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201406080
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Last modified
11/21/2014 9:00:32 AM
Creation date
9/24/2014 4:03:02 PM
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DEEDS
Inst Number
201406080
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201406080 <br /> • <br /> 34-34-6-0200865 Loan Number: 1408071958 <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 23rd day of <br /> SEPTEMBER 2014 , 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 /> 1119 PLEASANT VIEW DR, GRAND ISLAND, NEBRASKA 68801 <br /> (Property Address) <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 follows: <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 ASSUMPTION POLICY RIDER DocMaglc egtovore <br /> GLAPR.VA 03/06/08 Page 1 of 2 www.docmagic.com <br /> .x. <br /> -: } BANK_023981908 <br /> FMRDER 1408071958 <br />
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