<br /> /�,n�urthorized trRntfcr ("assumption") af thc property shall also bb subj�ct ta add(tional covenaata and: ,'' .
<br /> uQK�t►t��set forth below: • • : '
<br /> , � ���A fce equal to onc-tialf of 1 percent(.SOho)of.the unpaid principal' � ,
<br /> ����s . �s o t e datc o#trastee for the Dcpartn cti taof Veper�ns1Affairs,lf he assuma'fails to
<br /> m�����x+�anuebarized a�ent,as tru
<br /> pay thiY fte�c the xio�of transfer,the fee shall conatitute an addltionel debt to thst alrexdy secured bY� �y
<br /> inarwment,sh�ll buc im,ta�st at th�rate}ierein 1�rovlded,and,at the option vf the mortaaga of the indebtodness
<br /> -�f tn��um�r a e��pc�m��adert he,nrovisions�of S U�aS C a1829(bjsYsbla Tltis fa is sutomadcally waived
<br /> i
<br /> ���y,�g(}g�Upon epplication for approval to ullow assumpdon an
<br /> trMni[�a[tnia �►n��Proces�ee maY be chat�ed by the mortqagea or its authoriud a8ont for dettrmiuing
<br /> the¢r�dltworthincs�of the assumer�a►a subsequently rcvising thc holder's ownership rocc�rds when a►�a�prpvaf
<br /> trancfer is m nP��f��Th� s Aff�irs fo ha kt��to which Section 1814 of Chapteh 37,Tick 36 Unit�etl Staces �
<br /> �h��� ec,able 5tate law. -
<br /> Code�pplies or�ny mucimum prescr(bed bK apC��
<br /> �C� •If tl�is obltgat[on is assumed,then the assumer k�sXetiy '
<br /> R�rec�to�uuume� o t e o �ations o the ver,ecu�under the tenns caf the instruments ereatinp�and.sect�k�s+$•
<br /> tbe fonn,f ncludlna ths obli�tdo�t oF the veserxm to imdemn6fiy the Dc�p�ztn�2ctt of Veterans Afiais.s tn•i�hz ex3�t
<br /> at�ny c1111m p�yment arir�in�fr�m CE��Sc��c���y'�r n�+s�urae�et o6 tlhe nndebYed�mess ctsatsd��t3�'is i»st��vm�n2.! .
<br /> iN Wii'I��SS Wk1ER�q�.B�nrowMs)has cxecutod this V.r+.Ziu�rds�rtced 3��•�nd f\ssumption�'�olicy Ri�der.
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<br /> .. .""�'u--°--4- •Borrower
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<br /> V.A.01lAl1AMTlfD 40/►N AND IiWIM��T10M����`N
<br /> "_ �•���uor�m v�.w�ro�nero�� • u�aiz»-eioo a �eoaeii•�s��
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