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,RIDER TO �MtGAGE/DEED OF TRUST -VA <br />- This ` rider- suppleseenra and._antends_- the- mor"e/deed_ of trust of even date <br />herewith by The Overland. National Bank of Grand Island as= mortgagee /beneficiary : <br />`and Andrew: G. Baird, II and Susan:. C. Baird, husband and. wife . <br />eg vsortgagors /grantors:, This rider is incorporated in and by reference wade a <br />part, of thw aforesaid-Mortgage/deed. of trust, as follomrs: <br />This loam is immediately .due and payable upon transfer of .the <br />property securing such loan to any transferee. Unless the <br />acceptability of,the assumption of the loan is established <br />pursuant to Section 1817A of Chapterr 37, Tii e'38, United States <br />C•ad'e . <br />A fee equal to one -half of 1 percent of the balance of this loan <br />- - -. <br />as or mite. date of ransrer of the property shall fie payable At <br />the tine of transfer of the property to The Overland National <br />Bank of Grand Island or its authorized agent,, as-trustee for the <br />Administrator of Veterans Affairs. If the assumer fails to pay <br />this fee at the time of transfer, the fee shall constitute.an <br />additional debt to that already secured'by this instrument, shall: <br />bear interest at the rate herein provided, and, at the option of <br />TheAverland National Bank of Grand Island hereby secured or any <br />transferee'thereof, shall be immediately due"and payable. This <br />fee is automatically waived if the assume'r.is exempt under the <br />provisions of 38 U.S.C. 1829 (B). <br />Upon application for approval to allow assumption of this loan, a <br />processing fee may be charged by The Overland National Bank of <br />Grand Island or its authorized agent for determining the credit= <br />worthiness of the assumer and subsequently revising ownership <br />records when an'approved transfer is completed. The amount of <br />this charge shall not exceed the maximum established by the <br />Veterans' Administration for a loan to which Section 1817A of <br />Chapter 37, Title 38, United.States Code applies. <br />If this obligation is assumed, then the assumer hereby agrees to <br />assume all of the obligations of the'Veteran under the terms of <br />the instruments creating and securing the loan, including the <br />obligation of the Veteran to indemnify the Veterans''Administration <br />to the extent of any claim payment arising from the guaranty or <br />insurance of the indebtedness created by this instrument. <br />IN WITNESS WHEREOF, MORTGAGORS /GRANTORS HAVE EXECUTED-THIS RIDER THIS <br />6th DAY OF September 19 90 <br />Andre G. Baird, /II <br />l , nee _ �i YYl 1 idi` <br />