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<br /> �.��,',., .,•�; ,� . �'�e` VA ASSUMPTION INFORMATION RIDER e�
<br /> L��.y�sa,�l�.�'��; 7 � 1���.�i�
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<br /> ;.,�;,�,,;�,;,.,-.;,; ' . THIS VA ASSUMPTION INFORMATION RIDER is made this _ i2th �
<br /> " � . '°� day of Avrt l , 19 9t ', and �s incorporated into and
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<br /> . .. . ��.�,s�
<br /> ,.` w:�;�=��,o�,�.� - sha�l be eeme to amend and supplemeni tTi Mortgage, Deed oi T�ust or -
<br /> Y ��„�,",,,;,,,,;. Securit Deed (the "Security Instrument") o i t he same d a t e grven b y the
<br /> .,_`.;�,, � ,� undersig�ed (the "Borrowcr") to secure the Borrower's Note (the "Note") to °-,-��_�_
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<br /> ' COLUMBUS FEDERAI. SAVINGS BANK �thO �h•Y� �
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<br />.,., .... ��.;:. . . "l,ender") of the same date and covering the property described �n the S�cur�ty
<br /> :`:� Instrument a�d located ats �.
<br /> � �,� . � " GRANU ISLAI� NE 68801 -'-J1=" -
<br /> , .. 217 SOUTH KiP�ALL __�
<br /> ,._,; Property Address
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<br />�ad=!!�¢' � 1I'�,;�:;, . � 1. "This loan is �mmediately due and payable upen transier of the property ��:=
<br /> ' . ' . ' securing such loa� to a�y transferee� unless the acceptability of the assumptton � ` • _-
<br /> ' - �� of the loan is established pursuant to Sect�on 1817A oi Chapter 37, Titla 38� —
<br /> '} ;, United States Code." —__.
<br /> � ,. • . � 2. Funding Fe�e ' ���� -
<br /> - � "A fee equa9 to one-half of 1 percent of the balance oi this loan as of the ��• � � • -
<br /> ,1,�..i.1 ' date of t�ansier of the property shaU be payabl� at the time of transfer to the '' �°.�,' �
<br /> ',''� ' �' ` � loan holder or its authorized agent as t�ustee !or t�e Administrator oi �Dete�ans ., _.
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<br /> � +�;-� •�����.�t• . � Affairs. lf the assumer fails to pay tt�is fee at the time of transier, the tec v,� ,
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<br /> _,�t � tl,�'�,:-� shall constitute an additional debt to that already secu�ed by this instrument, �"4? r'�°■
<br /> , ; :,�T.,� shaU i�a� interssi at the rate hPrein pr�vided, and, at the opt;on oi the payee ot �_�..,�rf_._-�- __
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<br /> ' ''��'�� ' th� i��.l�eb��edness hereby secured or any transferee thereoi, shall be imrnediately
<br /> •',,i�,i � �' � �^� .' �_',
<br /> �,�t��,+'�r, due and payable. This fee is automattcally waaveci ii the assumer is exempt '• ��;_�_
<br /> . � ,1;�'��:,l;�i��l� under the pre��isions �f 38 W.S.C. 1829 (b)." �'�'�"--=`-:
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<br /> '�����.`"��;p�r vh��l�: 3. Processing Charge
<br /> � �" ., "Upon application for approval to allow assumption of this �oan� a �� �..s r __
<br /> • p�ocessing fee may be charged by the loan holder or its authorized agent for �* �-�,,,____
<br /> determining the creditworthiness of the assumer and subsequently revising the ,
<br /> , � ; holder's ownership records when an approved transfer is completed. The amount
<br /> � � of this char ge shall not exceed the maximum established by the Veterans'
<br /> •� ;�,� ° Administration for a loan to which Section 1817A of Chapter 37� Title 38, United � � _.__
<br /> � � States Code applies." -
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<br /> ,. , �, �'.-.{jil�R}sw ar• � .. .,.�-.. -
<br /> ; . `.?`,,•,'�:'°�:=' 4. Indemnity ILiabi�ity :�. _ ,,•-
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<br /> '•• ,.,. .,ti °If this obCigauon i� assumed, then the assumer hereby agrees to assume .'�,,,;,. �7,�
<br /> `'•,.•:•;., .
<br /> ��, ' " :�.., � " all oII the obligations of the veteran under the terms of the instruments creating � � ,,' ;��:,..:
<br /> '''. .;;�;;, � � and secunng the loan, i�cluding the obligat�on oi the veteran to indemnify the �:�
<br /> . � . �'�•;;��;�{{�c�;, Veter�ns' Administration to the extent of any cla�m payment aris�ng from the �. ,`�,,.,,:.._ �i_�...-�,
<br /> � �r��'�`''�:R�;,i�'i" guaranty or insurac�ce of the indebtedness created by this instrument. � :,, . .;,+ .,,r
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<br /> , ��t��eA MALL ISON �uR°I��t�E L MAi.L I SON '•j . ';
<br /> � . Aprll 12. t99t H�rj � �2, �991 .
<br /> � � Date Date ,.
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