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� 201208574 V.A. GUARANTEED LOAN AND ASSUMPTION POLICY RIDER NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. THIS V.A. GUARANTEED LOAIY AND ASSUMPTION POLICY RIDER is made this 2nd day of Octobeq 2012, and is incorporated into and shal]be deemed to amend and supplement the Mortgage, Deed of Trust to Secure Debt (herein "Security Instrurr�ent") dated of even date herewith, given by the undersigned("Borrower")to secure Borrower's Note to ACCESS NATIONAL MORTGAGE (herein"Lender"),and covering the Property described in the Securiry Insttument and located at: 820 S Arthur Street,Grand Island,NEBRASKA 68803, (Property Address) V.A. CUARANTEED LOAN COVEMANT: In addition to the covenants and agreements made in the security Instrument, Borrower and Lender further covenant and agree as follows: If the indebtedness secured hereby be guaranteed or insured under Title 38,United States Code,such Title and Regulations issued thereunder and in effect on the date hereof shall govem the rights, duties and liabilities of Borrower and Lender. Any provisions of the Security Inshvment or other instrument exewted in connection with said indebtedness which aze inconsistent with said Title or Regulations, including but not limited to,the provision for payment of any sum in connection with the payment of the secured Indebtedness and the provision that the Lender may accelerate payment of the secured indebtedness pursuant to Covenant 17 of the Security instrument, aze hereby amended or negated to the extent necessary to conform such instrument to said Title or Regulations. LATE CHARCE: At Lender's option, Borrower will pay a'9ate charge"not exceeding Four per centum 4.00%of the overdue payment when paid more than fifteen (15) days after the due date thereof to cover the extra expense involved in handing delinquent payments,but such "late charge"shal I not be payable out of the proceeds of any sale made to satisfy the indebtedness secured hereby, unless such proceeds aze sufficient to dischazge the entire indebtedness and all proper costs and expenses secured hereby. GUARANTY: Should the Department of Veterans Affairs fail or refuse to issue its guaranty in full amount within 60 days from the date that this loan would nortnally 6ecome eligible for such guaranty committed upon by the Depar[ment of Veterans Affairs under the provisions of Title 38 of the U.S. Code "Veterans Benefits", the Mortgagee may declaze the indebtedness hereby secured at once due and payable and may foreclose immediately or may exercise any other rights hereunder or take any other proper actions 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 esta6lished pursuant to section 3714 of Chapter 37,Title 38,United States Code. M authorized transfer("assumption") of the proper[y shall also be subject to additional covenants and agreements as set forth below. (a) ASSUMPTION FUNDINC FEE: A fee equal to one half of one percent(.5%)of the bala�ce 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 uustee for the Deparhnent of Veterans Affairs. If the assumer fails to pay this fee at the time of transfer,the fee shall constitute an additional debt to that already secured by this instrument,shall beaz interest at the rate herein provided, and, at the option of the payee of the indebtedness hereby secured or any transferee thereof, MULTISTATE VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER ]0/03 Page I of2 �,J IniHals;