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<br /> :` yA �11�11�PTION POLICY �UDER j , �
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<br /> �01ZCE:�i5 iA���;�4'�ASSt31�AB�E V�OUT TIl�A�FRO�AL�IF=
<br /> — � TAE DEP,�tTll�f�aF��3 A�'FA�IRS Ol�1T5 AU'�'SORiZED�A�F�IT.
<br />-- THIS ASSUMF'.ttON POLIC1iS[tID�iR.is made ttiis � 12TH . �y of DBCEMB�R , t9 �1 , —
<br />_= and is inoocp4�sted irao and shall bt�to amrnd aad supplanent the MatSage,Deed oiTnut.or DaedYa Secure
<br />=<�- pebt('•lastramcnt")of thr same d�R�berewith.given bY the undersigacd(`,`Mortgagor•')�o secure�e Mo��ors �
<br />_ ��fi���}�������.^ Overland Natianal Bank
<br /> _:�} . ' � . .
<br /> . � ' � iu sucoessors utd assigns =
<br />•�.:;y�: ("Mort�e���")suM�coveria6�p�P�Y in tluc iastivment.and located at: . --_-
<br />--,;;� ,: 705 �f�..15th St. arandti-F��a�d.�8801 : :,.;.=;;= .. —_ -
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<br /> �:���ii I �'•I'n ' .�'; . .St` - �'F" - YaC�� �t;f� -
<br /> �:;..y:,`� - th set forth in ttie In�tti�t,Murt��,aar���csr�gor hereby .:',;:.�:�:
<br /> �rr �, . . No'twrl�.�idil�g afsythitig tp �� ,;,, w�� •1
<br /> ��f 4r1:: .e - - �i��_�,t;
<br /> ��Sx E� arid agceesia��t�e toitowi»3:'. :;�; ,. . ,:,�`:i ,. :•<..'����.�.::;:";�:�:�� � �_:;°.: _�
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<br /> ,. , , GUARAN7'�:Should tlte Dep�ttinent o;Vetera�s Affairs fail or refiue�r�#te s��'��tY in full amount vrlt�n�
<br /> ��°`:. r', 60days froq�,the date that this td3�i anutd norm�I��me e1�T�fbr sads��►��ed upon b�the Depa�st, = ���
<br /> IRS'f. �3 ,�y*_,CJdd'Y�
<br /> r��,,ss ;� ' �'�� — —
<br /> of Yeteaars�Affa�rs under tlE.�P,�av�ibnsof Trtie��f tbeti�:•+C�ade"Veterai�s Bene�«f�e'.�lant�ee maY ded�r � ; , s°
<br />,,, ,`. - , �. ¢.�a����:*'xaY ctr:�.�etsfiicisa aq!'otf�. �� � - -
<br /> �,;�,,,; � �dess heceby.sea��ii�sto,c�due;�aa forectose immedia� ,. --
<br /> -`�, � -�agh[s hereitader or.ta�e an �i�p.�iPer a���:��-���ided. .,.,. ��r.-„ �.... .;Y
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<br /> �,�TRANSFER pF�-PR�Yi'�ti.`L'��if'a11 ar a¢E�gais�of the Property or any interest in it is sold or tr�fe�.t�� . �_ .� . ._
<br /> :x ._ °` loan s(r�i[<6o immrdiir.ei�s tlue aird p�yable upo�r cransfer�••assumption")of the propecty securing so�b ioan t+�•�` _�n _ ,_�-� -
<br /> � ,-�,.�,�.. transfer��("assumcK"},unkr+�:fli�acceptab i l ity o f t he assumption an d t r a n s f e r o f t h i s t o a n u e s t a b t i s h e d b y�c�e - .'�-'.'`-----�-
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<br /> . •.� IkpartmBnt of Yeterans AflAi1�at its authotized agenl pursuant to sectiQn 1$I7A of Chapter 37, Tide 38,United =.. �• ��-- � •
<br /> - -:-_�._I� - - - StatesC6de. : •_ -_'-�
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<br /> � ' e An authdrized transie►t"agsumpdon")of the property shaA aTso be subject to additional covenants and agrcements ����:
<br /> 's�. . �.-_��
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<br /> ;'�`r . ;. as sct farth betow: ; E �'
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<br /> :: ,-:�-v . (a) �SSUMP'1'[OI+F FUAfp�ING FEE:A fce equal to ane•halP of 1 percent(.509�)oi the unpaid principal balance • „ _
<br /> ;:;�.�,,;.•> of thls taun as oY tht dat�oiuransfar oi'the propecty shap trt payable at the time of.uansfer,to the mortgagce or �x��--;.;
<br /> ' `��'•;' its aut hu r i zed agent,as tncstt�for the Secretary of Veterans Afiairs. If the assumer fails to pay this fee at the time � -:�
<br /> � .�:;..,��1;.,. of iransYet,the t'ee sha31'con3t�tutc an additional debt to that aiready secured by this instrumeu.shall bear interat � �w�;-
<br /> ' *`" ���- � at the rate hcrein provid�i,a�id,ai the option oi the mortgagee of thc indebtedness hereby secured or any iransferee
<br /> � , - ._r thereof;shal!be immed'ratrt�+,due and payabtc. This fee is automaticaliy waived if the assumer is exempt under the .�:. "
<br /> . "z. _ :'��Y.�r . :, provisions oP 38 U.S.C. 1�9,(b),
<br /> ' � ``;;�. r�'��' ;:�: (byiA.�,SSUMPTiON AtiC�CESSING CHARGE:Upon application for ap�rovat to alEow assumption and transfer r;
<br /> of this�dan.a processlr.g ft�may be charged by the mortgagee or iu uuthorized agent for de�enninin8 the creditworthi�sess �•. ,. .t ',�,;.
<br /> t � ��'5�:.
<br />: ��� �` ��'�'' of the assnmer a�cd s�:baeq�sri�ly revising thc holder's ownership tecords wtien an approveQ transfer is c�amDleted.'Ehe �;.,;. y,._
<br /> � :� ,�;��•� �. amouni�uf�his chasgr sha311i�oe exceed the maximum established by the Oepar[ment af veterans Affairs for a[Qaa ;'�., �`-"
<br /> .�x; to wh�cl;i'section 181TA of+Cfiapier 37. T1tte 38, United States Code applies. ��. `�,:f;
<br /> ,. �,. ; � (C�;��k5St3MP��(�j'+l 1N[�Ehtir"LTY LII�BILiTY:lf thl9 obligation is assumed,t1teR._�tf:assumer hereby ag�ta E _
<br /> f� .' assum�all oP the o�ii3�atian3�of the�eteran under the terms of the mstruments creatin��-u�securing the loan,inclu�ng j
<br /> "'° the o6�i�ation of t�retETU�to indcmniip the DcDartmcnt of Veterans:tffairs to ttte e!cient of any elaim pay�ent �
<br /> � . � arising Sram the$u�ran3��'or insurance of the indebtedness created by[his instrument. , �
<br /> � .' �%�+ �� ` IN Wl'LNES5 WHBI�E�A;htongagor(s)has executed this,�.ssumption Policy Rider. . . � . ;,`
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<br /> Mongagor ` ��'
<br /> . . ' � � RoSert J.� ehluck� Mortgagor . �
<br /> (Scal) (Seal) �.
<br /> � Mortgagor , l�fortgagor �
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