|
:!�- , . . ._ ���
<br /> '�.-.. J � i t . . . ' .
<br /> i
<br />._ J r .4�1'Y{ •)'� .�.�.....
<br />. __ . . . .� .� _. . . --�
<br /> ,ry ,�_. ..�..""" ._. ........ .
<br /> ,. .� --� . • - /D�s'7
<br /> - -_ � g�- '7'
<br />. �..
<br /> _ �'�',� • 0o2oo2ss�2
<br /> -
<br />-- --� • V.A. GU�RANTEEI) LOAN AND ASSUMPTION POLICY YtID�R
<br />-:_-�`���.�� _ NOTICE;THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF - _
<br /> ��`� _� THE DEPAItTMENT OF VETERAIVS AFFAIRS AR I'I'S AU�ORI�I�AGEIii'�. -
<br /> •2�•M•:•�•..'� THIS V.A. GUARAN'fEED LOAN AND ASSUMPTION POLICY RIDER is made this 25TH day
<br /> ° ,.,¢�a"� . �'� of MARCH 1994
<br /> . ��-,•�9�:.;�,, � �and is incorporated into and shall be decn�e�1 r�a�nend and supplement
<br /> hJ:.. .^'r?i. `:!��`.I..-_,
<br /> } , . the Mortgage.Deed of Trust or Deed to Sec►ue Debt(herein"Secudty Instrumen►")dated of even date herewIth. v
<br /> . .; • � --°--
<br /> ,•. .�::�.,_..:.. :��,,..� given by the undersi8ned(herein"Borrower") to secure Borcower's Note ro —�.
<br /> �`•�' "� `� The Equi table Bui lding and Loan Associ at ion of tirand Island. �--.____
<br /> �.; , L _ �'
<br /> ��' ^�+: � �+ Nebraska� A Federal Savings Bank (herein "Lender")
<br /> "{ � . .�.,..',�:..
<br /> � ��'"�� ' and covering the Property descdbed in the Security Instrument and located at �
<br /> s• .
<br /> � 408 E 18TH, aRAND ISLAlJD, NEBRASKA 88801-2441 =_ _
<br /> �� '_ (Propeny Address) ---
<br /> a
<br /> - _ - . .. v.ii.vUnFtr+iv'TEEI3 LO.:;:C'Ot'E":A!`;'C:In�dttitloa ta the;,'eti'Pslsttis endAV�PemPnt�ma�le(n the Security c___W
<br /> i Insuument.Botrower and Lender further covenant and agree as follows: _ ,�.
<br /> � , If the indebtedness secured hereby be guaranteed or insured under Title 38,United States Code�such Title ��
<br /> and Regulations issued theeeunder and in effect on the date hereof shall�overn the dghts,duties and IiabilIties �_,,
<br /> of Borrower and Lender.Any provIsions of the Security]nstrument or other instruments executed in cocineetion
<br /> • with said tndebtedness which are inconsistent with said Title ar Regulations,including, but not Umited to, _--
<br /> ' the provIs[on for payment of any sum in connection with prepayment of the secured indebtedness and the =_
<br /> � provlsion that the Lender may accelerate payment of the secured indebtedness pursuant to Covenant 17 of �
<br /> the Securtty Instrument,are hereby amended or negated to the eztent necessary to conform such instruments =:..
<br /> to said Title or Regulations. .�"�`-'''�'
<br /> �
<br /> ' LATS CHARGE:At Lender's option,Borrower will pay a"late charge"not exceeding four per centum(4%) ��'�-"--
<br /> �........._ . � . ..._:_._. of the overdue navment H�hen patd more than fifteen(IS)days after the due date thereof to cover the extra �`_
<br /> -,�� - - _ .
<br /> -'-�-"�----"'- CXpC�1�C It1WIYC'�� in handling dcitaqucnt paymcnts, but sucri •'late:charge"5�18II I1L�L hP�11�yflh�C OUI Of�hr �-=�--=-- .--_-_.
