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<br /> ' VA GUARAN'A'EED LOAN AND ASSUMP�'ION POI.ICY RIDEIt
<br /> � wntv�vo.1539217836 �'
<br /> ` NO'I'ICE: 'THIS LOAN IS NO'T ASSUMA�LE WIT�-IOUT �-
<br /> � � T FAI�RS OR ITS AiJTHORI�ZED AGENTT �� ������� �{
<br /> ,.'o.S /�a IE.:"
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<br /> THIS VA C3UARANTBED IAAN ANO ASSUMPTiON POLICY RIDER is made this 211d day of
<br /> �� OGtOber , 1998 .and is incorporated into and shall be deea►ed ta amend aad supplement the `°
<br /> '. � Mortgage. Dad of 11ust or Deed w Secure Debi(herein 'SECUrIty Iascniment")dated of even dute herewith, `
<br /> � given b�ythe undersigntd(herein'Borrower")to aecure Bormwer's Note to --
<br /> �� , � COLUMBUS FEDERAL SAVINGS BANK _
<br /> (ttenia'LEader•)
<br /> : aad covering the Propecry described ia the Securlty Insmuaent and locatesi at
<br /> 803 EAST 7TH STREET,GRAND ISLAND,NE 68801 _
<br />_ �n�aaa�� -
<br /> '`' � VA t3UARANTBED I.OAN COVBNANT: 1n addition to the covenants and agreements made iu the Security
<br /> Instiumeat.Boarower and Lender furthar coveuant and agree as follo�vs:
<br /> ' If the indebtc�ness secuned henby be guaranteed or insured under Title 38, Uaitesi States Code. such Title and
<br /> Regulatlons issued thereunder aad in ef�ax oa the date hereof ehall govem the rights. duties and liabilides of
<br /> Bonoaer and L,ender.Any pmvisions of the Securlty Iasuumene or other instauments wcecuted in conaectlon with
<br /> _ �� � ..� said indebtalness w�ich are inconsisunt witti said Title or RegWattons. 'Inclu�ding, but not limited to. the
<br />_ -.' � pmvisioa for paymentof aay sum In conaection with prepayment of the sectued indebtedness aud the pmvlsfoa�
<br /> :-:. . :.s �ment.arerheneby awertded or�egated to the eaatent udecessary w cp,o�tsuch iasticnments to sa[d Ti�e or • -
<br />�:,�:�:.�:��.. � Regulations. �
<br />'_''"°f'`��-�� I.fiTE CHAK��:P�L�'�oFtit►n;Rnrrower arill nav a"tate chatBe" trot excsediug four per oentutn(4916)of: s
<br /> _�°::''";:��:., • the overdue payment ahea paid mon thaa fiRcen(ISj days aRer the due data theraof to cover thc warac�c�usv ,.
<br />":%��� •� ' involved in handliag delinquent payments.but such`late sharge' shall not be Qayable out of tha pmceeda of anY
<br /> - `�: � :��� sale made w sadafy the indebtedaess secueesl henby.unless such proceeds aie sufRcient to d3�chacg�ths emire
<br />,!';7;'_`.`��7'T.7. � �. ,
<br /> _ . .,.�,:� indebtedness and ali proger costs and expenses sec�red herebY• • ..
<br />=-`�w;e�-r;:��+ C3UARANTY: Shonldthe Depa�nc of Veterans Affaits fail or refifse tm isane iBs guaraatY in fu11 amouaE•wltb�in
<br />_�:;.�`1�Y.��,:;;
<br /> -:`":`�;s�:� 60 daya from the date that this toan wonid notaoalZy become ellgible for sueh,guaraniy+cammittod ugon by ths
<br />"-r��'��: Degaztmcnt of Veteraos A'Ffairs under t6e provisions of Title 38'of�We U.5. Casl� `VC[eiarl.4 BCIIefiis�" the
<br />="'`�'�� Mortgage,s may decian the iadebteduesa 4�ereby securod at once dne and payable and may foreclose immcdi2uely .
<br />"9'�"='" '' or may exe�ise any o�her rights hereur�dcr or taloe any other proper acdon as by law pmvided.
<br />-:.;«:�.�»:��
<br />-����,;�� TRANSFBR OF THB PItOPBRTY:Thia loau may be declared inamediatelY due aad Payable upoa aansfea ofithe
<br />--=��,c„� property secvring such laan.to any traosferee,ualese the aeoeptability of the assumption of the loaa is rs�b]1�hec!
<br />°"'�� purauant to Sc.ctioa 3114 of�ahapter 3?,'tit}c 38.�Jnited'Stac¢s Codc.
<br /> '-�."---- An authorized traasfer('assumption"y of the property shall also be subject to additlonal cevrs�qts matl�a�eements
<br /> -="y'���� as set forth below: �
<br /> -.__n_�.�r,�— • �a� , j�jQ�+ $:A fee eqval w oae-half of 1 perant(.509b)of the b�laace of this loan
<br /> "=-;u�f�':.;:,�`�>�, a8 of the date of tcaas er of-ths property shall be payable at the dme of traasfer to the loan holder or its authorlud
<br /> "�"`���'�"�`'' .agent,as uustce for tDe�epartment of Veterans AffaiYS.If the assumer fails wpay this fce at the time of uansfer.
<br />�:e::-��
<br />' --T-----� het in p���ead,�ed pdon of t�he payee of�the�IadebtedA�s tiereby secured or any uansfe�tertoY.sball
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<br /> - --_ -° VA QUARANTEED LOAN AND ASSUMPTION PQLICY RID�ti.
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