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<br /> v.a. �u��D ��►ri �►rrn �ssu�rjoN pa�t� Rw�g. .
<br /> _ , �� .. Na'I'ICE:TflISLOAN LS N�T ASSUMABLE WITHOUT THE APPI�OVAL 4F - .
<br /> �DEPARTl4��T-aF�JL��S AFFi��g l'I'S AUTH��Efl.AG�NT.. _
<br /> � � THIS V.A.CiUARAN'fEED LOAN AND ASSUMf"TtON POLICY RIDER,is made thIs 315t ` 'da►y
<br /> ot UeCeRb�r , 1993 ;�is incorporatcd inw aad aha11 be deemed w amead aad suppkment
<br /> We Moct�t�e,.Doed of Tnut or Deod to Sa�ue Debt(haein"S�a�ritS►ta�t'9 dated of even dure 6aewith,
<br /> . given by thc und�i�ed therein"Borcawd�to secure&�rruwer's Not�to
<br /> Norwtest [�tortgage, Fnc. tuerein"tmda"� ,
<br /> and covering tha Pcapertg dtscr�'bed in tiie_SaauitY Instrament aod laxted at
<br /> � � 425 �ast Phcenix Avet�i,fe - Grand Island, NE 68801
<br /> - . (prot�9 wdd�) �
<br />- . R./4.:fiUARAI�i`TBED LQAL�.COYENl,1�T:Il!SddltiOri IO dle cOVE08nLS BIItI ag[Oem+mtS madC$L thC SCCUrity
<br /> � :�'str�mmt,�rs�+ver aad L'snder further covaiant and agree�s follo�: .
<br /> ' IY.ti�e mdebtedi�tss secured hCretry be guarantoed or insucod undec Tittc 3S,iTr�ated Stat¢s CodG sucb T'�tle
<br /> " �. ;i�Resulatioiis issned therruiider ance in effect on the dauhereof shaII gavemtSscrY86ts,duries and tiabilldes �
<br /> — . ��'$ixrovrer and I,ender.Aaig:pmvisions of the Security.In�t air�tha in�mauts ezea�ted in connectian .• :
<br /> , :`°?:�w"�3 said indebtedaess w1u�i aie inconsistent with sai��de or RegQTattons,��.�:n8,but not limiud to�:; :> �
<br /> ' '::�e provL�taa for payment.af an3►sum in conneaioa v�rh Prepayate�}t of t�e se�asl°indebtedness and ttic�.;,.
<br />= provLdon that the Leader,may acceleratc,payment of ihe stcurat.'s�tednas pi,��iant to Coveaant 17 t?f:!
<br />= the Savri�y Instiumes�t,arc Ixreby ames�3.cu ne8ated w We eaxen,L�ecrssarY to eonform sus���'` .
<br /> to said Title or Regulauons. - � _ .
<br />'_- LATE CHARGE:At Lender's option,�zia�wer w�pay a"late chargd'not exaeei�:n8 four per ce��ccm t4�7a�,�;;`..
<br /> :� of the overdue payment when paid more�an fiftan(15}days after tlie due�e s�ereof to caver#he ad�::�`:'
<br /> expense involYed in handling delinquese�paY�nenu,but such"late c�,.argt"s?�zT4 not be paya�le out of t'tie:.,:;;: :.:
<br /> prooeeds of aity sale made to saasfY'���tednas secured hereb�;,.�.�3ess ssc6 proceeds�'e sufficient ta .�:-;;..�:, :.;`,:�':
<br /> discl�arge the entite indebtednas and�pioper casts and eapens�;s�*�heieby. . : ::��.:.,•'``
<br /> GUARANTY:Shoutd the DeQartment of Veterans Affairs fail or refuse'ta issue i2s guaran�p�full amount
<br />- - �, within 6f1 days from t8e date that this loan would normally become eligible for su�6 gIIaraaty committed upon"
<br /> - ' by tl�e De�artmeat of Veterans Affairs under the provisio�s of Title 38 of the U.S.Code�•V��irans Benefiu."
<br /> + .; � .. the Mortgaga may declare the indebtedness hereby secured at once due and payable and may f�reclose
<br /> ` ��.;��;,, � immediately or may exercise any other rights hereunder or take any other proper action as by law pravided.
<br /> ��i��".rx�;k�:;-. .
