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<br /> - - _ '� ' 'rH[s v.A.vttA�t�ED l.��t��SUMi�'i'�oN poLCCV ttm�ts made mis 29th ctayr '�. -�_
<br /> � }f. .., of Apri l . �994 ,.and is inoorporated into and sha116e d�erned ta amend aad supp�x�ent , �,��Y���.� } .`
<br /> . . the MortP�8e.Daed of Trust or Deed to Secu�e Uabt(herein"Security Inst�umxai'9 dated of even�aze herea+ath, ` �::�3�.�,�" �"G-_
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<br /> E� °�'- ghrea by the undersigied(hereig "Borrower")to secure Botro�er's Note to �, ��•� -
<br /> ,,.•<<.�;>�:....,.
<br /> • .. . �� ::r.. . l�or�r�st Mortgage, Inc. (herein'•Lendex'�> , ; `� �.�"� `
<br /> . t�o.�.?��`,'�j��"
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<br /> ° ,r and coverin�the Property described an the SecurIty Instruntent aud Iat�t�i 8t 3�r '���.�. .F�'� .
<br />=;'} -.,cf . , . , , � . . . � . �1,,: �f�„`t��,f'r',t-,:
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<br /> �''�r', 'r%,i`. t�E 688d.3 . _ �
<br /> ,�,;� :-=?��,t :«;,� I808 Virginia Oripv�e��(�/ wj,G�r-a\rtd F�tand•: �s:%.:.:: .:,,�,.,��.v;_
<br /> t`i ' '4}' /?r . � • . �C{ypv,�j/IYW�I . . . � �'F�"••SJ'� ��aeY(�f.11_
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<br /> - `'r,�° V.A.GUARAN7'EED LOAN COVENANT:Iu add'itiun W the covenants aad agreements made in ttze Security " �;'f�. = -__ ___
<br /> °` - '�� •� tastnttneat, B�aower aud Lender further covenant and agree as follows: •'� ,. � � --
<br /> � If Ehe indel�tedness secared herebY[se�uaranteed or insnred uade��'itle 3S,United States Cade.sucTn T"ule ��„'' ,.-
<br />-',r� - - - - �" and ReguJaiions issued thereunder aud in.cffect on the date hereaf shall guvem the cighu,dq3ies and lia6�igies ��';�a _�
<br /> -� S= : '�t of�orrov�and L�ndes.Any provisions of the SectuitY Insuu�ent czcatfcer insanuuents exe�cuted in oonnection ,� ���'''`
<br /> � `•f < wit6i.�said-mdebtedness which aze incaasisteat with said�tle.or-18�guIatiaas,..incinding,but.mot limit4d...to... .. . ��..,,� ;-
<br /> � ' �s�. —
<br /> '�.�� ;E � .. the provision for payment of any snia ia connectian with prepaymcnt of ttie secured indebtedness and.thc .,g,�°
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<br /> €r ,e;���f�r provisioa that the Leuder may acceterate pap�cei�af the sec�u�i indebtednes�puisuant to Covenant IT af �v�.
<br /> .Y. ��'' � the Secarity Tns�rument,ace herebq amersded or t��.W the e�fenY.aecessary to conform such instr�me�tt� =;-�--
<br /> f� {� '' ' to said T'xtte or Regula.tions. ,. • �;,���
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<br /> }'• � LA'I'E CHARGE:Ac iarder�s a�sdau,Horrower w71 pay a"late c6arge"not exceedin8 foutr�er ceniom(��'o) - � �'� ��`
<br /> �,•�:,�,:
<br />_ " � � of the overdue payment wheu paid asore than fifteen p57 days after the dme date thereof to cover the e�tra �
<br /> ' . ` expease invoIv�d in hanclGng delinquent payments,but such "Iate chazge"shall not be payable out of t6e - _ `
<br /> � �� . pruceeds of any sale made co satisfy the indebtedness secured hereby,unless such proceeds are suffciea�to -• _
<br /> � �. ' dLscharge t�te entire indebtedness an�aU proper costs and e��+ses secured hereby. -• . �
<br /> � � : x.
<br /> ` �, � �'�� GUARAN�:Shoutd the Departmeat of Veterans Affairs fa�or refuse to issue its guaranty in fuU amouat , .`,, ��, s•
<br /> } t •n �,,,...: ;:;,
<br /> .�i �;''� � -:,�;,t,��':�ri'� °� within 60 days from the dace that this loan would nomnally become eligible for such guaranty committed u�pon . ''���`''
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<br /> =. -r;�;;;t;�.,;.r4,,; ' �-;'hy the D:partment of.�,,�x.�is Affairs uader the provisions of Title 38 of the U.S.Code Yeterans Be�nefi:�; �--���; "
<br /> �:' ,�'. ':;_�,r..�.•,,.;,, :;;, '�: :s�[e Mortga�ee maY cT�:�:�tEie indebtedness hereby serured at once due and payabte and may for�a.re '��,;��.;��.
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<br /> �;::;;� _ ."":` : .�dr�nediaae5�ceII may exe.�s�.a�y other tights hereunder or take aay other proper ac�ion as bY law provic��.?... --—��Y;i`.�is:=,t% ' �.
