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200104025 <br />VA ASSUMPTION POLICY RIDER <br />NOTICE: THIS LOAN IS NOT ASSUMABLE <br />WITHOUT THE APPROVAL OF THE DEPARTMENT <br />OF VETERANS AFFAIRS OR ITS AUTHORIZED <br />AGENT. Case ID: 34 -34 -6- 0152848 Loan #: 0022229389 <br />THIS ASSUMPTION POLICY RIDER is made this ist day of May , <br />2001 , and is incorporated into and shall be deemed to amend and supplement <br />the Mortgage, Deed of Trust, or Deed to Secure Debt ( "Instrument ") of the same date herewith, given by <br />the undersigned ( "Mortgagor ") to secure the Mortgagor's Note ( "Note ") of the same date to <br />WELLS FARGO HOME MORTGAGE,INC. <br />its successors <br />and assigns ( "Mortgagee ") and covering the Property described in the Instrument and located at: <br />4107 FAIDLEY AVENUE, GRAND ISLAND, NE 68803 <br />[Property Address] <br />Notwithstanding anything to the contrary set forth in the Instrument, Mortgagee and Mortgagor hereby <br />acknowledge and agree to the following: <br />TRANSFER OF THE PROPERTY: This loan may be declared immediately due and payable upon transfer <br />of 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 and <br />agreements as set forth below: <br />(a) ASSUMPTION FUNDING FEE: A fee equal to one -half of 1 percent (.50 %) of the balance of <br />this loan as of the date of transfer of the Property shall be payable at the time of transfer to the loan holder <br />or its authorized agent, as trustee for the Department of Veterans Affairs. If the assumer fails to pay this <br />fee at the time of transfer, the fee shall constitute an additional debt to that already secured by this <br />instrument, shall bear interest at the rate herein provided, and, at the option of the payee of the <br />indebtedness 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 />-529U (9705) 1/95 <br />Page 1 of 2 I nit ia Is: <br />, =F <br />VMP MORTGAGE FORMS - (800)521 -7291 <br />