<br /> ,;,.;,�.� . .�,, TRANSFER OF THE PROPERTY:lf all or any part of the Property or anY interest in it is sold or transferrcd.
<br /> - .,.-�"�;• _ •..�� �t••�- ` this loan may be declared imraediately due and payable upon transfcr("assumpdon")of the property seeuring �'"-___
<br /> =:;�`":"'�" such la�n to any transferee t"assumer"),unless the acceptability of the assumption and traasfer of this loan . -_ --
<br /> ''�'-� '`_�`�� is estabUshed by the Department of Veterans Affairs or its authoriud agent pursuant to Section 3714 of Chapter �a=__
<br /> �.�,YV r - =:s.::�-
<br /> �,- �y;., `:�?: 37,Title 38.UnIted States Code.
<br /> ��'�'?F Aa authorized transfer ("assumption•')of Ihe property shall also be subject to additional�covenants and� 4'-'"'-'`
<br /> �' ,r.. . -
<br /> '�:�".� .'.� �• '�:. ageements as set forth below: —
<br /> •-�,�: � . .
<br /> ._Y;%; ? . (a)�(J�"p't'� IOL�FS,iNDING FEF:A fee equal to one-half of 1 percent E.S��'o)of the unpaid pdncipal� �,;;' ' •
<br /> '�:�.* �' � batance of th�s toan as of the date of transfer of.the property shall be payable ai the time of transfer to the
<br /> �s-•-',:.,:::.;. .
<br /> ;_;,,�:,•.: •.:: ' mortgagee or its authorized agent.as trustee for the Department of�eterans Affairs.lf the assumer fails to �
<br /> ' <,'y,.�.� . pay this fee at the time of transfet,the fee shall constitute an addidmreal debt c�that already secnred by this t ,�
<br />_ �-�rr; � instrument,shaU bear interest at the rate herein provided,and.at the option oP che m�ortgagee of the indebtedness ��� �• •
<br /> � :.�"'°;�`.��•:: ',. hereby seoured or any transferee thereof,shall be immediately due and payabte.'f�s fee is automaticalty waived
<br /> �`��''1._.,.'� . •'• . . if the assumer is exempt under ihe provisions of 38 U.S.C.37Z9(b). .�,;,;,r.�.'
<br /> , �_ , . .'
<br /> �t..,��"•. '. ; ,.;
<br /> • y-� (b) ASSUMPTION PROCESSING_CHARCE�Upon ap�lication for approval to apow assumption and , •,�<;;
<br /> "'� ` �+� ''" transfer of this loan,a processing fee may g-ed by the mortgagee or its authorized agent for determining :`• �:��
<br /> � „" ',��� 'r {r,; ,.,• , � the creditworthiness of the assumer and subsequentiy�evising the holder's ownership records when an approved ., :'''��`"
<br /> „ � .,_�;,r.� .
<br /> .:4f'.;?:,•;�+rc':",j :� r transfer is completed.The amount of this charge shabi not exceed the lesser of tTie maximum established by �:.",��:-�';-:,
<br /> ' �� �'"��' � thc Depanment of Veterans AfFairs for a loan to whirh Section 3714 of Chapter 3y,Title 38,United States •�=,;�
<br /> Code applies or any maximum prescribed by applicable 5iate law.
<br />:r,�, � (c) ASSU]NP7'ION 1NDEMNIT_Y_�IABII,LT_Y: lf this obligation is assumed,then the assumer hereby
<br /> ees to assume all of che mb gat ons o t e veteran unde�the terms of the instruments creating and securing f�;��'�
<br /> .=='� 't�loan,including the�b4lgation of the veteran to indemnify the Department of Veterans Affairs to the extenr ' -
<br /> � oi any claim payment arisi�g from the guaranty or insutance of the indebtedness created by ehis instrument: �' ��..
<br /> IN WITNE5S WNEREOF,Borrower(s)has executed this V,A.Gnarantoed l.oau and Assumption Policy Rider. f �
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<br /> Merie W. Plantenberg -e�nou�� K tht een M. Plantenberg -aonoa� j. �.�
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<br /> . . .norro�rer •eorro•ra �
<br /> V�.AIlMANiEED LOwN AMO AiBt1ANT10M/OtlCY RIDER ' !!!2 � � .
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