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1 <br />0 <br />10402 <br />RIDER TO MORTGAGE /nEm OF TRUST -VA <br />■ <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 /beneflciary and <br />as morzgagorsigranzors. i nis riser is incorpa <br />reference made a part of the aforesaid mortgage /deed of trust, as follows: <br />This loan is Immediately 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 1 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 .Bunk hereby secured or any transferee thereof, shall be <br />'Immediately, due and payable. This fee is automatically waived if the <br />assumer Is exempt 4i der the provisions of 38 U. S. C..-1829(B). £; <br />.Upon Appil ration for approval to allow assumption' of this loan, a <br />06cessing fee may be charged by Columbus Federal Sawings Bank or its <br />authorized agent for determining the creditworthiness of 'the assumer and <br />subr�cqucrtly rcvssing awncrship records :;shcn an approscd trans cr Is- <br />completed. The amount of this charge shall not exceed the rnaxlmum <br />established by the Veterans' Administration for a loan to which Section <br />1817A of Chapter 37, Title 38, United States Code applies.. <br />If this obligation is assumed, then the assumer hereby agree§ to assume all <br />of the obligations of the Veteran under the terms of the instruments <br />creating and securing the loan, including the obligation, of the Veteran to <br />,indemnify the Veterans' Administration to the extint' of any claim <br />payment arising from the guaranty or insurance of the indebtedness <br />created lei -this instrument. <br />IN 'WITNESS WHEREOF, MORTGAGORS /GP.ANTORS, HAVE EXECUTED THIS RIDER <br />THIS 31ST DAY OF JULY , 1989 . <br />%NACO W KAHLEH <br />GLENDA S K <br />Signed Sealed and Delivered in the Presence of <br />•:hi rL Ay1ASY 5'_,,a 1t <br />ROB RTA L. HEED <br />I�t Cor,�n. Eat► tyty 3D. t99t) <br />�'�'-1 <br />