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_ ��-�.�� . ,� '; VA�UA,RAN'I'EED LOt�i AND ASSUMPTIQilT p�LICY RIIDER ��= Lo�N No.1539218230 �OTTCE: �'�S Lt)��I IS NOT 1�SSUIVIA�3�.� VVITHOUT �� APPROVAI,, �F THE U�PAR'T�ViEN� OF ��'�E�NS AF��S �JR ��S ,AUT�-iQRIZEI) AGEI4�'�". � 1'HrS VA GZJAi�AIdTEEL�Y_,fJAN AND ASSUMPTtON POL.ICY RIDER is mac�e this I8th day of JanU�t�'y 1999 ,and is incozpor��ted into and s.s.�all be dxmcd:o amend and svpplement the Morcgage, Deed of Taust or Deed to Secure D�bt (herzin 'Securiry Instrument`) datcd of even date herewith, given t�y t�ne undersigred(herein "Borrower')tq secvre gorrmwer's Note to COLUf�6►JS FEDERAL SAYINGS BAPdK � ' (hercin "I.ender") ' � and covering the Property described in the Secur.ty Inscrumene and tocate�at '�� '�' 2601 PaORTN SYCAMORE STREET,GRAND ISLANL�,NE 688d1-25b5 .i (Pmperty Address) � VA CUA�ANTEEll LCAN COVENANT: In addition to the covenants and agrxments made in the Security .� Ins!rurnent, I3orrow;,r and I.ender further covanant and agree as follows: ` 3f the indebte{iness securect her.eby oe guar«nteed or irsured under Title 38, United States Code, such Title and '�` Regulations issued thereunder and in effect on the date hereef s?:xIt gevern the rights, duties znd liabilities of BarrQk�er and Lenrlcr. Any pr�visia�s�f the Security Iastrum.eat cr ather instrun-�e.^.ts ezecuted in connectian with said ;�:.d�btedr,ess e��tich are inconsistent with said �'ide or Regulations, including, but not limited to, the provisinn for payment of any sum in connection�vith propayment of the secured indebtedness and the provision that the I.ender may accelerate payrnen; of the secured i�debtedness pursuant to Covenant 17 of the Security �� Instrume�t, are hereby amendcd or neg3ied to the extent necessary to confcrm such instruments ro said Title or $ Regulat�ass. LATE C�IARGE: At Let�der's option, Borrower will pay a 'late chasge" no�ezceeding four per c;entum(4W)of !!�e overdue payment when paid more than fifteen(15) days after the due date tttereof to cover the eztra ezpense involved in hanr�lin;;delinquent payments, but such "late chage" shall not be payabl�out of the proceeds of any sale made to satis#-� the indebtedness secured i�ereby, unl�s such praceeds are suffcient to discharge t5e entire indebtedness and al.proxr costs�nd ezpenses secured hereby. GUARANTY: Should the Bepartment of Veterans Affairs fail or refuse ro issue its guaranty in ful! amount within 60 �ays from the date that this l�an would normally become eligible for svch guaranty committed vpon by the Department of Vctera.-�s Affairs ur�der the pmvisions of Tide 38 of the U.S. Code "Veterans Benefits," the Mortgagee may declare the indebtedness bereby secured at once due and payable and may fore�lose immediately or may eiercise any other rights hec�under or ta;ce any other proper action as by law provided. � , TRANSFER OF THE �'ROFERTY: This loan mag+be declared immec9iateZy due a�d payable upon transfer af the property securing such loan to any transferee,tu►less the acceptabitity of the assum,�ti�n of the toan is established pursuant ta Section 37I4 of Chapter 37,Title 38, United States Code. An authorized transf r("assumption")oi L!e properiy shali also fbe subject to additional covenants and agreements as set forth below: (a) ASSUMPTION FUNnIVG FEF.: A fee eqaat to c.:�.-half of 1 percent(.50%)of the balance of this loan �.: as of the date oi transfer of the properiy;5<�li be payable at the time�f c�sfer to the loan holder or its authorized ;, agent, as trustee�'or the Departcient af Veteran,c A!'fairs. If the assamer f�iis:_:�ay this fce at the time of transfer, „ the fee shall constittite an additional debt to that already secured by this i�strument, �:`::�tl bear interest at the rate � t�erein provided, and,at the opti�n of the payee of the indebtedness hereby sccured or any tr:u,s�?�ee tflere�f, shall ` VA CiUARqNTEED LOAN/AHD ASSU�APTION POUCY RIDER (��5388 t9soa��it 1J95 VMP MORTGAGE cORMS-1800I521•J491 �I��I�� +I � ( P We t or 2 MW a/93 l�lUde:'Yt��_ �I��I��l�I��I��) !- f /, �'� 4 1