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• T y � �07386 CASE ��: LAP343460148845 LOAN ��: 1107292 T'HIS VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER is made this 20th day of J u 1 y , 19 9 9 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Deed to Secure Debt(herein "Security Instrument") dated of even date herewith,given by the undersigned(herein "Bonower")to secure Borrower's Note to COUNTRYWIDE HOME LOANS. INC. (herein "Lender")and covering the Property described in the Security Instrument and located at 10487 W CAPITAL AVE, WOOD RIVER, NE 68883- [Property Address] VA GUARANTEED LOAN COVENANT: In addition to the covenants and agreements made in the Security Instr�ment,Borrower and Lender further covenant and agree as follows: If the indebtedness secured hereby be guaranteed or inswed under Tide 38, United States Code, such Tide and Regulations issued thereunder and in effect on the date hereof shall govern the rights, duties and liabilities of Bonower and Lender. Any provisions of the Security Inslrument or other instruments executed in connection with said indebtedness which aze inconsistent with said Tide or Regulations, including, but not limited to, the provision for payment of any sum in connection with prepayment of the secured indebtedness and the provision that the Lender may accelerate payment of the secured indebtedness pursuant to Covenant 17 of the Security Inslrument, aze hereby amended or negated to the extent necessary to conform such instruments to said Title or Regulations. LAT'E CHARGE: At L.ender's option,Borrower will pay a"late chazge" not exceeding four per centum(4%)of the overdue payment when paid more than fifteen(15)days after the due date thereof to cover the extra expense involved in handling delinquent payments, but such "late chazge" shall not be payable out of the proceeds of any sale made to satisfy the indebtedness secured hereby, unless such proceeds aze sufficient to discharge the entire indebtedness and all proper costs and expenses secured hereby. 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 Tide 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 acrion as by law provided. ��538U(9705).01 CHL(09/97) Page 2 of 4 Initial��