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<br />-:� ,��`�, .,. �.;fi.Rr1NSFE�t OF THE FR!�I��LTY:If all or any part of the Property or any interest in it is sold or transfecre�, ;r; '�• ;�':'•�.;'r:.;_• s;;
<br /> � ;°��' �� .`���qis toan may be declared'im�ediately due and payable.upon uaasfer("assumpdun")of the property se� , • ,.�•�':?,;"'," ��
<br /> -T i: ��'`.�`r,�'����'�, such toan to any trans fer�ae�°`assumer").un less t he accep ta bi li t y o f i h e a s s u m p tion a nd transfer af this l�o:sz . °'.;r, 4' `-: :3,, �
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<br /> �,�, � , is estabtished by the Departe�ent of Veierans Aifairs or ats authorized agent pursvant to Section 3714 of Ch��:� ��" �'���'' �'j�F�
<br /> - � • 37, Titte,39,QR�tted States Code. �'"t�'r�;;'��..�
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<br />� . . . � �' �� " ro ert shall als�L��sub'ect to additionad�veaants and �'�'���
<br />- An authori�e�rransfer( assumpnon )of the p p y J . ,.•,-�_.-.� _
<br />- ; ' �_ , . ageements as set fortEt F��to�v: " , � . . � . .
<br /> .`� � (a) QSSUMPT10;;ti 1FflIhDING FEE:A fee equal to one-half of 1 peroe�Qe q.5m%)of the unpaidpn��1 '•' . `- �`` • -
<br /> .} ; . : baYance of this toan as��+F uraz date of transfer of the properry sball be pay?afi��e at the time of cransfer ta a�z , ; � .
<br /> -�� . . . . m o r t g a g e e o r i t s a u t h o r i z.'r d a g e n t,a s t r u s t e e f o r[h e D e p a r t m ent of Veterans:�ffairs.If the assumer faie3 to ' -"�"�
<br /> :;:, • � pay this fea at the time of transfer,ineffee shall constitute an additional debt to that already secured by this -. . . ' '�'•'f
<br /> � � � �� ' � '' ' instrument,shall bear intesest at the ra��a�erein provided,and,at the option of the mortgagee of the indebtedness . • '..
<br /> �•; ,��,,,, • .., .
<br /> '•���,,�:,��:r, . �3�areby secared or any:�r�;sferee thereo'f,shall be immediately due and payable.'�his fee is automatically waived : :- .
<br /> •��.�;:ra�.��. •*f the assumer is exzmpt under the provisions of 38 U.S.C. 3�29(b). , • .
<br /> `I ` ... .' J:.-; . . . � . . ' ., . ' ' . '. '�'., ..
<br /> `�' � PTIU 'Pli CESS . H GE•Upon application for aFaTQb-al to allow assumption and , ' • ,����';°�
<br /> .y • . .. ' • (b),' , . :
<br /> transfer o�'�:fi,�s oan,a processirl8 e:�ay be char ed by the mortgagee or its accthorized a��.n�.for determining E �`'�`���
<br /> : t_ .. . g �,. ;.,,,�•:;�•:,.
<br /> ,,,,•.: ...
<br /> the creditworthiness of the assnmer a��E!subsequently revising the holder's o�vnership recoz���.i��:n an approved E ' � �'°> "''��`
<br /> ' . ,,,:.::��;;: ;:
<br />- ? transfer is completed.The amount of this charge shaq not exceed ihe lesser of,the mararrnai:e established b �'�'`���'"�s,::;;:;%:_
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<br /> the Department of Veae�ns Af`airs for a loan to w•Irich Section 3714 of Cha.jztc�-�.3?,'C1t)�:3fi, Unitr�fi Sx.ates !. �tt,'`?-7'�'�'':�-'t��"
<br /> � ' .`�"'"' • ' Code appl�es or any��imum prescribed by;ap���ca.ble State la�v. . �', . � `!••��;:'•'���`:}'`;=;''
<br /> � .• � . -� � . � � i S�l��i�r ti,� i j�����1, i
<br /> ���r � ' • (c) .!�S�UMPTION INDEMNITY LIABILITY: li this obligation is assumed,tha3 iin.�,��a��nr:s:,licrcby � . ���,.�' ' �: r,t� •
<br /> ` ' • agrees[n a�ume all of the obligations of the vcteran under the cerms of the instrumencs u-�uieik,;��i°scitairin� �, 1...;',-��„�. � {�',:;r;
<br /> ;-, . 1'.�..•. .,; .,
<br /> thetoan.in.s�udingtheobtigationoftheveterantoini$emnifytheUepartmencofVeterans:4iil��ir��o�tl��is��nt � i';;;,',',
<br /> � ` ' ° ,:�. . �of any c[aiin Qayment arising from the guaranty or insurance of the indebtedness created�_r iius`.�u�n��:rnt. :%y:'•���•`
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<br /> ��';;,i;',;;��,�;•a!� � � IN VJIT�I�SS WHEItL-OF.BonoH�er(s)has executied ihjs V.A.Guaranteed Laan and Assum}�rfnn Pofi��)tider. '� .
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<br /> ��``� �;u��• Dan F. B��II@�t -eorro�rcr Janet .S. BTen�k � �� � .
<br /> _ �`�` ���r+;�'� by Dan F. Bienelc, POA ; .
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<br /> ;�'��'.; ''.`'t,�`1��,�.�'"; V.A.OUARANTEEO LOAN AND ASSUM?iION POLICIf'R1bER 9192 , ' . .
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<br /> ..,�.�. •.•� ,", �.$3g�y2p9, VNV 6fOR1GAGE F6RM5�i8601521 729t ' � . ,
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