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<br /> . THE TITLE "SECFIFTAAY OF V�EE�S AFFAIRS� SHlt�L 8E SUHS`iITUTED FOR THAT QF "pDMINISTRATtIR . - -
<br /> � � , �Q,F.VET�RAHS A�FAIRSs EACN TIME THAT IT APPEi�RS IN THIS DOCUMENT PEIASUANT TO THE PROVISIONS .` • �� . �
<br /> � � �F SECTIOM 2,;Pt�6.�L. NQ. 100-527., 1�IE DEPAATMENT OF VE�fRANS AFFAIRS ACT. ° . � .
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<br /> ` - VAtCAHNO • LEH tOANNO •
<br /> �''` � ' 115-839 L 25505 ' VA • � `
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<br /> :� � , . , � - . � . . . 9a- 0�38� � �
<br /> , ` . � VA `HQME LOAN ASSUMPTION RIDER ..
<br /> � � TO DEED OF TRUST / MI�RTG�IGE . � � �
<br /> � This VA Losn Assumptian Rider is made this. 30th day of Jul�►, 1990 � ,
<br /> � a�amends the pravisions o€the Dad of Trust f Mortgage,(the'�Security Instrument')of the same date, �
<br /> , ` , , � bYa�dtxtwee�► ,James E. Ja�kson,, an unmarried person , �
<br /> ,` ; � _ - ' p the Trustors/MortBaSors,and . ' •
<br /> • The Equiteble Bualdi.ng and Laan Associatian � �'��ttefsciaay/Mortgagee,as follows: �
<br /> j • � Grand Island. Nebraska, � • , '
<br /> ' �1dds the foUowing provision�: � `
<br /> � THI� �OA►�t IS NOT ASSUMABL�:�VTTHOUT THE� � . .
<br /> � APPROVAL OF THE VETERANS ADMINLSTRATI�N ��
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<br /> ITS AUTHORIZED AGEN'I'. � . �
<br /> � ' This toan i�immediately due and payable upon transfer of the propercy securing such loan to.any transferee,
<br /> _ � uriless the acceptabiliry of ti�e assumption af the laan is establishal pur�uant to sectiori 1817A af chapter 37.
<br /> ' title 38,Unitod States Code. � �
<br /> � � � A. I�'t�lf�Fee.A fee equal to one-half of I percent of the batance af this�loan as of the da�e of ' �
<br /> . �i . n�ansfcr of the property shaU be payable at the cime of transfer to the loan holder or its authos'rud �_
<br /> , agent,as tnista for the Administrator of Veterans Affairs. If the assumer fails to pay this fa at �.� ,
<br /> � the time of transfcr,the fee shall canstitutc an additional debt to that already secured by this in- + x�
<br /> strument,shall bear interest at the rate herein provided.and,at the option of the payee of c�e in- , -
<br /> � � � debtodness hereby secured or any transfer�ther�f,shall be immediately due and payable."Fhcs -
<br /> � � , fa is automaticaliy waivcd if ths assumer is exempt under the provisions oi 38 U.S.C. 1829(b). � . _"
<br /> � 8. Pe+ocada=Cha�e. Upon application for apptoval ta altow assumption of this toan,a pracessing �
<br /> �i . Pa ntay be chatged by the toan holder or its authoriud agent for detenmining the credttarvvQrthi- '
<br /> , aess of the assumer and svbsequentty revising the holder's ownershi��ecorQs when an appr�ed �;
<br /> transfer is completed.The amount of this charge shall not exceed the rnaximum established by the
<br /> � . Veterans'Administration for a toan to which sectian 18f7A of Chapter 37. titte 38.United States
<br /> . Code apDUes.
<br /> � C. IRde��ity L�abiNty. "lf this abligation is assunted,then the assumer hereby agrees ta assuctte�ft
<br /> of the obligations of the veteran under the ttrms of the instrumcnts creating and secvrir.a�he
<br /> loan,inciuding the obligation af the veteran to indemnify the Veterarts'Asfministration to the ex- .
<br /> tent of any claim payment arising from the guaranty or insurance of the indebtcdness created by
<br /> , this inst�ument." �. ;� �
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<br /> 1N WITNESS WN�REb�. Trustar/Mortp��,gnr has executed this VA �,van Assumption Rider. _
<br /> Signature of Trustor(s)f Mort�agurls) � � �
<br /> _. ," . f r� � f ,���'•�' ._ _ . .
<br /> � .! es E. Jackson J ' T �
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<br /> � �l�9F�'�bitd 484t� - - }: .. -, - - . -. :.,��,,,l�;: _- --�„.... . ' .
<br /> r�~ . :t.B�iS�Ut?'# � :a t Stl.�s 359 Z6A!
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