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201500327
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Last modified
7/20/2017 10:35:32 PM
Creation date
1/15/2015 11:42:35 AM
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DEEDS
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201500327
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� . � 201500327 <br /> shail bear interest at the rate herein provided, and at the option of the payee of the indebtedness <br /> � � hereby secured or any transferee thereof, shall be immediately due and payable. This fee is <br /> automatically waived if the assumer is exempt under the provisions of 38 U.S.C. 3729(c). <br /> (b) Processing Charge: Upon application for approval to allow assumption of this loan, a <br /> processing fee may be charged by the loan holder or its authorized agent for determining the <br /> creditworthiuess of the assumer and subsequently revising the holder's ownership records when an <br /> approved transfer is completed. The amount of this charge shall not exceed the magimum <br /> established by the Department of Veterans Affairs for a loan to which Secfion 3714 of Chapter 37, <br /> Title 38, United States Code applies. <br /> (c) Indemnity Liability Assumption: If this obligation is assumed, then the assumer hereby <br /> agrees to assume all of the obligations of the veteran under the terms of the instruments creating and <br /> securing the loan. The assumer further agrees to indemnify the Department of Veterans Affairs to <br /> the extent of any claim payment arising from the guaranfy or insurance of the indebtedness created <br /> by this instrument. <br /> If the acceptability of the assumption of this loan is not established for any reason, and Lender exercises <br /> its option to declare all sums secured by this Securify Instrument immediately due and payable, Lender shall <br /> give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date <br /> the notice is given in accordance with Secfion 14 within which Borrower must pay all sums secured by this <br /> Security Instrument If Borrower fails to pay these sums prior to the expiration of this period, Lender may <br /> invoke any remedies permitted by this Security Instrument without further nofice or demand on Borrower. <br /> 18. Borrower's Right to Reinstate After Accelerafion. If Borrower meets certain conditions, Borrower sha11 <br /> ha�e the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of (a) <br /> five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such <br /> other period as Applicable Law might specify for the terminarion of Borrower's right to reinstate; or(c)entry of a <br /> judgment enforcing this Security Instrument. Those conditions are that Borrower: (a)pays Lender all sums which <br /> then would be due under this Security Instrument and the Note as if no acceleration had occurred;(b)cures any default <br /> of any other covenants or aa eements;(c)pays all expenses incurred in enforcing this Security Instrument, including, <br /> but not limited to, reasonable attorneys' fees,property inspection and valuation fees, and other fees incurred for the <br /> purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and(d}takes such <br /> action as Lender may reasonably require to assure that Lender's interest in the Property and ri�hts under this Security <br /> Instrument, and Bonower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. <br /> Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, <br /> as selected by Lender: (a)cash;(b)money order;(c)certified check,bank check,ireasurer's check or cashier's check, <br /> provided any such check is drawn upon an institution whose deposits are insured by a federal agency,instrumentality <br /> or entity;or(d)Electronic Funds Transfer. Upon reinstatement by Borrower,this SecuriTy Instrument and obiigations <br /> secured hereby shall remain fully effective as if no acceleration had occurred. However,this right to reinstate shall <br /> not apply in the case of acceleration under Section 17. <br /> 19. Sale of Note; Change of Loan Servicer;Notice of Grievance. 'The Note or a partial interest in the Note <br /> (to�ether with this Security Instrument)can be sold one or more times without prior notice to Borrower. A sale might <br /> result in a chan�e in the entity (known as the "Loan Servicer")that collects Periodic Payments due under the Note <br /> and this Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security <br /> Instrument, and Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale <br /> of the Note. If there is a change of the Loan Servicer,Borrower will be given written notice of the change which wiil <br /> state the name and address of the new Loan Servicer, the address to which payments should be made and any other <br /> information RESPA requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter <br /> the Loan is serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations <br /> to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed <br /> by the Note purchaser uniess otherwise provided by the Note purchaser. <br /> NEBRASKA—Single Family—UNIFORM INSTRUMENT DocMagfc r�o , i� <br /> MODIFIm FOR DEPARTMENT OF VEI'ERANS AFFAIRS www.docmagic.com <br /> (REV. 1/09) Page 10 af 14 <br />
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