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<br /> � LN � 230501186 VA C:UARANTEED L�AN RIDER •
<br /> � 114080 (For use with FNMA/FHlMC uniform instruments for g�� �Q����
<br /> Veterans Adrriinisttatian guaranteed laans) ,
<br /> t �
<br /> � THlS VA fUARRNTEED lQAS�i RIDER is made ti�is y� aay a� �,��}} ,
<br /> 19�_, artd is incurporate�i into and shall be deemed to amend and sup4lernent a lNaRgage,Qeed
<br /> of Trust or Deed to Secure Oebt(herein "Securiiy InstrumenY')datsd of.even date herew�th,given by th� •
<br /> � undersig�ed(herein"Borro�wer")tosecure Borrower's P1ote to OCC�QE!►1TAL NEBRASKA SAVtNGS Bli�lK.F.S.B..(herein �
<br /> "Lender'�and covering the Property described in the securiry insirument and located at:
<br /> �ona�rrn�r-�^���LER-���, 6�*�'�-��b��TAi�' e��A�
<br /> (Praperty Address) •
<br /> _ VA Gt1�4RANTEEO LOAN CaVEN�1NT. In addition to the covenants and agreements made in the security �
<br /> , instrumeni, Borrower and Lender funher covenant and agree as follows: ' �
<br /> If the irtdebtedness secured hereby be gua�anteed or insured under Tiile 3$, United States Code,such :
<br /> . Titte and Regulations issued thereurtder and ir�efEect on the date Rereof shall govern th�rig�ts,dufias and
<br /> �' tiabilities of Bprrowec ar�Lender.Any provisions of the security instrument or other instruments executed
<br /> in connection with s�id indebtedness which are inconsistent vrith said Titie ar Regulations, including, but '
<br /> not limited to.the proviSian for payment o1 any sum in connection with Frepayment of the sr�cured indebtedness
<br /> and the provision that ttt�:Lender may accelerate payment of the secure�indebtedness pursuant t�Covenant
<br /> 17 of the security instrurr:ent, are hereby amersded or negated to tEte exte�t nacessary to contarrn such
<br /> � instruments to said Titte or Regu!ations. . _
<br /> Borrower and Lender further agrea to the foll�wirtg agr¢Ement and covenants as required by Public Law . �
<br /> 10�-19$:
<br /> �
<br /> _:.�
<br /> 1. Acceleration Clause: This loan is immed�atety due and paya5°��pon transfer of the property securin�. :
<br /> such loan to any transfesso, unless the acceptwbility of the assum�tian of the loan is established purs�ant �
<br />_ to section 1817A of �tsaptsr 37, Titte 38, United States Code.
<br /> 2. Fundin9 Fee: A fee equal to o�a-half ot 1 percent ot the balance of this toan as of the date of trar.ster,. , � -
<br /> ot the property shall foe payable at the time of transfer to the�oan holder or its authorized a�Pnt, a,g trustee � ;,;�
<br /> tor the Admiraistrator at beterans Affairs. If the assumer fails to pay this fee at ihe time of transter,the�tee °
<br /> shall constitute an add+ti�nal debt to that a!re�.ctg secured by this instrument, shatl bear interpst at the rate
<br /> � herein provided,and,at the option pf the payee of the indebtedness hereby secured or any transferee ihar�of, '
<br /> � shall be immediately due and payabte.This fee is automaticalty waived it the assumer is exempt under the i
<br /> provisions of 38 U.S.0 1829(b). '
<br /> �`
<br /> 3. Processing Charg,e: Upor,application for approval to altow assumption o1 this loan, a processing feo
<br /> may be charged by the loan hofder or its authorized agent for determining the creditworthiness of the assumer � �•+
<br /> _ and subsequeMly revi�ing the holder's ownership records when an approved transter is cGmplc�ted. The
<br /> amount of this charge sl�all not exceed the maximum establi�hed by the 4'eterans'Administration for a loan
<br /> to which section 18t7A af Chapter 37, Title 3a, United States Code applies.
<br /> - � 4.Indemnity Liability: If this obligs�tian is assumed,then the assumer hereby agrees to 2SS�,tm�.alt oi the
<br /> . obligations of the veteran urtder the terms of the inst�uments creating and securing the!��n. including the
<br /> obligation o}the�eteran to indemnity tho Veterans Adra9inistratian to the extent qf any claim��ymvnt arising
<br /> � from the gaaranty or insurance ot the indebtedness croated by,this.ir,strumont.,,,
<br /> ' �y signing belaw, 8o�rower accepts and agrees to the terms and covenants con4ained in this VA
<br /> GUpf�iANTEED LOAN RtOEH. '
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