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. t• 89'- 101831 Rider to Mortgage /Deed of Trust -VA This rider supplements and amends the mortgage /Deed of Trust of even date here- with by and between Home Federal Savings and Loan Association of Grand Island as Mortgage /Beneficiary and Jerry L. Newman and Sandra L. Newman , husband and wife, and a single person,. ; and a si .,Le person as Mortgagors /Grantors .a; �d this "rider is incorporated innV and by reference made a part of the'aforesai,d:".. '�Nl#igadof,used of Trust, as:. slaws This. loan is immediately due and.- payable upon." : ,sfer� of`:,; he property securing such loan to'dny transferee: tinl2ss :'tfie acceptability of the assumption of ttt.'.loan is establiAb.0a. pur- suant to section 1817A of Chapter 377-' Title .38, United States Code. A fee equal to one -half of 1 percent of the balance of this loan as of the date of transfer of the property shall be payable at the time of transfer to Home Federal Savings and Loan Association,'.. of Grand Island or its authorized agent. As trustee for the Administrator of Veterans Affairs. If the assumer fails to pay this fee at the time of transfer, the fee shall constitute an additional debt to that already secured by this instrument, shall bear interest at the rate herein provided, and., at the option of Home Federal Savings and Loan Association of 3��d Island herel: ;j secured or any transferee thereof, shall be in-46iately due and • �- payable. This fee is automatically waived if`: {,ne assumer is exempt _ under the provisions cf 38 U.S.C. 1829(8).. ;• Upon application fo approval to allow assumption of this loan, *^ a processing fee may oe charged by Home Federal Savings and Loan Association of Grand rsland or its authorized agent for deter- mining the creditwcrti-;iness of the assumer and subsequently re- vising ownership records when an approved transfer is completed. The amount of this charge shall not exceed the maximum established by the Veterans Administration for a loan to which section 1817A of Chapter 37, Tit'e 38, United States Code applies. If this obligation is assumed, then the assumer hereby agrees to assume all of the obligations of the veteran under the terms of the instruments creating and securing the loan, including the obligation of the vateran to indemnify the Veterans Adri,nistration to the extent of any r_.3im payment arising from the gueranty or insurance of t+-e *':dp7tedness created by this instrument. `..: in witness whereof, (Roc +.g?rcr / r,- .STS have executed this ricer `.his 11th Date of r;.ril , 1 89 The title "Secretary of Veterans ry L. ew.iar. Affairs" shall be substituted fur -� r that of "Administrator of Veterans Affairs" each time that it appears Sandra L. Newman in this document pursuant to the provisions of section 2, Pub... L.. No. 100 -527, the Department of Veterans Affairs Act. h p„ .c