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<br /> � 1,tlD�R TO MORTGAGE/I]Li.'��i� TItUS'i'-,�N � �
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<br /> • This rider suppiements and amenda tl�e mortgage/deed ot truat ot even date herewith by
<br /> --------- and betwee:n Cofumbus FederAl Savings llank as mort�agee/boneifciary and
<br /> -- a� mortgagors grantora. � s rF er s ncorporate n a� . y
<br /> re erence ma e a part ot the atoresaid inortgage/dced of truat, as iollaws: .
<br /> This loan Is immediately due aa�d payable upon transter ot the prope�ty '
<br /> securing auch loan to anY transteree. Unless tlie acceptabiilty o[ the
<br /> assumptton of the (oan is establlshed pursunnt to 5ectfon 18t7A ot Chapter
<br /> 37, Tftle 38� United States Code. ,
<br /> A fee�cqual to one-liali ot 1 perccnt o[ tl�c baluncc u( tliis loan as oi tl�c
<br /> date of transier of the property shaU be payabk at t��e tlme ot transier
<br /> � ot the property to Columbus Federal Savings UAnk wr ii� authorized agent,
<br /> ,;,;�� as trustee for the Administrator ot Veterans Aitai�s. If the assumer tails
<br /> �"�� to pay this tee at the tlme o[ transler, d�c fer shall constitute an
<br /> i_�;r�� additional debt to that aiready secured by this inst�ument, �Itall bear
<br /> �,��,;v,,���� lnterest at 'ta�e rate herein provided, at�d, at the option of Columbus _
<br /> . Federal Savings Bank hereby sec+�red or any trAnst�ree t4iere�ot, shall be .
<br /> fmmediately due and payable. This tec is automaticaily' 'wadved jt the
<br /> assumer is exempt under the provlsions ot 3H U. 5. C. 1829(b). :
<br />.- Upon appllcatfon for approv�►1 to allow asswnption ot this loan, a
<br /> �'ocessing iee may be charged by Colun►bus rederal Savings Bank or its
<br />- � auehorized agent fo� !d�'termining tlie creditwortiiiness ot ii�c a�s�mer and
<br />- "-'�'� subsequently revisi�� owne�ship records whe�� an approved tr�nstcr is
<br />�~'����(1J:;• -
<br />,: completed. The amoun! o[ this charge s1iaU not exceed the rnaximuui
<br /> ��,s�t;� establjsherD by� the Veterans' Administralion [or A 1�oan to whoch Section �
<br /> �� ��%':� 1817A oi Chapter 37� Title 38, United St�tcs Cudc �ppJics. , „
<br />::� If thfs obligation is assumed, then U�e ussuu�cn c�reby agrces to pssumc ali .
<br />�-�Z oi the obllgations ot the Vetc�an under tli� tcrmti ut the fnstruinents.
<br /> -- creating and securing the loai�, inc�ludinti ll��• obli�atiun oI the.Veterc�n to . _
<br /> �� � indemnity the Veterans' Administr�lion tu thc r�tcnt u[ uny c•lai+n _
<br /> ' payment arising Irom the �;uarunty ur insura��ri• uf thc i��dcbtech�cys -
<br /> � created by this i��strument.
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<br /> � IN WITNESS WF�EttEOl=, MOIt"I'G�c�v1iSIC�I2AN'1'ultti II�\'� CXL'•CUTCD TFI15 Itl�Cit
<br /> ;,,�:`� �`,5�:' THIS 9th UAY O� July . �`� 93•
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<br /> ,�y�!''r� .,Nf�A BL'PTt" 11 DBSAIRB
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<br /> ��x.;,1�,r,� � NOdERTA L REED
<br /> �'�Mt Camm.E�p.1W�30.1994
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