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f- I 1 MOUND f. Nod,195 RIDER TO MORTGAGE /DEED OF TRUST -VA 89,wo as This rider supplements and amends the mortgage /deed of trust of even date herewith by and between Columbus Federal Savings Bank as mortggagee /beneficlary and A ERT J NIEKMM AM JMITH G NIEMANN HUSSO Ml . AND WIFE as mortgagorslgrantors. i nxs rider is uworpc reference made a part o the aforesaid mortgage /deed of trust, as follows: This loan is immediately due and payable upon, transfer of the property sbcuring such loan to any transferee. Unless the acceptability. of the assumption of the lout is established pursuant to Section .1917A of' Chapter 37, Title 38, United States .Cade. A fee equal to one -l*lf of ' t, percent of the balance of this loan as of the -date of transfer of .the property shall be payable at the time of transfer of, the property to Columbus Federal Savings Bank or its iiutharized agent, trustee for the Administrator of Veterans Affairs. If the assurner fails to pay this fee at the time of transfer, the, .lee 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 CoXu nbus 1~ederal Savings Bank hereby..secured or any transferee thereof, ;:sk I be immediately due and payable. • This fee is automatically waived if, the assumer Is exempt under the provisions of 38 U. S. C. 1829(8). Upon application for approval to allow assumption of this loan, a processing fee may be charged by Cclumbus Federal Savings Bank or its authorized agent for determining the creditworthiness of the assumer and r^:'icin°�, ownershi�n, r. —rdc when an .approved transfer. ire_ ..... completed. The amount of this charge shall not exceed the maximum established by the. Veterans' Administration for a loan to which Section I S PA of Chptr i7 Title United States Code applies. T If this obligation is assumedr:then the assumer hereby agrees to assume all of the obllgations 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 inskarue of the indebtedness created by this instrument. IN WITNESS WHEREOF, MORTGAGORS /GRANTORS HAVE THIS 2N0 DAY OF JUNE , 1989 EXECUTED THIS RIMER Signed Sealed and Delivered in the Presence of Mt NGiM�r San M IIAr ItO�[111A L. Rtt0 or " CAM F* " *4-4 ut t- { t