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89102888
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89102888
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Last modified
10/20/2011 2:06:21 AM
Creation date
10/20/2005 9:37:19 PM
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DEEDS
Inst Number
89102888
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RIDER TO MORTGAGE /DEED OF TRUST -VA 89-- 102888 <br />This rider supplements and amends the mortgage /deed of trust of even date herewith by <br />and between Columbus Federal Savings Bank as mortgagee /beneficiary and <br />ROBERT J NIEMANN AND JUDITH G NIEMANN HUSBAND AND WIFE <br />as reference made a part of the a oroesa d morttgage /deedTofi trust, ras is inco <br />follow orated in .and by <br />This loan is immediittely due and payable upon transfer of the property <br />securing such loan to any transferee. Unless the acceptability of the <br />assumption of the loan is established pursuant to Section 1817A of Chapter <br />37, Title 38, United States Code. <br />A fee equal to one -half of I percent of the balance of this loan as of the <br />date of transfer of the property shall be payable at the time of transfer <br />of the property to Columbus Federal Savings Bank or its authorized agent, <br />as trustee for the Administrator of Veterans Affairs. if the assumer fails <br />to pay this fee at the time of transfer, the fee shall constitute an <br />additional debt to that already secured by this instrument, shall bear <br />interest at the rate herein provided, and, at -the option of Columbus <br />Federal Savings Bank hereby secured or any transferee thereof, shall be <br />immediately due and payable. This fee is automatically .waived if the <br />assumer is exempt under the provisions of 38 U. S. C. 1829(8). <br />Upon application for. approval to allow assumption of this loan, a <br />processing fee may bo charged by Columbus Federal Savings Bank or its <br />authorized agent for determining the creditworthiness of the assumer and <br />subsequently revising ownership records when an approved transfer is <br />completed. The ?_^.ae:spt .^.f ,his c ;a; gt' Jiid11 not exceed the maximum <br />established by the Veterans' Administration for a loan to wF�ach Section <br />1817A of charter 37, Titic 38, United States Code applies. <br />If this obligation is assumed, then the assumer hereby agrees to assume all <br />of the obligations of the Veteran under the terrps of the instruments <br />creating anal' securing the loan, including the obligationt of the Veteran to <br />indemnify the Veterans' Administration to the ,-extent of any claim <br />payment arising from the guaranty or insurance of the indebtedness <br />created by this instrument. <br />IN WITNESS WHEREO F, M- ORTGAQORS /GRANTORS, HAVE EXECUTED.. THIS RIDER <br />THIS 2ND DAY OF JUPIR tggg . <br />Signed Sealed and Delivered in the Presence of <br />Ica[ L NUTAAY-SUW n1G.ga <br />RO11EgTf L. REED <br />�,,. 11 Casa Ey hiir X in <br />7 <br />i <br />Y <br />l � <br />
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