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<br /> 98- i�i
<br /> VA GUARANTEED LOAN AND ASSUMP'I'ION POLICY RIllER
<br /> LOA.N NO.10-1442
<br /> NOTICE: THIS LOAN IS NOT ASSUIVIABLE WITHOUT
<br /> THE APPROVAL OF TH� DEPARTMENT OF VETER.ANS
<br /> A�FAIRS OR ITS AUTH4IZIZED AG�1�T.
<br /> THIS YA GIfARAMTEED LUAN AND ASSUMPTION i?OLUCY RIDER is ma�ie thes 2nd day of
<br /> Jul V , 1998 ,wd is icwPa7Potatadl into ancl shalh Yr��c!`e�ned t�artitnd anct supptcmc►t the
<br /> MoTi.�a�e, Deed of Tre►st oc�xd t� Socure Aeb�t (herein "�curirr 9�:���:��imenR")dated of even d�te R�ereweth,
<br /> ..ga�;r»:�by�•,ine undersigncd(he�esr.r."1Rarrower')to secure B�xr.u�+v.er's iV�DIE�f0
<br /> . �Ma��a,:r '��ior#gage, A �iyur�,��ir�g �arpor�ti r�tt� 7�,,� -
<br /> � . ' ��4�:�1�WLp��l'nY'y: .
<br /> ,n.nc]covering�t`he'�rc;yar�s}il�s`ri�etl;ea 7:r.e:S�acuri�y.(r�s�lnn�,�re.n';,nn4 fimc�,':��1�t
<br /> ` 31n East �Oth Street ,Grand Island ,NE 68B�1
<br /> (Properry Address)
<br /> VA GUARANTEED LOAN COVHNANT: In addition to the covenents and agramcnta made in the Security
<br /> r�,�r,�.ns,R2�xr�r a�ul i�ender further covenuU and aR[ee�s follow�s:
<br /> If the indebtednas securod hereby be ewpntood or iasured under Title 3R, United States Code, wcti'cltie aad
<br /> Retul�tlans issued thereunder and in effxt on the d�te hereof shall govem the riphts, dutie� �nd liabilftia of
<br /> ' Borrower�ad Lender.My provi:ions of the Security Instxument or aher inatrumrnu executed In cont�octina witls
<br /> ,- s�ld indeMedness which aro inconsistrnt with taid Title or Rcauluic;u, irtcludin6. bu: noc limitod to. the
<br /> provi�lon for paymrat oF�ny sum ir►corubction with prcpayment of che securod indebtednea�+nd the provision
<br /> � thu the I.ender may acalerete p�yment uf the secucod indebtedness purswnt to Covrnant 17 of the Socarity
<br /> Iustcument, ue her�eby �mendod or negued ta the extmt neoessary to conform such instnima►u to sAld Title or
<br /> Reaul�tions.
<br /> .Ll
<br />� LATE CHARGL�: At Lender's option,Borrowcr will pay a"IAtc chnrge"not cxcoalfng four per antum(4%)of
<br /> tt�e c�veMue p�yment when p�id more than fiftan (15)days aftcr the duc date theroof to oover the eatra eapen�e
<br />= involved in hendl[ng dclinquent pryments,but such "luc chuge' shall not bc pay�ble out of tt�e pt�ocecda of any
<br /> — s�Je mdc to sAtisfy thc indcbtadncss securod hcrcby,unless such procoeds ue sufCclent to disch�rg�the entirc
<br />� indebtodncss and all proper costs and expenscs securod hcnby.
<br /> �U�
<br /> "f (IUARANTY:Should tLe Department of Vet�rans Affeirs fail or rcfuse to isaue its gwrmty in full an►ount within .
<br /> :� 60 days from t�e date ch�c this lo�n would iwrm�lty bocome eligible for such guuanty�ummitted upon by tbe
<br /> Depattment of Veterans Affurs under thc pro�vtsiuru of Tlde 38 of thc U.S. Cade 'YCterans Sene.fits," the
<br /> � Mongaga may doeaare the indeModness hereby soeured at once due and payable aad.tnay foceclose iiumedl�tely ,
<br /> S or mxy exercise any other rights hercunder or talce amy c,ther pmper action as•by liw prouided.
<br /> � TRANSIFER OF THE PROPER�"�:This loan may be detlnrcd immediately due u�l.pa�.ubte upon traasfer of thc �
<br /> praper�y aecuring such loon to any transkrce,unlrss the acceptabiliry of the assumption of the!wn is euablishui
<br /> � putswnt to Sectiou�714 of Chapter 37,Title 38,Unital3t�tes Code. .
<br /> An authorizod cransfer('assumpdon')of the propecty sha1�also bo subjxt to additional covecuuits a�x7 agramenta
<br /> � a�set forth below:
<br /> : (�) �,,'S[JMPt'tON UNDING PEE: A fee oqual to one•half af 1 percent(.5096)of the balnnce of this lo�n
<br /> � u of the d�te of transfer uf the property shall bc payablc at the time of transfer to the lonn holder or its authoriud
<br /> agcnt,as tn►stec for the Dcputmcnt of Vcterane Affairs. If the aasuttx:r fails to pay thic fa at the ticna ot'trwsfer,
<br /> '. Ux fa she11 constitute an additi�nal debt to t6at al�tiady secuc�ed by this instrument, shall bear interest at the rate
<br /> ' hercin pmeidal,and,at thc option of the payec of thc indcbtodness hareby secured or nny transferoe theroof,shell
<br /> VA QUARAMTEED I.QAN AND ASBUMPTION POLICY RIDER
<br /> : �13i�rosa�.oi 1196
<br /> YM►MOMTOAGE F0111N5•1/0016 7 1-7 2l1 /� I�������
<br /> rp,�ai �nva�oe i�+nw.:��1��
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