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202303550 VA Case No.: 34-34-6-0253499 VA ASSUMPTION POLICY RIDER NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. THIS ASSUMPTION POLICY RIDER is made this 13th day of July, 2023, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, Security Deed, Trust Indenture or Deed to Secure Debt ("Instrument") of the same date herewith, given by the undersigned ("Mortgagor") to secure ("Mortgagor") to secure Mortgagor's Note ("Note") of the same date to Wintrust Mortgage, A Division of Barrington Bank and Trust Co., N.A. its successors and assigns ("Mortgagee") and covering the property described in the Instrument and located at: 1612 ZOLA COURT, GRAND ISLAND, NE 68803 (Property Address) Notwithstanding anything to the contrary set forth in the Instrument, Mortgagee and Mortgagor hereby acknowledges and agrees to the following: GUARANTY: Should the Department of Veterans Affairs fail or refuse to issue its guaranty in full amount within 60 days from the date that this loan would normally become eligible for such guaranty committed upon by the Department of Veterans Affairs under the provisions of Title 38 of the U.S. Code "Veterans Benefits", the Mortgagee may declare the indebtedness hereby secured at once due and payable and may foreclose immediately or may exercise any other rights hereunder or take any other proper action as by law provided. TRANSFER OF THE PROPERTY: This loan may be declared immediately due and payable upon transfer of the property securing such loan to any transferee, unless the acceptability of the assumption of the loan is established pursuant to 38 U.SC. 3714. An authorized transfer ("assumption") of the property shall also be subject to additional covenants and agreements as set forth below: (a) Funding Fee Clause. A fee equal to one-half of one percent of the balance of this loan as of the date of transfer of the property shall be payable at the time of transfer to the loan holder or its authorized agent, as trustee for the VA. If the assumer fails to pay this fee at the time of transfer, the fee shall constitute an additional debt to that Multistate VA Assumption Policy Rider 11/2022 Page 1 of 2 Powered by Docu Prep Inc. 2023 ' 7 4758