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,are d• . j {r :dot r• VA tAW N(L lAlUl trot 118848 VA HOME LOAN ASSUMPTION RIDER 90-- 10G$95 TO DEED OF TRUST / MORTGAGE This VA Lon Assumption Rider is made this 29th day of Noyambe _1990 and amends the provisions of the Dead of Trust / Mortgage, phe "Security Instnarnent") of the acme date, by and between §jMn R. Lemburo and Dana L LemburD husband and wife the Tntstors I Mortgages, and Nongo,•t BapkNabrasw National Associattion The Swalichi y / Mortgagee, as follows: Adds ff1a talawirtg F01116I0013: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL. OF THE U.S. DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. This ben is Innine istely due and payable upon transfer of the property securing such loan to any transferee, unless the acceptability of the assumption of the loan is sstablished pursuant to section 1817A of chapter 37, We 38, United SWas Code. A. Funding Fee. A fee equal to one-half of 1 percent of the balance of this ban as of the date of transfer of the property shall be payable at the dine of transfer to the ban holder or its authorized agent, as trustee for the Secretary of Veterans Marra. If the assumer tats to pay tills fee at the tins of transfer, the few shall constitute an additional debt to that already seared by this inshumerd, sha"e bear interest at the rate twreb pravided, and, at the option of be payee of the indebtedness hereby secured or any transferee thereof, shall be immediately due and payable. This fee -is aulomaliraly waked lf the assumer Is exempt under the provisions of 38 U.S.C. 1831(b). B. Processing Chwge. Upon application 1,: approval to tallow assumption of this ban, a processing fee may be charged by the loan holder or 113 auti 01128d agent for determining the creditworthiness of the a33uml► and subsequently, revising the holders ownership records when an approved transfer is completed. The amount of this chary shelf not exceed the maximum established by the U.S. Department of Veterans Affairs for a loan • to wtrbh section 1817A of chapter 37, title 38, United States Code applies. C. Indemnity Liability. "if this obspation is assumed. then the assurner hereby agrees to assume all of the obligations of the veteran under the terms of the Instruments creating and securing the loan, including the obligation of the veteran to Indemnity the U.S. Department of Veterans Affairs to the extent of any claim payment arising from the guaranty or Insurance of the indebtedness created by this Instrument ". IN WRNESS VW*REOF, Trlrstor/Mortgagor has executed this VA loan Assumption Rider. 8gnature of Tfustor(s) / Morigagor(s) 7 ' tevon Lemburg Dana L Lemburg ,r STATE OF No. COUNTY OF Hall ss. Ga (hu 29th ay of NovoemWr A.Q. %'meleen Hundred and Nins+ty__ before me, a Notary Public In and for 1•lall County. State of NO. peroonaly, appeared Steven R Lenora rye and Dana L Lemburg husband and wiw to me known to be the person(s) named and who executed the foregoing instrument and aclviowtedgev lnat they executed the same as their volunavy act and deed. My commission ewires �,� �;iAAY•Shti of h,ttuk� MAKGANF.T M DILLON e mar Mr Comm. EaP lWr Z. t992 f / �(r / •� �A/ ,( I ' i ✓ ✓✓ VVV�Gt.%' Noutry gbuc 71,14 rid avid County P4134.CTI (08190) P(OW) U(01120) 91100"