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� ___ 1. . �'.�:�:�_�—_ �.. �•�'Y+AIt�+!'".�.".'• _ �, • __:� :.�:��-;=-----_- ..�....�:+�- �,^"'"�'__. ."",...�p_.',��.'�.�ti.�..'�...�..4f� =�:;.�__._. � •'.' ."'�- ._�_�.._.._..._..__.._.. '" � .�....�... , : . �.� __ _ --�.�r:e— �r....�_'—_— —�� ._.,t..,4- ��._ �cTtu�JP.ya.'�-.,,. � . APPLi� 301-70918031 97— %a 9�-0�'' V.A.GUARANTEED I.OAIhI A1dD ASSUMPTION PUI.ICY �lIDER NOTIC�: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS ,AUTHORIZED AGENT. THIS V.A.OUARANTBBD LOAN AND ASSUINP'1'ION PULICY K1Df?N is madc this 30TH �y o( ` ocTOesR , 1999 ,and i�incaporatod Into and shall bc dxmcd ta amend and supplcmcnt tho Mortgagc, Dced of Trust or Dccd to Socurc Debt(hcrcin "SccurIty Instrumant") datcd of evcn datc hc�cwilh, given by the undersigned(henin'`Borrower")w sxure Borrowcr's Notc a HOME FEDERAL BAVINO3 & LOAN (hcrcin "I.cndcr") end covcring the Property descdbed in the Sexurity Instrument and located at 1714 CiRAND Y8LIAND AVENUE ORAND ISLAPTD, NBBRASKA 68803 (Property Addro.•) V.A. QUARANTBRD LOAIV COVENAN'I':In addition W the covenants and agreements macle in the Securlty Instrumen�Borrower and L.ender further covenent encf agree as follows: If the indebtcdness secamd hueby be gu�ranked or insured undu Titk 38,United States Cade, such Tidc and Rcgulations issued thercundcr and in cffect on thc clate hcreof shall gnvcm the iigd�. duti�,w a��d llabiiities af Borrowcr and Lendu.My pmv�sions of the Security Instrument or oU�u instruments cxecutod 3n connecdon wlth said Indebtedness whlch are inconsistent with aaid Tide or Reguladons,Including,but not limiud to,the pmvislon for payment of any sum in connecdon with�repayment of tt►e socured indebudness and the Provision that thc L�der may accelcrate payment of the socured ndctNCdncss pnrsuant to Covcnant 17 of thc Secunty Instrumu�t,ar�e heceby amenderl or negated to the extent noce.�.cary w conform such instruments to sald Tide or Reguladons. L.ATE CHARGE:At Lender's option,Bomnwer wi� pay a"lnta charge" not eaaeding fbur pu centum(496)of the ovadue paymcnt when paid more than fiQeen(15)days after thc due date thueof to wvu the extra axpeosc involved in handling delinquent payments,but such"late charge"shall not be payable out of the pmccx�,ds of any sak made eo satisfy the indebudness secured hereby,unless such pracoeds are sufCcknt to discharga the endre indcbtedness and all proper costs and eapenses secured hereby. GI;A:�'+t3T;:�hou13 ilsc�r.�t af!'staarss".f:.,9.d fail or rcf:sse so iw;us it�guasss:r;iss fu!!asnassat::�ishi.z - 60 days f�nm the datc that this loan would normally becomc cli�ble for such gaaranty canmiued upon b� the Depertnient of Vetsruns Affairs under �ha provislons of Titk 8 of the U.S. Codo"Veterans Benefits,' the � Matgagoa may decl�re the indcbtedncss hcrcby setured at oncc due and payable und may foreclose immediately or � may exercise any other rights hereunder or take any other proper acdon as by!aw provided. i � 'IRANSFER OF TEIH PROPBRTY:If aU or any part of tha Property or any interest in it is sold or transfured,this � loan rnay be declared immediately due and peyabk upon uansfu("assumpdon")of the property securing such - loan w any vensfera ("assumer"), unkss ihe ncceptability of the assump6on and trensfa of this loan ls - estabGshed by the Depacbment of Veterens Atfairs or its authonzed agent piusuant w Sect�on 3714 of Chapter 37. : Titk 38,United Ststes Code. � An authorizcd transfer("assump6on")of the prope�ty shall also be subject to sddtflonal covcnants and agrcements as sct forth bebw: � (a)ASSLJN�'I'ION FUNDING FBE:A teecq ual to onc-haif of 1 perccnt(.5096)of the unpaid balenco of this loan as of the date of vansfcr of tha propaty shall be payable at the time of transfer w the mortgaga a its authorized agent,ac uuscee for the Dcpartinent of Vcterans Affairs.If the assumcr fails w pay this fee at the timme o[ ' tiansfu,the fa shall consdWte an adcfidonal dcb[w that alrcady secured by this insvument,shall bear intcrest at the rau heneinprovided, and, at thc �ption of Uro rrwrtgapa of the indebtedncss hereby secured or any transfcrea theroof,shall be immediatcly due and payablc.T'his fce�s auwmatically waived if thc essumcr is cscmpt under the ,, pravisions of 38 U.S.C.3729(c). • (b) ASSUIu�TION PROCESSING CHARdE: Upon application for approval oo allow assumptton and ' transfer of this loan,a proccssing fcc may be argcd by the mongagee or its authorized agcnt for dctemuning the '� creditworthiness af 1he assumer and subsequcntly revismg the holdu's ownership records whet� an approved transfer is completed.The amount of this charge shall not exceed the lesser of the maximurtt established by tha Departmcnt of Veterens Affatrs for a loan to which Socdon 3714 of Chapter 37. Title 38. U�ited States Code � applies or any maximum prescribed by epplicable S�ate lnw. (c)ASSUN�'!'ION INDEI►�VI1'Y LIABILITY: If tt►is obligation u a5sumcd,thcn tho assumcr hercby agnxs to assume all of tha obUgadons of thc veteran undeir the terms of the instruments creatinng and socuring the loan, including the obligadon of thc veteran to indcmnitv tha Dcpaztment of Veterans Affairs to the eatent of any claim payment artsing from the guaranty or insurance of tl�a indebtedness created by this instrument = IN WTINESS WI-�REOF,Borrower(s)has executed ihis V,A.Guaranteed Loan and Auumpdon Policy Rider. —�.��'s'�e�l � J� -�-�-�' '`�i�J..Q.1l�SLL�.t�'�.. - DANNY L KENNS'bY •o�rowcr �lSTINA M KENNEDY �rt�wor J •Borrorer •Horrowcr V.A.(iUARANTEED LOAN AND - ASBUMPTION POLICY RIDER ! ' i "VNp tAORT4A(3E FOR43-(!00)621-720 bl�, I�IIIII)�IIIIIIIIIIII��IIIIII�IIIII I