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201302648
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Last modified
12/31/2013 2:00:35 PM
Creation date
4/2/2013 11:09:00 AM
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DEEDS
Inst Number
201302648
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201302648 <br /> 34-34-6-0194504 Loan Number: 1303125598 <br /> VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER <br /> NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE <br /> APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR <br /> ITS AUTHORIZED AGENT. <br /> THIS VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER is made this 25th day of <br /> MARCH 2013 , and is incorporated into and shall be deemed to amend and <br /> supplement the Mortgage,Deed of Trust,or Deed to Secure Debt(herein"Security Instrument")dated of <br /> even date herewith.given by the undersigned(herein"Borrower")to secure Borrower's Note to <br /> USAA Federal Savings Bank <br /> (herein"Lender")and covering the property described in the Security Instrument and located at: <br /> 4164 TEXAS AVE. GRAND ISLAND, NEBRASKA 68803 <br /> (Property Addre.) <br /> VA GUARANTEED LOAN COVENANT: In addition to the covenants and agreements made in the <br /> Security Instrument,Borrower and Lender further covenant and agree as tbllows: <br /> If the indebtedness secured hereby be guaranteed or insured under Title 38,United States Code,such Title <br /> and Regulations issued thereunder and in effect on the date hereof shall govern the rights, duties and <br /> liabilities of Borrower and Lender. Any provisions of the Security Instrument or other instruments executed <br /> in connection with said indebtedness which are inconsistent with said Title or Regulations, including, but <br /> not limited to, the provision for payment of any sum in connection with prepayment of the secured <br /> indebtedness and the provision that the Lender may accelerate payment of the secured indebtedness pursuant <br /> to Covenant 17 of the Security Instrument,are hereby amended or negated to the extent necessary to conform <br /> such instruments to said Title or Regulations. <br /> LATE CHARGE: At Lender's option, Borrower will pay a"late charge"not to exceed four per centum <br /> (4%)of the overdue payment when paid more than fifteen(15)days after the due date thereof to cover the <br /> extra expense involved in handling delinquent payments,but such"late charge"shall not be payable out of <br /> the proceeds of any sale made to satisfy the indebtedness secured hereby,unless such proceeds are sufficient <br /> to discharge the entire indebtedness and all proper costs and expenses secured hereby. <br /> GUARANTY: Should the Department of Veterans Affairs fail or refuse to issue its guaranty in full amount <br /> within 60 days from the date that this loan would normally become eligible for such guaranty committed <br /> upon by the Department of Veterans Affairs under the provisions of Title 38 of the U.S. Code"Veterans <br /> Benefits" the Mortgagee may declare the indebtedness hereby secured at once due and payable and may <br /> foreclose immediately or may exercise any other rights hereunder or take any other proper action as by law <br /> provided. <br /> VA GUARANTEED LOAN AND ASSUMPI ION POLICY RIDER DocMagic e7aums <br /> GLAPR.VA 03/05!08 Page 1 of 2 www.docmagic.com <br /> BANK_n05aa;356 <br /> If. ' FTARIDER 1303125595 <br />
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