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201603567 <br /> Rider VA Guaranteed Loan and <br /> Assumption Policy with Guaranty <br /> NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT <br /> THE APPROVAL OF THE DEPARTMENT OF VETERANS <br /> AFFAIRS OR ITS AUTHORIZED AGENT. <br /> THIS VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER is made this 7th day of June,2016, <br /> and is incorporated into and shall be deemed to amend and supplement the Mortgage,Deed of Trust <br /> or Deed to Secure Debt(herein "Security Instrument")dated of even date herewith, given by the <br /> undersigned(herein "Borrower")to secure Borrower's Note to Navy Federal Credit Union(herein <br /> "Lender")and covering the Property described in the Security Instrument and located at 12750 W <br /> ONE R ROAD, Cairo,NE 68824. [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 <br /> Title and Regulations issued thereunder and in effect on the date hereof shall govern the rights,duties <br /> and liabilities of Borrower and Lender.Any provisions of the Security Instrument or other instruments <br /> executed in connection with said indebtedness which are inconsistent with said Title or Regulations, <br /> including,but not limited to,the provision for payment of any sum in connection with prepayment <br /> of the secured indebtedness and the provision that the Lender may accelerate payment of the secured <br /> indebtedness pursuant to Covenant 18 of the Security Instrument,are hereby amended or negated to <br /> the extent necessary to conform such instruments to said Title or Regulations. <br /> Late Charge. At Lender's option,Borrower will pay a"late charge"not exceeding four per centum <br /> (4%)of the overdue payment when paid more than fifteen(15)days after the due date thereof to <br /> cover the extra expense involved in handling delinquent payments,but such"late charge" shall not be <br /> payable out of the proceeds of any sale made to satisfy the indebtedness secured hereby,unless such <br /> proceeds are sufficient to discharge the entire indebtedness and all proper costs and expenses secured <br /> hereby. <br /> Guaranty. Should the Department of Veterans Affairs fail or refuse to issue its guaranty in full <br /> amount within 60 days from the date that this loan would normally become eligible for such guaranty <br /> committed upon by the Department of Veterans Affairs under the provisions of Title 38 of the U.S. <br /> Code"Veterans Benefits",the Mortgagee may declare the indebtedness hereby secured at once due and <br /> payable and may foreclose immediately or may exercise any other rights hereunder or take any other <br /> proper action as by law provided. <br /> Transfer of the Property. This loan may be declared immediately due and payable upon transfer of <br /> the Property securing such loan to any transferee,unless the acceptability of the assumption of the loan <br /> is established pursuant to Section 3714 of Chapter 37, Title 38, United States Code. <br /> An authorized transfer("Assumption")of the Property shall also be subject to additional covenants <br /> and agreements as set forth below: <br /> 8025812226 <br /> Rider VA Guaranteed Loan and Assumption Policy with Guaranty-NE <br /> VMP® 08/2015 <br /> Wolters Kluwer Financial Services©2015 2016060615.2.2.3298-J20160224Y Page 1 of 2 <br />