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1^�7 . . :� ,,.� ��1yy7�M�fk,�,e '.:i1N' I{:'`'`�'. i4+r.ht;�4ti4ir'� ..�._ . . �. .. .. __ . . _ ..... ' �..'_'——___. .�..�...�.��. . ........��e'1:.}`�.:--:r�..�._�. ..._ . . ._..,�.....3�.!.��.��YCS_'- "�'_"_ . �i '_ _�.__"_ _ _ . ---� __ �':�.�.=�—:��— — _— —_ , ' Jg- iixsae VA �►SSUMPTION POLICY RIDER NOTICE: THIS LOAN RTN�f�NT pF V�TERANSI AFFAIRS OR�ITSROVAL OF THE DEPA AUTHORIZED AGENT. , THIS ASSUMPTION PO�ICY RIDER Is mad� thb 29th d�Y o� �3Seembe� _—� �-�eS ��nd h hcorponud fnto �nd sh�M W da�rn�d to �mrnd and supplement th� Mortp�ps. Dssd of Trust,or Deed to Secure I�t("Inatrumenl') of th� sortM dats h�nwNh, plwn by th�undlrsfpn�d('Mortp�9or")lo s�CUr�ihs Mortp�por'e Nob (`Nqta")of th�sarrn Wu to Ths Ovarland N�tlon�) B�nk of G��nd Isl�nd Rt succ�sson and asslpn� ("Morty�pN")�nd covlrhfl lh�propKty d�scrib�d in th�Instrumsnt and boated �t: 242�1 Staqeco�ch Ro�d Gr�nd�usnd NE 6580�1 r�ov�r�y eae��. NotwNhstandhp �nythinp to ths contrary eat fonh !n th� Instrume�t, Mortpap�s and Mortp�por hKeby acknowNdp� �nd �pne to th� foMowhp: (iUAHAN7Y: Shoub th� Department of Vetenns AffaYs fsfl or retuse to issua Ns puunnty h full pmount wRhin 60 d�ys hom th� d1�t� that thls bui would namaNy b�con'» s�Nbls lor such pu�ranty commkt�d upon by th� D�partm�nt ol WtKOna AfhaYS undK lh� provftbns of TRM 38 01 lhe U.S. Cods "Wtaan� B�n�f!t�"� th�Mortp�pM maY d�Ckn th• hr3abt�dnas h�nby s�cunri�t onc� du� �nd p�y�bk and mty lorscbse immedktey or may u��s� �ny other riphts hKwnder or tak�any othM prop�r �ctan ��by I�w provfdW. TRANSFER OF THE PROPERTY: If all or any part of th• propKty a o�Y h s�curin s ch lan tar•Y t��^f t� (b°�� d�cynd hwr�diat�y dw wnd payabM upon transf�► ("astumptbn") of th� prop�rly 7 unis«in�iwc�+ir.b�'iY�� _�==�=�'"��`-'�! "-^� �nna4er o}thla b�n la �atl�bliahsd by the Dap�rtm«+t of Ve1K�ns Alfalrc or Rs wlhorf�d �qent pursu�nt io s�ction 371A of Ch�pt�r 37, TAN 38,Unfled Statea Cods. M wthorWd translx ('�saumptbn")ot tha propKty shall aiso l» �ubj�ct to�dditbnnl covsn�nts �ed �as�►�nts as at forth bbw: (�) ASSUMPTION FUNDING FEE: A fe� �qual to onthaN of 1 perc�nt (.60%)of th�unpald prinolpal Wlu�a ol lhis ban �s of th�dal� of iru�ahr of the propeRy sh�ll b�p�y�bk at ths tkn� of trantfer to th� mortq�pw or A� authori�d�p�nt,as WstM for the D�partm�nt ol V�Nrons AMalrs. If the�sau�x hNa to pay thia h��t th� tYrn of transfw,th�Is�ehal constNub�n addNbnwl dM�t to th�t alrndy sscursd by thla hstrumsnt, shel beu intKest�t ths nte hKSin provkisd, �nd, �t the option of th� moApape� of ths nd�bt�dn�s� h«rby a�cund or �ny transbre�thenof, ahall bs Mnrrwdktay du�and payabM_ Th{s fao k �utomatfc�Ny wa1rW M tM �ssurr�Is�oan'►Pt unda th�provfabns uf 38 U.S.C.3729(c). (b) ASSUMPTION PROCESSING CHARGE: Upon �pplic�tbn lor approval to aMOw�ssumptbn nnd tnn�i�r ot thk lou�, • proc�esfny fes m�y M chuped by the mortqlps� or ks �uthorined �pen1 for d�termhfny th�CntJitworthin�ss of th� aswr►�er and subs�quanty rwishy lhe holder's ownershlp ncords when �n approwd tr�ns(�r is compktad. Th� amount of this cha�dh�N not wccMd th�Mss�r�t tM mexlrnum ostablish�d hy th�D�p�rtrr�nt ot VstK��s Athks for a b�n to whbh S�ctbn 3714 ot ChaptK 37,TitN 38,Unk�d St�tss Cod�appYes or any rtwxYnum prescribed by appHc�bk Stato Isw. (C) ASSUMPTION INDEMNITY LIABILITY: It this obipatbn is assumad, then ths �ssum�r h�nby �On�s to aaeurrN iM of ths obllQatbns of the veter�n under the terms ol ths hstrumenls creatlny and securiny ths ban.Ths�ssumer further eyro�s to IndemnMY the D�putment o1 Vetxens AMafrs to the�ztent of �ny c4kn p�YmM1 uisin0 hom the puannty or insur�nC�of tha Indabt�dr►N� c�at�d by this hstrument, IN WITNESS WHEREOF�the prantor has hereunto set hfs hand and seal on;he day and year first herelnbsfors wrkten. (5£AL) Mo•�o•oa� J. �rieler — -�� -�c.�.�c.� ,�� Mo«o=ao� ene' D. etteter '�� (SEAL) '� .�'� Monpapor S � (5EAl.) - Aponpapor `� FSEES.lMO(E/97) BE250 i �