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<br /> � RIDER TO MORTGAGE/DECD OF TItUST-YA �
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<br /> 7'fiis rider supplements and amends the mc�rtgageldeed of trust of even date herevrith by `
<br /> , and between Calumbus F�dera� Savings Banfc as mortgagee/beneficiary and '
<br /> WENDELL G Bt1RRIS AND RUBY J BURRIS Hl{SBAND ANO WFFE
<br /> as mortgagvrs grantors. This rider Is incorporated in and by �
<br /> reference made a part of the afaresaid mortgage/deed of trust, as follows:
<br /> �Trrr.s loan is immediateiy due and payable upon transfer of the property
<br /> s�ur�ng scscfi loan to any transferee. Unless ti�e acc�eptability of the ,
<br /> , assumption af tfie loan is established pursuant to 5ection 1811A of Chapter
<br /> ��, Titte 38, Unit�d �taTes Code.
<br /> � A fee er�ual to one-half of 1 peccent of the balance of this loan as of the ,
<br /> � � date of transfer of the property shall be payable at the time of transfer .
<br /> Qf the property to Colurrtbus Federal Savings Bank ar its authorized agent, �
<br /> � � trustee for the Administrator of V�t��rans Affairs. If the assumer fails �
<br /> �. �t� pay this fee at the time of �t-�^sfer, the fee shal! constitute an
<br /> � additianat ��bt ia �2:�at atready �sL���r�d by this instrument, shall bear � .
<br /> interest a� th� r��� herein provid�� and, at the option of Cmfi�urbu�
<br /> �!. � Federal Savings ��r.,�; her�by secure� � any transferee th«�eof, a�a"� '�e.
<br /> „ � immediatety due �r^�� payable. This fee is automaticatIl� ��a.iti�e� :u ai���
<br /> . assumer is exempt under the provisions of 38 U. S. C. 18�9N(��. , :��'_>,:;,.
<br /> Upon apr:��ation for approval to altow ass�.=mption of this loan, •a ``
<br /> ;�rr��cessing fee ma;c be charged by Cai�r�:bas Federal Sa4�i�^�s Bank or its , �
<br /> ��.�:�.�riz,ed agent f�� �etermining the zr��itworthiness cf tf,,e assumer and
<br /> suc�equently revisi�o ownership recc��'� when �,n approved transfer is �:i;'S�"`
<br /> completsd. The amount o# this charge shall c:�t exceed the m�arimum '`:,-„r;-
<br /> es�ablished by the �t�terans' Adminas:r_ation for a loan to which Section ';``
<br /> i y�17A of Chapter 3�, Title 38, Unite� w�ates Code applies� •---
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<br /> ` lf thts obligation is assumed, then the assumer h�r.pby agre�s to ass�rr,� all y:::':°�--
<br /> i of the cb�;;�tions of the Veteran under the t�rns of the instruments
<br /> _ ' cre.�ting a�.�° securing the loan, includis��; the o�.:gation r�f the Veteran to
<br /> ; i1:�y��r.nif�,� the VE'7h'.'ans' Administratian., to the exter� �ef any claim . �
<br /> ' �a��nent 3c�sing from the guaranty �r insurance of t'r.2 indebt�dness .
<br /> • created :•v �:�is instrument. ';
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<br /> � IN WI�':'�F��S�S 1VHEREOF, MOf�7'�AGOFtS/GP;./=.1WTORS HAVEq��P�;ECJTED THI5 £�Ir.�.ER • �
<br /> � THIS � DAY OF e ruary � 19 . :.._
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