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201206��i <br />Loan Number: 0030017966 <br />Case Number: 34-34-6-0189057 <br />VA ASSUMPTION POLICY RIDER <br />THIS LOAN IS NOT ASS LE <br />WITHUUT TI� APPROVAL OF TI� <br />DEPARTMENT UF VETEI�:ANS AFF��I1tS <br />OR ITS AUTHORIZED AGENT. <br />THIS ASSI7MPTION POLICY RIDER is made this Z4 th day of AUGUST, 2 012 , <br />and is incorporaterl into and shall be deemed to amend and supplement the Mortgage, Dced of Trust, or Deed <br />to Secure Debt ("Instrument") of the same date herewith, given by the undersigned ("Mortgagor") to secure <br />the Mortgagor's Note ("Note") of the same date to BNC NATIONAL BANK <br />("Mortgagee") and covering the property described in the Instrument and located at: <br />252I PARK DRIVE, GRAND ISLAND, NEBRASKA 68801 <br />(Property nddress) <br />Notwithstanding anything to the contrary set forth in the Instrument, Mortgagee and Mortgagor hereby <br />aclmowledges and agrees to the following: <br />GUARANTY: Should the Department of Veterans Affairs fail or refuse to issue its guaranty in full amount <br />within 60 days from the date that this loan would normally become eligible for such guaranty committed <br />upon by the Depariment of Veterans AfFairs under tiie provisions of Title 38 of the U. S. Code "Vetetans <br />Benefits", the Mortgagee may declare the indebtedness hereby secured at once due and payable and may <br />foreclose immediately or may exercise any other rights hereunder or take any other proper acrion as by law <br />provided. <br />TRANSFER OF THE PROPERTY: If all or any part of the Property or any interest in it is sold or <br />transferred, this loan shall be immediately due and payable upon transfer ("assumprion") of the property <br />securing such loan to any transferee ("assumer"), unless the acceptability of the assumption and iransfer of <br />this loan is established by the Department of Veterans Affairs or its authorized agent pursuant to section 3714 <br />of Chapter 37, Title 38, United States Code. <br />An authorized transfer ("assumption") of the property sha11 also be subject to additional covenants and <br />agreements as set forth below: <br />VA ASSUMFTION POLICY RID@2 ���� <br />VAPRRDR 01/22/09 Page 1 of 2 www.doanagic.com <br />II I II I l� l il l�l l�I� I I IU Il I Il I IIU I� I I I I II I I I I III I i I II <br />