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<br /> � 'b�.A. GUARAN��ED L�� AND AS�gRil�Ti�i� F����;:�ID�Fit � -
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<br />_ ' :�' � °` ' , ,t ���[�Ill�1��O�,I��!l,17�EESi9f7'O�IA V�V 1I1���1V�:r►o a� a _.
<br /> ' � c °: i.r THIS V.A.GUARANTEED LOAN AND ASSUMPTION POLICY RIDER is m�de th�s- Z�th day ,� �`�'--. -
<br /> � - •� � ` - -
<br /> ;' �e :� �::. oF QCtOber , 1993 .and�s incorporated inta aaal sballi�edeem�d tu amead sud supPtc�eent �
<br />- -� the Mortgage,Dead of Tn�st or Daed to Sec.vre Debt(herein•`Seauity Instn�meut")dated of ev�date h�vith. i,"`:;:=�,_=_-
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<br /> , . .. - given by the unQetsiSned.(herein "Bonower")to secure Bo�mwer's Note ta �� � � -.---
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<br /> ;� tij, •. Nonvest Mortgage; Inc. (�Exe�n"Lender•') ; :.;;.�-_- _
<br />�: �:.��,`., , . . aad covering the Propercy descri6ed in tAe SecurIry Insvumeat aad lacat�at �-'���
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<br /> : �n� : �� 1207 I�est Knenig Street, Grand Island, Nebraska fi880L ' "�y` � �
<br /> � _ h:�`l+St, �z. (p(ppGtty AddlUS) � ��,,,"_,�} ,..�5 rtvsS�_
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<br /> s; ;z;�,`±�i��.rw� `. V.A.GUARANTEED LOAN COVENANT:In addition co th�onv�easnts sud a�m�de�n the Security �` � _.a.��-�
<br /> • ��zaY ���°C�� �: 'Y� lartrumeat,Borrower and Lencter furcher coveaant sud agrce as follativs: .. . :. �-
<br /> � ;�,� �,�,�,�t , . 1f the inde6tednes4 secured hereby be guaranteai or�uader'ntte 3�,QaBaf�taEes Code.such Title • A 3 i�-
<br /> �r �_ �=���`�.�� .� and Reg�Iations issued ttaemunder and ia effect on the date hereof sh�ll govem thQ�ts,iluues and liabilities :r ,�.<<,�:,-;==
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<br /> _ �,���,�-�-:'� -: - of Borrower and ixnder.Any provisions o f t he Sec�uitlr.�a s a u m s nt ar a t t c�r��in oonneciion r _2�_
<br /> : �e4,. • with said indebtedaess whlch aze inconsistent with said'I111�ur Re�ulutions.iacluding,b�¢�limited to, �
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<br /> t h e p ro v�i a Q f o r p a y m e n t o f a n y s u m i n cannection wiih Pre p a y msnt�of•tka secured indeT��ess and the " ,..
<br /> : ���,� _ t• . . .�..,�.
<br /> ,'�` 't�`•: .�� .: :` �. ���<: provlsion thaz the Lender may aeceteraee gtayTnent of th�secroued imd�teda�pursuant to Ccn��ant 17 of ° . .
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<br /> , the Security►inswment,are hereby amend�d or as�a�ed to ttr�pttestt necessazy 4�conform sucI�e instniments ` .< °�,:r.;'�r:.
<br /> = E���;, ~; � to�aid Tttle or Regulations. ,. , - ��°� f
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<br /> • �a.-.�� ' LATE CNAR(iE:A!Lender's option.�ae�u�-ers��pay a`�lact�char�"nut�coeeding four pea o�tum t4°lo) �.:'t;;'.`:,f '.
