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- <br />t,i r117'C ..s.;:,:;,.; 4',.3 <br />. aCS �rt7. -rr:'. �: itis,7 .: r--- .». -.(`r F+Yr.Mm'l 'it�ar —.s�- _+c.; -r <br />r - t -_r�• sv n n.,FC -.. r: <br />- <br />-i <br />r��r <br />s >_:._ .a_v,1;,isa '7aS� ,, �-...V :. .� -� - r �. •'- -1iY :.- <br />_ <br />r - '�S(:�rs .i7C. 'F-r IR-- -�t�'. F.r�l�.a - <br />90- 106240 <br />Rider to Mortgage /Deed of Trust -VA <br />This rider supplements and amends the (Mortgage /Deed of Trust of even date here- <br />with by and between Home Federal Savings and Loan, 14;gir_cti3ti.on of Grand Island as <br />Mortgage /Beneficiary and Scott T. Laws and <br />Kathaline M. Laws ,.husband and wife, and -------------------------- <br />------- ---------- - - - --r a single person, and ------------------------------ - - - - -- • <br />a single person as mortgagors /Grantors, and this rider is incorporated in and by <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 <br />property securing such loan to any transferee. Unless the <br />acceptability of the assumption of the loan is established pur- <br />suant to section 1817A of Chapter 37, Title 38, United States <br />Code. <br />A fee equal to one -half of 1 percent of the balance of this loan <br />as of the date of transfer of the property shall be payable at <br />the time of transfer to Home Federal Savings and Loan Association <br />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 />Home Federal Savings and Loan Association of Grand Island hereby <br />secured or any transferee thereof, shall be immediately due and <br />payable. This fee is automatically waived if the assumer is exemat <br />under the provisions of 38 U.S.C. 1829(8). <br />Upon application for approval to allow assumption of this loam, <br />a processing fee may be charged by Home Federal Savings and Loan <br />Association of Grand Island or its authorized agent for deter- <br />mining the creditworthiness of the assumer and subsequently re- <br />vising ownership records when an approved L. drosrer IS ComPict @u. <br />The amount of this charge shall not exceed the maximum established <br />by the Veterans Administration for a loan to which section 1817A <br />of Chapter 37, Title 39, 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, Miortgagors /Grantors• have executed this rider this <br />31st Date of October + 1990 <br />The title "Secretary of Veterans Affairs" <br />shall be substituted for that of <br />"Administrator of Veterans Affairs" each <br />time that it appears in this document. <br />pursuant to the provisions of Section 2, <br />Pub. L. No. 100 -527, the Department of <br />Veterans Affairs Act. <br />Scott Ti Laws <br />IMaline M. Laws <br />f <br />i <br />1- <br />i . <br />t <br />I <br />'�i•rY:,� <br />r, <br />