<br /> , proceeds of any sale made to satisfy the indebtedness secured hereby, unless such proce�ds are suf�ctent to =-
<br /> � dischurge the entire indebtedness and all proper costs and expenses secured hereby. ---
<br /> GUARANTY: Should the Department of Veterans Affairs fail or refuse to issue its guaranty in full amount - -
<br /> wtthin 60 days from the date that thts loan wouId normally become eligible for such guaranty committed upon �'�___
<br /> by the Department of Veterans Affairs under the provisions of Tide 38 of the U.S.Code"Veterans Bene�ts�" '';;c{;. -
<br /> the Mortgagee may declare the indebtedncss hereby secured at once due and payable and may foreclose , ' ���;-_
<br /> immedtately or may exercise any other rights hereunder or take any other proper action as by law provided. :%==r.,�:
<br /> TRANSFER OF THE PROPERTY:If all or any part of thc Property or any interest in it is sold or transferred, '�'.�
<br /> this loan may be declared immedlatcly due and payable upon transfer(•`assumption")of the propeny securing �
<br /> such toan to any transferee('•assumer"),unless the acceptability of the assumption and transfer of th{s loan
<br /> is established by thc Departmcnt of Vcteruns Affairs or its authorized ugent pursuant to Section 1814 of Chapter •
<br /> 37,Title 38, United States Code. �
<br /> ' �
<br /> An authorized transfcr("assumption")of the property shalt also be subjcct to additional covcnants and � .
<br /> ug�rcrnent,as set forth beto�ti•: •
<br /> "�.
<br /> � (u) S'U PTION fiU�l ��V(;FFE1 A fcc cqual to onc•half ot 1 percent(.50%)of thc unpaid principai �_
<br /> balancc of this loan as of the datc of transfer of thc{�ro�erty shall bc payabie at the time of transfer to the
<br /> mortgagec or its authorizcd agcnt.as trustee for the Depariment of Vetcrans Affairs.If the assumer fatls to
<br /> pay this fee at the time of tranrfer, the fee tihall constitute nn additional debt to that already se¢ured by this � -
<br /> ' instrumcnt,shall bcar intcrest at thc�atc hcrcin provided,and,at thc option of the mortgagcc of the indebtedness
<br /> hereby secured or any transferec thercof,shall be imrnediatcly dueand payable.This fee is automaticalty�vaived
<br /> if the assumcr is exemp� under thr provisions of 3R U.S.C. 1829 (b).
<br /> (b) �SSUMpT1C)LI Y Oc'FSSING CHARG -•Upon apnlicacion for approcal to altow assumption and
<br /> transfer of this loan,a proressing fec m�y br,chargcd b>•the mongager or it�authorized agent for determining
<br /> the credit���orthiness of the assumer and subsequentiv re�ising thc holder'.o��•nership rccords�vhen an approved
<br /> transfer is completed. Thc amuunt nf this charge�hall not excced �hc lesscr of the maximum established by
<br /> thc Aepartmcnt of Vetcrans Affairs for a loan to��hich Scction I 814 of Chapter 37.Title 3S, United States i
<br /> � Cadc appiic�or :�m� maximum prc+�ribcd hy applicabic Statc la�v. i
<br /> (c) �SSUMPTIC)N IN�EAINITY I IARII�TY; If thi�obligation iti assum�d, thcn thc assumcr hercby •
<br /> agrees to assume all of the obli�atian.of thr veteran under the icrmc c�f the inst ruments creating and securing
<br /> thcloan,includingthcobligationofthr��rtcrantoindrmnifythcDcpartm�ntofVctcransAffairstothcextent ,
<br /> of any claim paymcnt ari�ing from thr guaranty or in,uranrc of thc indebtcdnrtiy created by this instrument.
<br /> ' IN tVITNESS\�HEItEOF,Borro���cr(.)ha,czccutrci thi��'.A. Guarantrcd Loan and Assumption Policy Ridcr.
<br /> � r/' / ) ..� � �
<br /> �_. . . . � ••. /i� / iP � �_ _ � . : i� � . . � -.�l f i �r �__
<br /> 1
<br /> �.r_���
<br /> DAN1tL S PUCKETT li�,n�,,.c� nAReN S FJCKE'T N�,�n,���•.
<br /> ---'-- --' - -- -.. .- -� -� ISuuVact -'------- HurtnHCt
<br /> :�
<br /> V.A.GUARANTEEO LOAN ANO ASSUMPTION POIICY RIDER Z�9�
<br /> �•638�•„•. . \'h1V1�1UNTf�PG1/C)HRIS •iJll:'f.4H�[l(1• HU(�.�.7� 7.'4�
<br /> >
<br /> S
<br />
|