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<br /> � � TNE TITLE "SECRETARY �F lIETERANS.AF�AIRS" SHALL BE SUBSI'I'fUT£D FOR TFIAT Q� "A�MINISTRATOR . �
<br /> OF lIETERANS A�FAIR�" EACH TIME TfiAT IY APPEaRS IN THIS DOCUMENT PUFiSUA[�i7 70 THE PH4VISYOf�S
<br /> -- _- -. Of SECTION �.;Pi�l.-L. �: 3i3f�-�27. ���-CzE'fiE;TM€!'JT ilF 1.�E7F.RANS A�EAIRS .ACT. ����V V _ `
<br /> . - � . � �- � , 94-� � . , �.
<br /> , ' YA lOAN NO. LENOERS IO�D!HO .
<br /> ` �� � _ . . 215 4� t 25,441�A :
<br /> � . � � - °
<br /> . _ �
<br /> � , , � VA I�4ME L�Ai�t ASSUMPTION RIDER �
<br /> - �+p I)F.ED OF TRUST / M4RTGAGE : � .
<br /> ,`.�.. . , ' , This�YA Lan-Asswaption R�der is made'this 25th day of May. 1990 . .
<br /> � � . �ad ame�da th�e provisions of the Dad of T�ust/Mortgage,(the"SecurIty Insirumtnt")of the same date,
<br /> '� ` � � ' ' � . by stnd iktween Bo���. Hugh Wast anr��ry Eeora West� each in his art¢ �:�,�.�..own right, and .,
<br /> ;.� 4 :. , ` as spouse of each t���x,, . . < .;::.:,:: _ . '
<br /> . � , . < , . . ,theTs�st��is�f�;�gagots.aad .
<br /> � . � The Equitam�."8ui�cf��g and Loan Assa��tian; ?,,:;`:.� � TheBenef�y/Mortgaga.asf�3ovK$:� _ -
<br /> ' �Gr�� Islend`; Nebras�ca � .� '
<br /> . �• . � Adda thc€Altowin�provision's: _...•_ ,. . . � .
<br /> � - 1"�IIS LOAN .IS NQT ASSiTMABLE VYIT�OUT.THE
<br /> : � : � � APPROVAL OF THE � � S ADIV�INI5'�`R�►TIaN �R�
<br /> 1T9 AU�4RiZ�D �►GEN'I`. � � �
<br /> This loan�s immediuely due and payable upon transfer of the propesty socuring such laa�e�any tru�.�'eree. �� .
<br /> unkss the aoceptability of the assumption af thcic�act:us estabiished pursuant to SectiQC� 68'�'A of��r,e� 37+ "
<br /> title 38.Uaited States Code. � ��
<br /> q, F��s�t+e. A fa equal tfl ons-�alf of { perr.ent of the bataitce of th�s taaxa�as of the date of
<br /> transfer of the property shall be Qayable at the time of trancfer to the toan hel+c�r ar its authorixed
<br /> " a�nt,a4 trustee far the Administrator of Yeterans Affairs, tf the assumer faits to pay thi.s fer at �
<br /> the time of transfer,the fa shaU tansNtute an additional debt to�hat already secur�d by[his in- � -�
<br /> strumerii.shall bear interest at clhe rate herein provideQ.and.at the o�tion of the payee of the in-
<br /> debtedne�.s htreby secured ar.�rn•trnnsferer thercof.sh�lt bc immtdiatety dt:�and payabtt.This � �
<br /> fa is automatically waivec,l if t:�assumer is�xempt �^ u t�e pr�isions of 38 CT.S.C. 1829(b)•
<br /> , g. pto�qs�CMr�t.U�n�t�l:tiation for�oval to altow assum�zian of shis Ioan.a gcc�stssing �._
<br /> fa may be chArged'by the luau i�alder or its authorized agent for dc�termining the creditQr��+orthi- ` �:—
<br /> ness of tht assumer and subse��xcntly revising thc holder's av�netship records when an apyroved ����
<br /> transftr is compteted.The amo�:nt of this charge shall not exceed ttie maximum estahlished by the
<br /> Yeterans'Administration for a[oan to which section 1817A ot Cf�a�ter 37.titIr 38.Unitec!States
<br /> . • Code applies.
<br /> � G, 1�de�ity 1J�bW1y.•'if this obiigation is assumed.thcn the assumc� hcreby�a�qrees to�ti�umt all ;
<br /> of the obligations of the veteran under the terms of thr instruments creatin{�:and sccuring the
<br /> . ' ,. � laan.including thc abtigation�f the veteran to indemnify the Veterans'Ad�izxi�traEio�t to the ex-
<br /> , , . tent o�any claim payment arising fram�hc guaranty csr insutanre of'the indrt�ttdness cr�ated by ,��-
<br /> this instrument. ' . ���:
<br /> IN WITNE5�WH�R�OF. Teustat/M11nrt�agor h��cxeeuted this�'A i oan As4uinptic�n [tider. � � �
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<br /> Si�turc of Ttustat�s)! Mortgaztorisi •
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