|
�,k:::� . w -- - ,� — --- -
<br /> ,.�:, -. ��;�itz� v,�� : �t�e�;E � _�w,,.�,.�.v.._.
<br /> k 'y�t",�. -y4 Y��---7--���d v � �`°,y+Y i - --" -�,�. � -ruruv -
<br /> A4" ': .. ��":n�_{k l4 57,/'�n� I�« � '�� ' t���'+�a�' y-1 �� t - , - F ��"�u}�� V'6�Q � � o /._+'� _
<br /> �. k' ie� .�tF � r 1 Y�' ' ' � - �-n• v+.....,.-�� f�'7�•-�c.�u., _ _ —
<br /> - 'T.-:�.a�0 1 .+K* 1(u�, - .,.... . .a..�.. ,,a..,�, . .. .�•:' ...
<br /> . y.�.;r�MSWw.wAVM!�w'W� l'r'r'� �rbMM�rM�+�'+�r+IN�rewrN��� - , -� _
<br /> . � �':/\., �.i1.w.r I:d`�i:;lvf.�_,. .... .. , _ " "_ _
<br /> _ '. , y -..+•MM{,�i t t , .. � ... ^�.'.
<br /> . . � �..: _ '1�f). J . _i ..
<br /> �� . (�`. . . . . ' " . '_ _,.
<br /> f _
<br /> �. . . i � : .-
<br /> 4:..,. : �. .. _ .:... ._ .
<br /> ,.. __.,,..,.t
<br /> _....�.L. ._._�____._.�_..--�------_.._._--...._....____.-.------•-
<br /> --.__-----
<br /> . ` .
<br /> .f�. ..� 0020028880 r��� aAa�3� --�n�
<br /> Q �.E.--
<br /> . . � :_..4' __---
<br /> � V.A. GUARANTEED LOA1V A1�1D ASSUI�IPTIORI P'OLICY ItIi)Elt ��°w--
<br /> � . .
<br /> � � :� � �� _ NOTICE:THIS LOAN IS I�OT ASSUIVIABL��IT�I�UT TH�APPIdOV�OF — :';'��.����-—
<br /> � � • THE DEPAit'�11�iENT OF VETE�tA1�5 AFFAIRS OR ITS AUTI�ORIZ�D A,GENT. - � .--
<br /> �..:..-.-'"4�i�_..,lw�.���.
<br /> � • .. �HI����CiUARANTEEL���4AN AND ASSUMPTION POLICY RIDEtt is made chIa 20TH day ,;:�_-`____ _
<br /> , ,and is incorporatec!into and shall be deemed to amend and supplement m�:M=-----
<br /> , ,,;�-,,,-..,-�--��_::
<br /> the Mortgage, , .,,..: a o�,,,,„„�
<br /> Deed of Trust or Dced to Secure Debt(herein"Security Instn►ment")dated of even date herewIth, , •,��'�F�,��v
<br /> , ����:�?'k�::.
<br /> ' give e h���d#}si�e)e(h ei " rrower") to secure Borrower's Note to . ;,��.,,`�;•____
<br /> '� �u�'1c��ng and l.oan Associ at ion 4f arand Isl and� . ��, .;._
<br /> Nebraska, A Federal Savings 8ank �herein ��Lender") '; ,;.�� '.���t`�:��:-
<br /> . . and covering the Progecey described ln the Security Instrument and located at fr� � ;�����:'�. ;
<br /> c;. .•;.;:;.�...,.;�,
<br /> 2�1 E KOENIG,, Gl�l�tVQ� BSLAND, NEBRASK,IA 68801—T�33S ',; �.�',',;:._�.'�:� ; _
<br /> :�i4ic..� .
<br /> (Property Address) '�t''• -
<br /> • ' • V.A.GUARANTE�D��AN COVENANT:In addition to the covenants an,d agreements made in the Security , ��^:�-���:,x:;``Y,
<br /> .. �,;,.�: s �.
<br /> lnstrument, Borrower and Lender further covenant and ag�•ee as follows: ���u�==
<br /> :.�.,��;., .. . . .:x�en;z, =
<br /> If the indebtedness secured hereby he guaranteed or insurec�under Title 38,United States Code, such sieie ��.�;,,,�,.,.
<br /> • ' and Regulations issued t�ercunder and in effect on the date hereaf shall govern the rights,duties and IiabiliEies s �:'�:::r'
<br /> � . of Bonower and Lender.Any provisions of the Security Instrument or other instruments executed in connectivn • =`������.
<br /> L'�' with said indebtedn�ss w•hich are inconsisient with said Title or Regulacions,including, but not limnted to. X„s
<br /> ry, . �.;,, `. .
<br /> � • • the provision for payment of any sum in conneaion with prepayment of 3i�e secured indebtedness and che ��`��1�,•?�--�''� .
