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�o��o�o�� V4 WBCD LOAN � 503587506 CASE �a 34-34-6-8190669 �INa 100052550358750601 VA GUARANTEED LOAN AND ASSUMPTIOIV POLICY RIDER NOTICE: THIS LOAN IS NOT ASSUMABLE WI°THOIJT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. THIS VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER is made this lOTH day of sE�rErssER, aoia, and is incorporate,cl into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Deed to Secure Debt (herein "Security Instrument"} dated of even date herewith, given by the undersigned (herein "Borrower") to secure Borrower's Note to FLAGSTAR BANR, FsB, A F'EDERALLY CHARTERED SAVINGS BANR (herein "Lender") and covering the Properly described in the Security Instrument and located at 2322 W lOTH ST GRAND ISLAND, NE 68803-3656 VA GUARANTEED LOAN COVENANT: In addition to the covenants and agreemerrts made in the Security Instrument, Borrovver and Lender further covenant and agree as follows: If the indebte�lness secur�l hereby be guaranteed or insur�l under Title 38, United States Code, such Title and Regulations issued thereunder and in eff�t on the date her�f shall govern the rights, d uties and I iabilities of Borrower and Lender. Any provisions of the S�urity Instrument or other instruments executed in connection writh said indebtedness which are inconsistent with said Title or Regulations, including, but not limitc�! to, the provision for payment of any sum in connection with prepayment of the se,cur� indebtedness and the provision that the Lender may accelerate payment of the secure,cl indebtedness pursuant to Covenant 18 of the Security Instrument, are hereby amende,cl or negated to the extent necessary to conform such instruments to said Title or Regulations. LATE CHARGE: AtLender'soption, and asallowed byapplicablestatelaw, Borrowerwill pay a"latecharge"notexceedingfour perceritum{4%)oftheoverduepaymentwhenpaidmore than fifteen (15) daysaftertheduedatethereofto coverthe extra expense involved in handling delinquent payments, but such "late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebtedness secured hereby, unless such proceeds are sufficient to discharge the entire indebt�ness and all proper costs and expenses secured hereby. GUARANTY: Should the Departmerrt of Veterans Affairs fail or refuse to issue its guaranty in full amountwithin60daysfromthedatethatthis loan would normally bc�omeeli�ibleforsuch guararrtycommittedu�onbytheDepartmentofVeteransAffairsunderthe provisionsofTitle 38 of the U.S. Code `Veterans Benefits," the Mortgagee may declare the indebtedness hereby secured at once due and payable and may foreclose immediately or may exercise any other nghts hereunder or take any other proper action as by law provided. TRANSFER OF THE PROPERTY: This loan may be declared immediately due and payable upon transfer of the property securing such loan to any transferee, unless the acceptability of the assumption of the loan is established pursuant to Section 3714 of Chapter 37, Title 38, United States Code. An authorized transfer ("assumption") ofthe property shall also be subjectto additional covenants and agreements as set forth below: (a) ASSUMPTION FUNDING FEE: A fee equal to one-half of 1 percent (.50%) of the balance of this loan as of the date of transfer of the property shall be payable at the time of transfer to the loan holder or its authorized agent, as trustee for the Department of Veterans Affairs. If the assumer fails to pay this fee at the time of transfer, the fee shall constitute an VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER Initials: GS , jJ � Online Documents, Inc. P�ge 1 Of 2 �� P8751ASR 1103 09-10-2012 13:34