<br /> t�� �, • �� ` ' of che overdue payment when paid more r��fteen pS�dmys afterth�dn�date thereof to a�a�ttie extra : �
<br /> .� � �' expensc invoh!ed in h�nndling delinquenE gay�ea*.s,but su�i"late cha.rg�"'shall not be pays�.out of the ��..: � ` ' �
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<br /> • ;�4. �'�� Froceeds of any sale made to saasfy the indebtedness.sec�re�t hsKe6y�u�1�s such proceeds�svfficient to �` i t �_
<br /> ` � .> °�`,,�,. discharge tae entire indebtedness attd all Proper costs au��expenses secured hereby.. � - -
<br /> ` GUARANTY:Should the Depanmeat of Yeterans Aff�s fa�.on refuse to issue ics ge�araaay ia�full amount � � �
<br /> y�`��' � � witHin 60 days from the date that this loan�+�ould norraal��b�aomt�eligible for such�^arauy eacamitted upoa ' � =�1'..'-
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<br /> ;.,;, , by the Department of Veterans Affairs u��.c the pravisio�ns�af�75tle 38 of the U.S_�ade"Yez�cans Benefits," `� "�"
<br /> '` " � the Mongagee may dectare the indebtedness hereby��sea�red at once due aad payable aiu#�may.foreclose ��: ��.=_
<br /> , i'_. ,;: . . at ` :
<br /> • -' .- =� . immediateiy or map exercise any other rights hereusd�or take any other proper action as by Iaw provlded. :; }•,:.�;��' ��`
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<br /> �� �• : � ' TRANSFER OF THE PROPERTY:If alt or an�pari�sfrlie Propertv or aay interest In it is sotd or transferred, � • � '_ :r:'
<br /> �' ;�s;., • � , this loan may be declared immediately dne aad pay�t6l�upon transfe��"assumption")of the�mperty securing '� ,, : . ���tc
<br /> . �;<, such loan to any traasferee(`•assnmer"),unless ttt�:�ecceptability a�rI��assnmption and tra�s�er raf ehis loaa � � ',�~;'
<br /> • • • is established by the Department of Veterans Affa6rs.or its authorized a;eat pursuant to Section 3714 of Chapter . � � '; •-
<br /> `� 5, " � 3T.Title 38�United States Code. ' � • -
<br /> , � . . . , .
<br /> ��� � � An authorized transfer ("assumption")of th�,property shaU also be seebjert tcr asiditional covenants and �
<br /> : • �. . .
<br /> "'3 �• � agreeraents as set forth below: ' -�
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<br /> 3 •� � ' • (a)ASSUMPTION FUNDING FEB:A feeequal to one-half of I ge�essc f-54�'0)of the unpaid principal .'.` � _ • -
<br /> ° . .-�,., • � balance of this loan as of the dace of transfer of.the propeny shall be payable�:che time of transfer to the ,.. .
<br /> � � ' ��� mortgagee or its authorized asent,as trustee for the Departmeat of Veteraris A�airs.If the assuraer fails to .
<br /> pay this fee at the time of transfer.the fee shall constitute an additional debc c�s u:'�at atready secured by cFais . � � �
<br /> � '� ��.� instnunent,shall bear interest at the rate hereln provided,and,at the�guon of the�ortgagee of the indebtedr:�s ,'' ' �
<br /> �.� : .. , . , . .
<br /> . ,;_ �. -, , hereby secured or any transferee thereof,si�,alt be immediately due ar.d payabte.'I'Eeis fee is automaticaUy�va,�ved .. ,,� .„
<br /> . .A � ,; .._:�� � , ' � ff the assumes is exempt under the prav�sions of 38 U.S.C. 3T29(6). . . . ��
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<br /> ����'� :��` " ��t•;�;ti;,:�,.•,. :� (b) �,SSUMP7ION PROCESSING CHARGE:fJaon application for apRras�l to allow assumpticr�� •.. .
<br /> � ��i.. ��•'��i?:�tr�;;,,:� • uansfer of this toan,a processing fee may be charged�S�the mortgagee or its autb.orized agent for determir.�g • .
<br /> '::..1, ;f. . � .•,.,r•.;;_ ,,,: �e��a�;ness of the assumer am�slDsequently revising the holder's ownership records when an approved • �
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<br />-.�e �'v�:� �: . ;:; transfer is completed.The atnourn af c��s charge shall not exceed the lesser of the maximti.m established by ' .
<br /> ��°�-'� ��'� the Deparcment of Veterans Affairs f�rr a ioan to which Section 3714 of Chapter 37,Title��.E3nIted States
<br /> ?,`,� . �'''�,`"'" Code applies or any maximum prescrzned by applicable State law.
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<br /> ,,, , (c) U O D t L B1Li • If this obligatioa is assum�,then the assumer hereby
<br /> - agrees to asswne I of the obligations of the veteran under the terrt�s of the instrumeau creating and securirrg •
<br /> i;?; `�� the 1oan,including thc obUgation of the veteran to indemnify the Qepanment of Veterans Affairs to the extent . �
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<br />_r,;�;; z<�:: ; .� ;., , of any claim payment arisins from the guaranty or insurance of th��ndebtedness created b�this instrument. E �
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<br /> .>�; � ' '_'`}_, . ;_ IN WI'1'NESS WH£REOf,Bono�ver(s)has a►ecuted this V.A.Guarantt�ed Laan and Assutnptioa Po13cy REder. t
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<br />_��t^ '�;"�;,.�k:'' •• -eortoaer Wl' �dill $. Hun� rnver ' . �• � �
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<br />`;. � ^ ,*�:.. -��a« Renae M. HUQt -Bortoxrer , .
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<br />-'= �:, , ' � V.A.GUAFlANTEED lOAN AND ASSi1MPRflN POLICY RIOEH 9/92 �
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