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8'1. 103075 I- VA ASSUMPTION POLICY RIDER NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE VETERANS ADMINISTRATION OR ITS AUTHORIZED AGENT, THIS ASSUMPTION POLICY RIDER is made this 16TH day of JUNE '1989 and is incorporated into and shall be deemed to amend and supplement, the Mortgage, Deed of Trust, or Deed to Secure Debt ( "Instrument") of the same date herewith, given by the undersigned ViVortgagor ") to secure the Mortgagor's Note ( "Note ") of the same date to NORWEST BANK NEBRASKA, NATIONAL ASSOCIATION ( "Mortgagee "). and covering the property described in the Instrument and located at: its successors and assigns 2315 WEST OKLAHOMA, GRAND ISLAND, NEBRASKA 68803 (Property Address) Notwithstanding anything to the contrary set forth in the Instrument, Mortgagee and Mortgagor hereby acknowledges and agrt�a to the following: GUARANTY. Shautd the Veterans Administration fail or refuse to issue its guaranty .in. full. amQUnt within 60 days from the dAte that this loan would normalty become eligible for such guaranty commit,W& AkM by the Veterans Administration under the provisions of Title 38 of the U.S. Code "Veterans Benefits ", the ZViortgagec may declare rite indebtedness he' reby secured at once due and payable and may foreclose immediately or may exerdse any other rights hereunder or take any other proper action as by- law provided. TRANSFER OF THE PROPERTY: If all or any part of the -Fca loan shall -he itnrhr i r y due °314 L�_ - !?�Y or any interest in it is sold or transfer this- transferee i+pun iransrerIt;=`�Stimption ") of -the property securing such loan to any transferee (" assumer''). unless the acceptability of the assumption and transfer of this town is established by the Veterans Adru i tration or its authorized agent pursuant to section 1817A of Chapter 37, Title 38, United States Code. An authorized transfer ( "assumption ") of the property shall also be subject to additional Cavonants and agreements as set forth below: (ab ASSUMPTION NDING FEE• A fee equal to one -half of I percent (.509%) of the uripaid principal balance of -this loan as of the date of transfer of the property shall be payable at the time of transfsr.to tine mortgagee or its authorized agent. as trustee for the Administrator of Veterans Affairs. If the a Of t r fails tst time of transfer, the fee shall constitute an additional debt to that already secured by this instru' d ent.' silt ire erest at the rate herein provided, and, at the option of the mortgagee of the indebtedness hereby' sc ured.or an transferee thereof, shall be immediately due and payable. This fee is automatically waived if the assumes is exexrpt under the provisions-of 38 U.S.C. 1829 (b). (b) ASSUMPTION PROCE9ING CHARGE Upon applicatiap for approval to 111104 Assumption and transfer of this loan, a procI fee maybe charged by the mortgagee_ er its. authorized agent for deterrtsiriing the creditworthiness of the assumer and. T} bsequently revising the holder's ownership regards when an approved transfer is completed. The amount of this change shall not exceed the maximum estabrAed by- the Veterans Administration for a loan to which section 1817A of Chapter 37, Title 38. United States Code applies: (c) ASSUMPTION INDEMNITY r IAB LITY If this obligati -nis assumed, then the assurner hereby agrees to assume aU of the obligations of the veteran under the terms of the instk=ents creating and securing the la the obligation of the'veteran to indemnify the Veterans Administration to the extent of'apy,eiai:iti p_i'nient arising from the guaranty or insurance of the indebtedness created by this instrument.. IN WITNESS WHEREOF, Nlortgagor(s) has executed this Assumption Policy Rider. (Seal) �� - �� v Mortgagor GERALD D. HATT (Seal) Mortgagor (Seal) Mortgagor ®w 526 nwa, Wee MOnTG4 GE i OiLNS • 17f3t293 8700 • t800>521 729t — (Seal) Mortgagor 0 7 -`i 4 �i