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<br /> — 97'� 1l!I1�6
<br />-- VA GUARANTEED L�AN AND ASSUMPTION POLICY RIDER �
<br /> "�• 1.onN Nca.10-1126
<br /> NOTICE: THIS LOAN I5 NOT ASSUMABLF WI�HOUT
<br />-" THE APPROVAL OF THE DEPARTMENT OF VETERANS
<br />_�� AFFAIRS �R ITS AUTHOR�ZED AGEI�TT.
<br /> �' THIS VA�UARANTEED LO.�►N AND ASSUMPTION POLICY RIDL�R is madc this 29tb day of
<br /> �� August , 1997 ,aad is incoiporated iato and a6a11 be damed to arnend and supplemeat the
<br /> Mortgege, Deod of Trust or Dad to Secun Debt(herein "Securiry Iusuument")dtued of even date henwith,
<br /> given by the underalgaed(henin"Borrower')w securc Borrower's Notc to
<br /> Ma3or Mortgage, A Wyoming Corporation
<br /> (bCIL�II"I.CRf��f�)
<br /> __ a�.v1 covering the Ptoperty descrl6ed in the Se�.,urity Instiument and located at
<br /> � 23d8 Grand Island Avenue,Grand Island,NE 68803
<br /> �rmpenr Aaaras�
<br /> '-_ VA��UARANTEED LAAN GOVENANT: In addition to the covenanta and agreements made in the StcurIry
<br /> I�s�vmeat,Bornower and I.ender further covenant uid egree as follows:
<br /> If the Indebtodness secured henby be guarantAed or iasured under Tltle 38. Unital States Code,such T1Ae and
<br />_—; Regulations issued thereundar and ia effect on the dau heroof shell govern the rIp,hte. dudes end liabilldes of
<br /> Borrower and Lender. My provIalons of the Security Iastrumeat or other ipstrumeata executed in coaaxtion wIth
<br /> sai<i andebtedness which an inoonaiatent with said TItle or Regulattons. including, but aot Iimited w, the
<br /> prov�sian for payineat of any st�m In connection with prepaynaent of the aecurod indebtsdaess aad the provlslon
<br /> �. rhat cl�� /r_.n�te� rnaY svx�lr_.ra�� na�ym�t �t the ce�nnxl inciri►texln�c�a nn�iunt t� (`.t►venant 17�f the Seiuril�r
<br /> Instnunent. are henby Amendod or negatai to the eatent nece.tsary to confomi auch inatmmente w asid Title or
<br /> Regulations.
<br /> LAT6 CHARCiE:At I.ender's opdon.Borrower wlll pay a"late charge"not excading four per xatum(4!6)of
<br /> ti�e ovardue payment when p�id more tLw fiftan(15)days after the due date tLereof to oover the extra oxpensc
<br /> involvad in h�adling deliaquent p�ymeata.but such"late cUarge"shall not be p�yable out of the proceeds of�ny
<br /> sale mada to auiafy tiao indebtedaas aecured hereby, ualess such proceeds are aufficieat to diechurge the endre
<br /> 1 indebteda�ss wd aU proper coats eod expenses secured hereby. --
<br /> ' C3UARANTY:Should tLe Deputment of Vaeru�s Affairs fiil or refuse to issue its guuwry in fuU amount within
<br /> ' 60 diys from the due thu tl�is loan would nosmally bocome eligible for such gu�raaty committod upon by the
<br /> � Depactment of Veteran� Affains under the pmvisfone of Tide 38 of the U.S. Code 'Veterans BeaeRu," the
<br /> j Mortgaga may dxlare the lndebtedn�as henby aecured at onse due and puyable and may foreclose irYtmodfately
<br /> ; or msy cxercise any other rlghta benuader or take any other proper xtion as by law pmvided.
<br /> 4 TRANSFER OF THE PROPBRTY:Thia loan may be declued immed.iacely due and pryable upon uwsfar of the
<br /> � pmperty aerurfng auch loaa to any transfera,ualess the acceptabiliry of the assumpdon of�he Iwn is established
<br /> purswmt to Sxtion 3714 of Chepter 37�Tide 38, Uaited States Code.
<br /> � An authorized traasfer('assumpNon")of the pmperty shall also be aubjxt to addit3oa�1 coven�nta md agramenta
<br /> as set forth below:
<br /> (a)ASSUMPTIO�FUNDjt(a FEE: A fee equal to one-half of 1 perceat(.5096)of the bal�nce of thie laan
<br /> as of the date of uaosfer of the property shall be gayable at the time of aansfer to the loan holder or its authortzed
<br /> � agent,as awtee for the Department of Veterans Affiirs.Tf the�ssumer fails to pay this fee at the time of masf�r.
<br /> � the fee shell conadtute�n additional debt to that already aecured by this insuument.ahall bar interest at t6e rue
<br /> herein pmvtded,and.at the option of the payee of the indebtedness hereby secured or any traasfetee thereof,a1W1
<br /> VA QUARANTEEO tOAN AND ABSUMPTIOH POLICY RIDER
<br /> _ . �63s�tseai.o� 1/88
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