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Rider to Mortgage /Deed of Trust -VA This rider supplements and amends the Ted .rtgage /Deed of Trust of even- date4vii.4 __. - - -- . • -- mat- +. c :al aLjjngc -and Loan_ Associatia� of Grand Y5ta1 * as Mortgage /Beneficiary and Eugene E. Frank and Yvonne R. Frwk , husband and wife, and a single person, and a single person as Mortgagors /Grantors, and this rider is incorporaitacf iir► and by reference made a part of the aforesaid Mortgage /Deed of Trust, as•follows: This loan is immediately due and payable upon transfer- `,of',the property securing such loan to any transferee* Unles$ 'tl a -. acceptability of the assumption of the loan is establistiod'pur- suant to section 1817A of Chapter 37, Title 38, United-'Stites Code. A fee equal to one -half of 1 percent of the balance of~ this loan as of the date a� °,. ;transfer of the property shall be*. tyable at the time of trat?st7er to Hare Federal Savings.2nd Gain Association of Grand Island or its auttmrized agent. A.s.•trustee for the Administrator of Veterans Affairs. If.the assumer fails to pay - this fee 'at the time of transfer,, the fee shall constitute an additional' debt tc.thalt already secured by this instrument, shall 'bear i t#est at the. rate herein prouided',, and, at the option of Home Fedoal Savings an, d :.GQan Associatiom cOl Grand Island hereby ; secureri. -t?r any transferee thereof, sha],1 be: irediately due..~ j__ `;payable:' This fre is automaticall. wazved if the assumer is. >emAt under the provisions of 38 U.S.C. .Upon application for approval to allow assumption of this loan, a processing fee may be charged by Home Federal Savings and Loan Poociation of Grand Island or iits.Outhorized agent for deter - i the creditworthiness of t"4ssumer and subsequently, re- V1 sing r.wnership records when an'.proved transfer is completed. The mount of this charge shall 'not exceed the maximum est�tnl:i.shed am :..by the Veterans Administration far,, a loan to which. section 1817A � Stat c5 Cade .pp.lw �..ue Ct- rc . l e&- 37 ► Ttcp.lt 31 p United .rt If this obligation is assumed, then the a�sutier hereby agrees to ':,,assume all of the obligations of.the vetet�h under the terms of -Aare instruments creating and securing the loan, including the r1iigation of the veteran to indemnify the Veterans Administration -to the extent of any claim payment arising:. from the guaranty or insurance of the indebtedpess created by.this instrument. In witness whereof, Mortgagors /Grantors have executed this rider this } 12th Date of Uctober . 19 89. The title "Secretary of Veterans Euge E. Frank Affairs" shall be substituted for that of "Administrator of Veterans Affairs" each time that it appears Yv ne R. Frank in this document pursuant to the provisions of Section 2, Pub. L No. 100 -527, the Department of Veterans Affairs Act. A --