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201206260 Case No.3434-6-0187895 Loan Number:518-OOQ00745 VA GUARANTEED LOAN AND ASSI7NiPTION POLICY RIDER NOTICE: THIS LOAN IS NQT ASSiTMABLE WITHOUT THE A.PPROVAL OF THE DEPARTMENT OF VETEI2ANS AFFAIItS OR ITS AUTHORIZED AGENT. THTS VA GUARANTEED LOAN ANl?ASSUMPTION POLICY RLDEIt is made this 23RD day of JITLY,20i2, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Deed to Secure T?ebt (herein "Security Instr��menY') dated of even date herewith, given by the imdersigned (herein "Sorrower")to secure Eorrower's Note to OPEN MdRTGAGE,LLC(hezein"Lender")and covering the Properiy described in the Security Instrument and located at 6120 WEST WILDWOOB D1tIVE,AI.DA, NE 68810 (Pcopezty Address) VA GITAI2ANTEEA LOA]Y COVENANT: In addition to the coveuants and ageements made in the Security Inshvme�,Borrowa aad Lender fiuther covenant and agree as follows: If the indebte�ess secured hereby be guaranteed o[insured under Title 38,United States Code, such Title and Regulations issued thereunder and iu effect on she date hereof shall govern the rights, duties and liabilities of Borrower and Lender.Any provisions ofthe Security Tnshvment or otfier instruntents executed in conaectian with said indebtedness which are inconsistent witiz said Tide or Regulations,including,but not limited to,the provision for payment of any sum in connection with prepayment of the secured 'mdebtedness and the provision that the Lender may accelezate payment of the secured indebtedness pursuant to Covenant I S of The Security Instn�ent,aze hereby amended or negated to the exteut necessary to conform such inshuments to said Titie or Regulations. LATE CHARG�.:At Lender's option,Bvrrower will pay a"late charge"aot exceeding four per centum(4%}of the overdue payment of principai and 'mtexest when paid more ihan fifteen(IS)days after ihe due date thereof to cover the extra e�ense involved in handlmg delinquent payments, but such "late chazge"shall not be payable out of the proceeds of any sale made to satisfy tfie indebtedness secured hereby, unless sucfi pxoceeds aze sufficient ta dischazge the entire indebtedness and all proper costs and expenses secured hereby. GUARAN'1'X: Should the Department of Veterans Affairs faii or refuse to issue its guazanty ia tull amount within 60 days from the date that fhis loan would normally become eligible for such guazanty coznmitted upon by the Depattment of Veterans Affiirs under the provisions of Title 38 oPthe U.S. Code "Veterans Benefits;`the Lender may declaze the mdebtedness hereby secised at once due and payable and may foreclose immediately or may exercise any other rights hereunder or take any other proper acrion as by law provided. TRANSFER OF THE PROPERTY: This loan may be declared'unmediately due and payabie upon transfer of the pmgerty securing such loan to any transferee, unless the acceptability of the assumption o;Fthe loan is established pursuant to Section 3714 of Chapter 37,Title 38,United States Code. An authorized traosfer ("assumption") of the properry shall also be subject to additiona(covenants aud ageements as set forth below: (a) ASSIJMPTTON FUNDING FEE: A fee equal to one-half of 1 percent {.50%) of the unpaid principal balance of this loan as of the date of hansfer of the property shatl be payable at the time of transfer to the loan holder or its authorized agent,as trustee for the Depazhnent of Veterans Affairs. Tf the assumer fails to pay this fee at the time of transfer,the fee shall consritute an additional debt to that already secured by this insmiment,shall beaz interest at the rate herein pro�ided, and, at tfie option of the payee of the indebtedness hereby secured or any �ansferee thereo�shall be immediately due and payable. This fee is automarically waived if the assumer is exempt under tfie provisions of 38 U.S.C.3729(c}. �`� Initials: H/�� • USVMSSUMRI�Ei2 Page i o(2