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201701172
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Last modified
7/28/2017 2:11:09 PM
Creation date
2/23/2017 9:24:19 AM
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201701172
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� 2� 17� 1172 <br /> � , <br /> I.nstrument or t�ie Note conflicts with App�icable Law, suc��conflict shall not affec�other provisions af�h�s Secur.ity � <br /> Instruil�ent or the Note which can be g�v��a�ffect without t��e conflicting provision. <br /> �s used in this SeCurit}��ns�rutnent: �a}vvord's of the mascul�ne gender sha]1 mean and include corresponding <br /> �a�uter wards or vuords of the femini���g�r�der; �b}vwords in tl�e singu]ar s��a�l mean and include the p�ura�a�d�ice <br /> �ersa; arid�c}the vwa.rd "may" �i�es s�le discr�tion�rithou�any����gatian�o take any action. <br /> �6. Borrower's�ap��. Borr-owert-sha�l be gi�en one�opy af�he Note and of�h�s Security �nstrument. <br /> � �7. Transfer of the�roper�y;Acceleratian;Assumpti�n. This Inan ma��be dec�ared immediately due and <br /> payable upon transfer of th� property securing such loan to any transferee, unless the acceptabi�it� of the <br /> assuroption of the loan is established pursuant to Section 3714 of�hapter 37,Title 38,ilni�ed Sfa�es�ode. The � <br /> acceptabiiity of any assumption shal�also be sub,�ect t��h�fol�owing addi�ional provis�ons: <br />. �a) Funding Fee: A fee equal to one-half�f 1 percent of the balance of this loan as af the date . <br /> of transfer of fhe property shall be payah�e a��he time af transfer tn the loan hoider or its authoria:ed <br /> - , agen#, as�rustee far tihe Departm�nt of Veterans Affa�rs. If the assumer fails ta pay this fee at fhe <br /> � t�me of transfer,the fee shail�anstitu�e an addifional debt t�that already serured b�this instrumen�, <br /> shall �ear interesf at the rafe herein prot�ded, and a�the opfion of the paye� vf the �ndebtedness <br /> hereby secured or any transferee thereof, shall be immediately duQ and payable. This fee is <br /> automafica��y wai�ed if the assurner�s exempt under�he pro�v�isions o�'3$U.S.C. 3729(c}. <br /> (b� Processing Charge: Upon app�ication far appro�al �o allaw assumption of thi5 loan, a <br /> pra�essing fee may be charged b,y the loan h��der or �ts autharized agent for determining the <br /> �reditworthiness af�he assumer and subsequen�ly r��ising the holder's ownershi�records��hen an <br /> appro►�ed transfer is campleted. The amount of Ehis charge shall not ex�eed �he maximum <br /> estahlished by the Department of�eterans Affairs far a�oan fo whi�h Sec�ion 3714 of Chapter 37, � <br /> Title 3$, Unit�d Sta�es C�de applies. <br /> tc} �ndemnity Liabilit� Assumption: lf�h�s obli�atian is assumed, then th�assumer hQre�b�� . <br /> agre�s to assume all of the obliga�ions of the�eteran under�he t�rms tif�he instruments�reating and <br /> se�uring�he�oan. The assumer further agrees to indemn�fy the Departmen�of�eterans Affa�rs�o <br /> � the ex�en�of any claim paym�nt arising from the gua�ant��or insurance of the�ndebtedness crea�ed , <br /> by this instrument. � <br /> �f�he acceptability af fhe assumption of this laan �s not esfablished for any reason, and Lender exercises <br /> ifs option�o declare all sums secured b� this Security�nstrument�mmediate��due and payable, Lender sha[1 <br /> . gi�e Sorrower nofiice of accelerat�on. The not�c�shal�pro�ide a period of not less�han 3U days fron� the date <br /> fh@ I]OtICE lS given in a���rdan�e with Section .l4 w��hin which Barrov�rer mus� pay ai� sums secured b��th;s <br /> Secur�ty Instrument. Tf Borrawer fails �o pay these sums pr.�or to th��xpiration af this perivd, Lender may <br /> � in�oke any remedies permitted by this Security Insfrum�nt vr��hout further nati�e or demand on Borrawer. <br /> 18. Borrow�r's Right#a Reinstate After Acce�erahon. If B�rrower meets certain c�nditions, Barravver sha�1 <br /> �aave the right to have�nfarcemen�of this Security�rls�rurnent discantinued at any time priar to the�arliest of �a} <br /> fi�e days before sale of the P�opert�pursuant to any po�v�r of sale contained�n this Security Instrument; (b) such <br /> oth�r period as A►ppli�able La�►rnig���specify for��he terminatio�l af Borrovver's right�a reinstate; or�c} entry of a <br /> �udgment�nforcing this Security Instrum�nt. Those�ond�tions are that Borrovver: (a}pays Lender all surns vvh�ch <br /> then�vould�e due under this Securi�y Instrument and the Note as if na acc�leration had occurred;�b}cures any default , <br /> o.f.any other ca�enants or agreements;�c�pays all expenses incur.red�n�nfarcing this Secu�•ity Ins�rum�nt, inc]uding, <br /> but not limited�o, reasonable attora�eys' fees, praperty inspection and Waluatian fees, and�ther fees incurred far the <br /> purpose of protecting Lender's interest ii�th�Property and rig���s under�his Securii}��ns�rument; and�d}ta�Ces su�h <br /> action as Le��dear may reasonabl�reyuire to assure that Lender's interest in the PrQperty and rights ur�der this Secur�ty <br /> lnstrument, and Borrow�r's vbli�ati�n to pay�he sums securedby,t���s Secur�fy I�astrumen�, shal��an�it�ue unchanged. <br /> Lender�nay reyuire�hat BorrovWer pay such reinstatement sums and expenses in ane or more af�he fallowing forms, <br /> a�selected by Lender: �a}cash;�b}money order;�c}certifie�ch�ck,bank check,�reasurer's check ar cashier's check, <br /> pro�ide�any such check xs drawn upan an institutiQn whose de,posits are irisured by.a federal ag�ncy,ins�rumenta�ity <br /> o.r enti�y;or�d}Ele�t�•onic Funds Transfer. Upon reins#a�ement by Borrower,fhis Security Instrument and obligations <br /> z <br /> NEBRr45KA Single�Family-�NIFDRM INSTRUMFJVT ' DocA�f�g1c <br /> , MQD�FIQ]F�R DEPARTMENT�F VETFF�ANS AFFAIRS - MERS , www.doCmagi�.com <br /> tRev. �1�1} Page �D of 14 <br /> � <br /> � <br /> . <br /> _ � <br />
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