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<br /> � WA GUA,ItAP1T�ED I.OAN�ASSUM�'Y'YOI+1 F�I.IICY�tII)�;flt � �.,
<br /> Loa�v No.�0-1637 �
<br /> NOTICE: 'TIIYS L(�A1�1 IS l�t�'Y' A3�Y�I�AA�L.� �T�T�OtI'� - � .,.
<br /> T k�I E A P P I t O`1'A L. O� TH� DEP�TI�ENT �F �IETE1�l�S
<br /> _.�- �_� �F�A�It3 Oit I'TS AUT�IORIZIED AGE�1T.
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<br /> � THIS VA CiUARANTEBD LOAN AND ASSi1MPTION POLICYt RIDER ls made this 12th dny of ,
<br /> � March , 1999 ,and{s incorporated lato and shall be dexmed to amend nnd supgleraent the
<br /> Mortgage. Dced of Truat or Deed to Secure l�ebt (herein "Secur�tY Inst�ent")dateci of even date hcrewith, _�.
<br /> $t�ven by the undersigned(k�erein'Borrawer')to secure Sorrower's Note to .�
<br /> Ma3or Mortgage (herein"Lender•) '
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<br /> and covering the Property described In tha Sect�riry�nstn►ment and lormetl at •
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<br /> ��:
<br /> - 418 W 13th,Grand I51and,EdE 68801 '''�
<br /> (PmPo�tY AOdceu) _
<br /> f� 'Vp C3UARANTEED IAAN COVBNANT: In addition to the covenaz►ts and agreements made in the Securiry .
<br /> ` � Inatrument,Aoaower aad Lendet fiirther covenant and agree as followa: -
<br /> � ,,y` If the indebtedness secured hereby be guaranteed or iasunesl under Title 38, United States Code,such Title and ,
<br /> .. • Regulations issued thereunder and in effect on the dute �ereof shall govern the ri8hts� duties and liabilides of •
<br /> Borrower end Lender. Aay gmvietut�s of thB SecurltY In-s4�ux�ent or other iastruments executed in conaection with �
<br /> including but not lisnited to� the �`,.:'`�
<br /> said ittdebtedness which are incoaslstent v�th said T3ale or I�egulntEona, . ,,�
<br />;s',, ' . . pmvisioa for puyment of any sum�n cotulectiob w'�th P�payment of ths secunEd indebtedaess and the pmviaton 1�;'�
<br /> - � tliat the L.ender may accelerate payment of the secured Indebtedaess pursuant to Covenaut 17 of the Se�urlty
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<br /> Insavment. are hereby amended or aegated to the eatent aeces.sary to conform such insuumente w said Title or __.
<br /> _ � ` Rc�ulnilcrAb. -.:. :_
<br /> ' LATB CHAR(iE: At Lender's opdon,Bosr�wer wi11 pay n"late charge"not exceedin;four per centum(4ib)of �- _
<br /> � * the overdue payment when paid more thun fiffteen(IS)days after the due dnte thereaf to cover the extra expense ,.r.=
<br /> �:t,.;�,.
<br /> involved in handling delinquent paymeats,but such"late charge"shall not be payable out of the proceeds of any ,,.
<br /> sale made to sadaf�the indebtedness sesuraGi hereby. unlesa such proceeds are sufficient to discharge tho entire ���;,>„
<br /> „ indebtedness acd all pmper costs and eapenses secured hereby. �-_
<br /> � GUAItANTY:Should the�epartment of Veterana Affaiss fail or rett�se to issue ita guaranty in fu11 an►ount within �:-
<br /> �' '��:;���` 6p days from the dute that this loan would narmnlly become eligible for such guaraary com�itted upon by the -_.
<br /> • � �' Departnaent of Veterans Affairs under the pmvlsions of Tide 3� of the U.S. Cade "Veterssns �enefits," the �_-�_
<br /> ,� � "'"'t'' Mort�agee may detlare the indebtedaess hereby secured at once due aad payuble aud may foreclose ir�unediately �„__
<br />�f' , . ;;�. : or may exerclse any other rfghts hereunder or take Any other proper acdon es by lav►provided. -_
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<br />- "'�'�t� 1'RANSFER OF THB PROPERTY:'Chia loaa muy be declarod immecU+�tc�Y due aad payable upon tranafer of the
<br /> 1.�.t:'.�'_��'"��--%, property securIng such loaa to any trensferee.unless the accePtability of the assumption of the loan is establishe@
<br />-•:�-:=�����• �i pursuant to Section 3714 of Chunter 37.TItle 3�,United States Code.
<br />-'"""�'"""�'�" 'i. pn authoxLzed transfer("assumpdan")of the pmperty shall also be aubject to additional covenants and agre�;ments
<br />_.. ... .�� .. . as set foith below: _
<br /> '' "� ` ''}�� � �a� cs� t��'tt0 F A1�1N4�:A fee e9un1 Qo one•half of 1 percenc(•S��bJ of the baleace of this lo.ron
<br /> :���'i''' -� ns of che date of uansfer of the prol�ert3►eball be Fayable at 26c time of transfer co the toan holder or ite autborize�l ---
<br /> �=��.;.... .. agent.as truatee for the Department of Veterans Affairs. If ihe essumer faila ta pay this fes uc the time of twnsfer. a-_--
<br /> g,_�,r��Y�'.:r. b��pro�v}de�il�r�ind�a�thedop�ion of the payee oftheindebted�n s hereby secured�or any transferee theareaf sh�ll
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<br />� � ` ,�','�� � VA DUQRANTEED LOAN AND ASSUMPTION POLiCY RIDER
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