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<br /> - ---- -- , This rider supplements end amends the I+'lortqage/Deed of Trust of even date here-
<br /> � -- - - - with by and between Home Federal Savinqs and Laan Association of Grand Ieland as �-
<br /> - - -- . Mortgage/8eneficiery and 3effrey D. Palu and
<br /> � Suzanne J. Palu . husband and wife, and
<br /> —++� , �c�,�qi�e�c�Ipo�m��xA�b�cxx .
<br /> ��_:� • a single person as P1ortgegors/Grantors, and thiss ride� is incorporeted in and by
<br /> l,�y reference made a part of the aforeseid plortgaqe/Deed of Truat. as followss
<br /> _. a�_--�- ._ ,... _.._
<br /> __�_ � This loan is imnediately due end peyable upon transfer of the
<br /> property securing such loan to any transferee. Unleas the
<br /> __���•�.��,� acceptebility of the assumption of the loan is established pur-
<br /> --- ���__?�� suant to section 181?A of Chapter 37, Title 36. Unitod States ----
<br /> -��,_�:_�:.� Code.
<br /> _ .�,�,,�.=;°
<br /> � - `^�"v A fee e ual to one-hal f of 1 -�-
<br /> _-_;r --�-,.,.� q percent of the balance of this loan
<br /> "-""��_::_�' as of th� date of transfer of the property shall be payable at
<br /> ,�;� the time uf trar.3f��r to +ome Federal Savings and Loan Assxiation
<br /> �-��� . . -�- of Grand Island or its authorized agent. As trustee for the
<br /> _•-�� �,� Administrator of Ueterans Affairs. If the assumer fails to pay
<br /> =���_�'�,'�.!�. this fee at the time of transfer, the fee shall constitute en
<br /> �=`;�.' �.` •��'"`" additionel debt to that already secured by this instrument, shell
<br />-_�;le '� 'A��; ` bear interest at the ra1:e herein provided. and. at the option of
<br /> ;,;�=r�,��.;�-:�`-. Iloma i"edeiaa Savings and Loan Association of Grand Island hereby - --
<br /> _�'f 'f, ,i�� secured or any transferee thereof, shall be immediatoly due and
<br /> -'„ '��`��;�' payable. This fee is automatically waived if the aeaumer is exempt
<br />:_9 R=. _ �,:.�� under the pravisions of 38 U.S.C. 7825(8). _
<br /> _ . .,,
<br /> Upon application for approval to ellow aasumption of this loan,
<br />_��. � ',,, �' � a processinq fea may be charged by Home Federal Savinqs and Loan
<br /> ~. "�:'" • Assxiatian of Grand Island or its authorized agent for deter-
<br /> ��� � � mining tF�e creditworthiness of the assumer and subsequently re-
<br /> �,,,�
<br /> ;:,�:''' v; visin ownership records when an e
<br /> g pproved transfer is completed.
<br /> �.�„ '�. '�' The amount of th is charge shall not exceed the maximum established �-
<br /> , �3•k .. by the Veterans Administration for a loan to which section 1817A =
<br /> �'y `� � of Chapter 37� Title 38� United States Code applies. —
<br /> �Y � t
<br /> . � -� °� �" If this obligatian fs assumed. then the assumer hereby agrees to
<br /> """�'� ' assume all of the obliyatfons of the ve�eran u�der the terms of __
<br /> �� t ���'" the instruments creating and securing the loan. inc].uding the ---
<br /> , . .Nti.. ,
<br /> ��;,��_.,w' q obligation of the vetera� to indemnify the Veterens Administration
<br /> ..', `: , to the axtent of any claim payment arising from the guaranty or
<br /> ;�t�•� : insurance of the fndebtedness created by this i�strument.
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<br /> ��" r � In wi��s�s whereof. I'�lortgagors/Grantors have executed this rider this �-'�
<br /> .�:.
<br /> , ���� � ;:.r�_"` Oete of September � 19 91. �,
<br /> �- � �4�
<br />� ' - The title "Secretary of Veterans Affairs" p, Palu
<br /> - • shall be substituted for that of �.
<br /> ` � "Administrator of Veterans Affairs" each
<br /> .� time that it appears in this document Suz e J. Palu � 5M�
<br /> � pursuant to the provisions of Sectian 2, � ��
<br /> . Pub. L. No. 100-527� the Department of ;
<br /> � , ,; Veterans Affeirs Act. L ,
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