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Prepared by: First Federal Lincoln V A H O M E L O A N R I D E R 0130155776 2000" i 852 THIS VA HOME LOAN RIDER is made this ..20th day of ......September.......,. .... 000 , and is incorporated into and shall be deemed to amend and supplement a Mortgage, Deed of Trust or Deed to Secure Debt (herein "security instrument ") dated of even date herewith, given by the undersigned (herein "Borrower ") to secure Borrower's Note to FIRST FEDERAL LINCOLN BANK (herein "Lender ") and covering the Property described in the security instrument and located at 815 SOUTH SYCAMORE STREET GRAND ISLAND, NEBRASKA 68801 (Property Address) In addition to the covenants and agreements made in the security instrument, Borrower, and Lender further covenant and agree as follows: As the indebtedness secured hereby is to be guaranteed or insured under Chapter 37 of Title 38, United States Code, such Title and Regulations issued and in effect on the date hereof shall govern the rights, duties and liabilities of Borrower and Lender. Any provisions of the security instrument which are inconsistent with said Title or Regulations, including, but not limited to, the provision for payment of any sum in connection with prepayment of the secured indebtedness, are hereby amended or negated to the extent necessary to conform such instruments to said Title or Regulations. NEW SECTION 3714 OF TITLE AND REGULATIONS This loan is immediately due and payable upon transfer of the property securing such loan to any transferee, unless the acceptability of the assumption of the loan is established pursuant to Section 3714 of Chapter 37, 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 the loan holder or its authorized agent, as trustee for the Secretary 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 the payee of the indebtedness hereby secured or any transferee thereof, shall be immediately due and payable. This fee is automatically waived if the assumer is exempt under the provisions of 38 U.S.C. 3729(c). Upon application for approval to allow assumption of this loan, a processing fee may be charged by the loan holder or its authorized agent for determining the creditworthiness of the assumer and subsequently revising the holder's 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 3714 of Chapter 37, Title 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 veteran to indemnify the Veterans Administration to the extent of any claim payment arising from the guaranty or insurance of the indebtedness created by this instrument. IN THE EVENT THAT THIS LOAN IS DETERMINED TO BE INELIGIBLE FOR LOAN GUARANTY BY THE DEPARTMENT OF VETERANS AFFAIRS, THE ENTIRE LOAN MAY BE DEEMED DUE AND PAYABLE AT THE OPTION OF THE MORTGAGEE. IN WITNESS WHEREOF, Borrower has executed this VA Guaranteed Loan Rider. VA HOME LOAN RIDER -- Single Family FNMA/FHLMC Uniform Instrument Form VAA.irm 7/96