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�E-RE�O�DED �01�0877ti L�AN �: 1208R3B00321755 � CASE �: 34-34-6-0191817 MIm: 1001112-0000004026-1 VA GUARAMTEED LOAN AIdD ASSUMPTIOIV POLICY RIDER NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL QF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. THIS VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER is made this iaza day of oc�rosEa, Zoia, and is incorporated irrto 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 x�s�,s &TATE s�xx oF ranx��r�, A KANSAS CORPOR11allTIO�T (herein "Lender") and covering the Property described in the Security Instrument and located at 1724 W Charles St Grand Island, NE 68803 VA GUARANTEED LOAN COVENANT: In additian to the covenants and agreements made in the Security Instrument, Barrower and Lender further covenant and agree as follows: If the indebt�ness 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 govern the rights, d uties and liabilities of Borrower and Lender. Any provisions of the Security Instrument or other instruments executec! in connection with said indebtedness which are inconsistent with said Title or R�ulations, including, but not limite.cl to, the provision for paymerrt of any sum in connection with prepayment of the secure,c! indebtedness and the provision thatthe Lender may accelerate payment of the secured indebtedn�s pursuant to Covenant 18 of the Security Instrument, are hereby amended or negated to the extent necessary ta conform such instruments to said Title ar Regulations. LATE CHARGE: AtLender's option, and asallowed by applicablestatelaw, 8orrowerwill pay a"latechar e"notexceedingfour percentum(4%)oftheaverduepaymentwhenpaidmore than fifteen �15) daysafterthe duedatether�fto coverthe e�ra 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 indebtedness and all proper costs and expenses secured hereby. GUARANTY: Should the Departmerrt of Veterans Affairs fail or refuse to issue its guaranty in full amourrtwithin 60daysfrom thedatethatthis loan would normally becomeeli�ibleforsuch guarar�ty committed uPon bythe Department ofVeteransAffairs under the pro�nsions of Title 38 of the U.S. Code 'Veterans Benefits," the Mortgagee may declare the indebtedn�s 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 imm�liately due and payable upon transfer of the properry securing such loan to any transferee, unless the acceptability of the assumption af the loan is established pursuant to Section 3714 of Chapter 37, Title 38, United States Code. An authorizecl transfer ("assumptian") of the praperty shall also be subject to additional covenants and agreements as set forth below: (a) ASSUMPTION FUNDING FEE: A feeeq ual to on�half of 1 percent (.5Q%) of the balance of this loan as of the date af 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 POUCY RIDER Initials t ''�� Online Documents, Inc. P�ge 1 Of 2 8751ASR 1103