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<br /> . -. . . �- - � ` RIALR��0 lI�RTGAGEJDBEIt QF TRUS�-VA � ' ' � ` � , ,-
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<br /> � — _' -auai siocs IIY(l�iCRY�.A aacas aaucuua r.uc.�tl–�giig��E�d, 0Y-ti�l}St .O� �VHIi ��t�- - -- . _
<br /> � ' ` � _ here�H.�h bp T'tic Overl,and National Bank of Giana-��;and a.e murtgagee/beneficlary � , � � _ � ._.�
<br /> �� � � � end Gregor�! L. Houa�log and Cynihia�J. `Houselog, husband-and raife ' , � ' ` ` � � '
<br /> . :. ! " , ' ts aartgagars/grantors. Th�s rider ts ic�corporated fn and by. seferettce a��e a•,� , � • � . ��
<br /> . � part af th� ��fcreisid tioxtgage/deed of trust, a�e folloas: ' . ' � • . . , �
<br /> .: . F - , 'Th3s .laan�fs 1a�edfately due and paqable'upoit transfer-of th� � ` ,. �
<br /> , ' ,, pzogtrtp eecusi�g auch loan to any tranefere�. Unleas the " � � � �`
<br /> • � acceptabiiitq of t� assuttption of, Lhe 2oan is established � , . . .
<br /> �� - purauant��to Section 1817A o� Chagter 37,�Title�38, Ififted States , .
<br /> Cade. . � . � ' � �
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<br /> ,' _ �� , A fee equal to an�-hal�f of l percene of the balaace of.. this loan , . �
<br /> ---_ • as 6f the date af transfer of the progerey s�aa�I be pagable at : . . � � '
<br /> '��=1 - the tiae of transfer of� thc property to The tTFerland hational � , , •
<br /> Bank of Grand Isiaa�. or its autboriaec��ageat, as trustee for the � � �
<br />, . Adain3strator o€ �'e¢etans Affairs. Lf the assumer fei�:s to pay � � .
<br /> �•. �-�'�� � • thfs.fee at the tfms�of trans�er. the fee sha�l coasti�u�e gn � � � �
<br /> ! . ad�it�onal debt to that already secured by this instrument, shall
<br /> • bear interest at Che r�te herein provlded, and�, at ,the.option nf � �,
<br /> � The Overland llatio�l Bank of Grand ieland hereby secaced or any
<br /> , � � traneferee thereof, shall be ina�ediately due and payahl.e. This
<br /> , . fe� is automatically waived if ti�e assumer is exempt under the
<br /> proviaione of 38 U.S.C. 1829 (B). � � � ,
<br /> . �
<br /> � Upon applfcation for approval to allow assumptiot� af this loan, a . ;�
<br /> � � pxocessing fee map be charged by The Overland National Sank o� � � �.
<br /> ,.�
<br /> ' � Grand Island or ite authorized agent for determining the credit- � , � -
<br /> Worthinesa of the aeaumer and �ubsequently revising awner9hip . � �'j��_-
<br /> secorde when �n appra�ved tranafer is completed. The nnount �f
<br /> this ch�rge aha12 nat exceed the maximum establifihed byr Che � .
<br /> ' Veterans' Administration Cor a loan to t�hich 5ectian 1.617A of ��
<br /> ' � Chapter 37� Tit1� �6, United Statea Code �ppl.ies. ' -
<br /> I£ this obligation i� assumed, then the a.ssumer hereby a�rees to
<br /> ' assume a11 of the obligatians of t�e Veteran under the terma of ,
<br /> the iast�rumentg creatinK nnd Recurin� tt�e loan, includin�, ti►e � ,
<br />. � obligat�an of the Veterr�n ta indemnify the Veter.�ns' AdminiFtration
<br /> to the extent nf An}r cl�im pnyment arieinq f rom ttie �;uara�ity or �
<br /> � insurance of the indebt�dner�: created by thi� insttument.
<br /> IN WITNESS WHEREOP, MORTGAGOE�SJCRANTORS HAVF, r:xrcu•rrn TIIIS RIUF.R TEIIS
<br /> : 15tfi nAY UF AuRuFt_ . 19 90 � �'
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