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F 91603 -1 -30 103275 V� ASSOLMOM 0soUWI2F Ma • TSIS VA ASSUPTIN 13=11I UM IIDIR is rude th1s27tTWay of June _,1989 and is incorporated into and shall be deemad to arsnd and supplement the Mortgage, Deed of Trust.or Security Deed (the "Security Instrument ") of the save data given by the undersigned (the "Dorrover ") to secure the Dorrovsv's Note (the "Note ") to FIRST FEDERAL SAVINGS AND. kILAN ASSOCIATION OF LINCOLN(thr. "` uder ") of the 'same date and covering the property described in the Security Ins ;rumemt and located at,- 624 East Memorial Drive Grand Island Nebraska 68801 "property Address) 1. "This 1;i" is ismett"sly due and payable upon transfer of the property securing ± such loam ga.asy transfaree, unless the acceptability of the assumption of the loan isj aaeablisbaA pursuant to Sectio* 1017A of Chapter 37, Title 38, United States Code." 2. lusdlag !w "A fee equal to one -half of 1 percent of the balance of this loan as of the data of transfer of the property shall by payable at the tine of transfer to the loan holder or its authorised agent as trustee for the Sacrecary of Veterans Affairs. If the assumer falls. to pay this fee at the tams of transfer, the fee shall constitute an additional debt to that already secured by this lastro at. shall bear interest at the rate herein provided, and, at the option of the payee of the 1ndebtadness hereby secured or,any transferee thereof, shall be immediately due and payable. Tltia•fte is•automat !tally valved if the assumes is exampt under the provisions of 38 U.S. *.;1820 (b)." 3. Processing Charge "Upon application for approval to allow assumation of this loan, a processing fee nay be charged by the loan holder.or its authorised agent for determining the Credit- worthiness of the assurer and subsiw"ntly revising the holder's ownership records when an approved transfer is eodplefed. the amount of this- charge shall not *=*od the maximan established by the Veterans' Administration for a loan to which Section 1817A of Chapter 37, Title 38,Iffaited States Code applies." 4. Indemalty LL&bili "If this obligation is assumed, then the assurer hereby- agress,to..assure all. of- the obligations of the veteran under the term of the instruments creating and seeuilas' - Chi loan. including the obligation of the veteran to indemnify the veterans'' Adminis- ttation to the extent of any Claim .payment arising from the guaranty or insuraoea of the indebtedness created by this ipserusent." - - a Andrew T. Carlson' (DATE) aoRROWE ancy K: Carlson ,'. (DATE) >log own) DATE) SORROWIR) (DATO � r . J