<br /> � provision that the Lender may accelerate payment of the secured indebtedness pursuant to Covenan[ 17 of ;<�;��. ���'�--
<br /> the Security Instrument,are hereb}•amended or ne ated to the excent necessary to conform such instruments �'�"-;'`�-
<br /> g .ts�uoe:�_
<br /> to said Title or Regula[ions. ��
<br /> •,;.,,, LAT�CHARGE:At Lender's option,Borrower will pay a"late charge"nat exceeding four per centum(4%) ;
<br /> ;�:�t,, of the overdue paymPm when paid more than�fteen(1 S)days after the due date thereof to cover the extra ���;�: ' _
<br /> ' `� expense involved in handling delinquent payments, but such"late charge" shatl not be payable out of the '``"•'
<br /> '' , �,;,.,,. ��';
<br /> �i?�� _ rroceetls of any sa(e mAde to catisfy the indebtedness secured hereby, unless such proceeds are sufficient to �•;
<br /> � discharge the entire indebtedness and all proper costs and expenses secured hereby. ' ,+�
<br /> -,����•i,�, � �,
<br /> ,,r�: . GUARaNTY:Should the Depanment of Veterans Affairs fail or refuse to issue its guaranty in full amount _ ; ;s�,:
<br /> '•• '��� • �viihin 60 days from the date that this loan would normally became eligible for such guaranty committed upon �� ��',°�3•�' .:"•�>;,
<br /> �t:;,;��; by the Department of Vererans Affairs under the rovisions of Title 38 of the U.S.Code"Veterans Bene�ts," it�:<3�!, �:. s
<br /> � the Mortgagee may declare the indebtedness herehy secured at once due and payable and may foreclose "' ~ �`�'
<br /> immedia[ely or may exercise any other rights hereunder or take any other proper action as by law provided. � ' �; ��
<br /> f •,.'.
<br /> TRANSFER OF THE PROPERTY:If all or any part of che Property or any interest in it is sold or transferred, �:
<br /> ' this loan may be declarcd immediately due and pa>•able upon transter("assumption")of the property securing . •�. ' 'j °
<br /> ' �� such loan to any transferce("assumcr"),unless the acceptability of the assumption and transfer of this toan " . �
<br /> is established by the Department of Veterans Affairs or its authorized agent pursuant to Section 1814 of Chapter ''�' S,_,�
<br /> 37, Title 38, United States Code. ��r-—
<br /> y'..;��.°..
<br /> ,,,,.,, An authorized transfer ("assumption") of the property shall also be subject to additional covenants and . .,` .�: (a�"`?j,;.}.`-'=
<br /> agreements as set forth below: '::��:. , '::�''�1�� ._
<br /> � �,j;.�..��� �. .' ,,,.,.,i-i,r.1 .. .r.
<br /> 1
<br /> (a) ASSUMPT[ON FUNDING FEE: A fee equal to one-half of I percrnt(.SOo-/o>of the unpaid principal f �:;`� �' x;� �
<br /> ' balance of this loan as of the datc of transfer of the propertp shall be payable at the time of transfer to the I t�'�,i�'�• �
<br /> . • ,r��a,^
<br /> ti mortgagee or its authorizcd agent,as trustec for the Departmcn�of �'eterans Affairs. 1f the assumer fails to � ,Ii��;x�; ,
<br /> a this fee et the timc of transfer, the fee shall constitute cin additional debt ro that alrcady secured by this ; ��.<.
<br /> P Y ; . ,,...,•�. ,
<br /> instrumen[,shaU bcar intrrest at thc rate herein�rm�ided,and.at thc option of che mortgagee of the indebtedness
<br /> ' � hereby secured or an}transferee thereof,shall be immediately due and payable.This fee is au[omatically��•aivec3 I ��
<br /> � , if the assumcr is e�cempt under thc provisions oi 38 U.S.C. 1829(b).
<br /> (b) ASSUMPTION PRoCESSING CHARGE:Upon arplication for appro��al to allo�v assumption and
<br /> ; '�,,,
<br /> transfer of this loan,a processing fee ma}•be charg�d b�•thc rnortgagcc or its authorizcd a�cnt tbr determining
<br /> ' . the credita�onhiness of the assumcr and subs�qucnUy rc�ising the holder't oa•ncrship recorcl.��•hen an approved � �� •
<br /> transfer is completcd. ;he amount of this charge shall not cxcrcd the lesser of the maximum established by ' � � .
<br /> the Department of �ei�rans Affairs fur a loan in��hich Section �R 14 of Chapter 3'..Titl�38,United States f.1:.•
<br /> Code arplies or an}� marimum prescribed hc applicable Statr la«. � •
<br /> ',•.
<br /> (c) .a5SUA1PTION l�lI�E�1\�Tl' [_IABII IT1: If thi. uhligation iti a�.umcd, thcn the assumer hereby ' _
<br /> agrees to assume all of the ohligations of thc�ctrran under t hr tennti of thr in.irument�creating and sccuring .
<br /> thc loan,including the obligation of thc�ctrran to indemnify�the L)c�artment of Vrterans Affairs to theextent •
<br /> of any claim pa��mcnt ari�ing from thc guarant�or insurance ot thc indcbtednr.+creared by thi,instrument. ;
<br /> IN WITNESS WHEREOF.Burru�ccr(>)ha�cxc�utcd thi, �'.A.Guarantced I.oan and A.wmption Policy Ridcr.
<br /> � � � • . _ ' i . �
<br /> � ��... � J �- �� _ , _� �. .�-�--.--
<br /> � LARRY I,�GIPE �t,,r•,�„�• LYNI� R GIpE ' -t{„«<,����� '
<br /> _ '__'__-- _ H�1ffU�\�( ---" ___'_' ---_— N��fftl\\l'f
<br /> . _,�'.� V.A. GUARANTE�O�OAl.1 ANO ASSUUIPTtON POIICV RIDER 2i91
<br /> il �•533 ' .. .. ,1.'>�I�O'i.1"'�rP�.l� • J�!. . . . • j���1.5:.�Jq.
<br /> �
<br /> 1
<br /> J._
<br />
|