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' �(�i»:°➢.a�t�`'�� . <br />- � IIstdaave�ngt�tusPt+apertsd�rn'bedinthaSecuritylnsuun►cm�dl�ttcfat . . , <br /> - , 91? � ,Qi�t, t�.�a�;ffi�;68Sftt8��. <br />_— -��� tProp�siyAddiaar <br /> -� � y.'"��� • ' , <br /> - y �,,� � V.A.(iiJA13A1�iTEED LOAN OOVENAI�iT:.in edditeon to t&e oovenants and s1�x. nsmt�+;m�4b in th+� <br /> _ -��� Savrityl�strunaeabBoprcrWerandi.euderfurtliercaveaamandagrEeas[ofta�s� � . . ,: <br /> - =--�`��:� .. Iftheindebtedu�ssecuredhenby�guaranteedorinsuredunderTitte38,,Unitad�tt,��a��'iichTitteand :,:�;_- <br /> �r�p�x+��-� • _ <br /> �_..9�w,�.s�� � . Regiilati�asiss�dthenunderandiaciic�tcsnthedatehenoishatfgoverntheri�►t�ki�ti�andliabilities� _ <br /> --___�.=�°_� .,�- . gereoAar and Leader. AAq provisioas of the Securiry lnsdvment ar other it�tvftreents ex�cuted iA . _ _ <br /> --_- -��+� � oonr.e�on�ith said indehtedaes9 wiuch�inoonsistent aith said'fitte os Regiila4im�ns,iACiudtn,�,bat aut <br /> - �.-�'-^�->���•.._ __..Ii�nifedm,theFsovisionforpa enaoian;Y.sum�uconnectionwithprepsymmtoithe'gx�ttediadeb�s <br /> -='>~ ._......----- . <br /> -r ":` ,�. :''''"' ' and the�rovn�on thatthe�nnay acoelerate payrnent of the secwed indebtedn�parsu�ntto Covenant . <br /> a • <br /> -_-__'��`- .:. . 1'7 ai the Securitq Ins�en�are hereby emended os negated to the esteaR n�ry to oonfarm s�neb . . <br /> -.F�=;', ' '�;; '(`` .; instntmmtstnsaid�it2ecra�Regulatiot� . � <br /> -� � ; .. <br /> , <br /> � -� LA'i�CHt�c�E:A�sL�-�x'soptia�,Hornuwer�,Il�ya latecharge not�tceedingfourpercentum(�Wi) . <br /> _� • � - --= �. -of the over+�^.ie�ymiesi���n Paid mcr�thati tiitees��1S��days aiurthe due dats thenaf w oaver�thae� <br />��� :... -- , • . <br />— . ; g:, i.., :. . . _ <br />_ .espet�sa inv�8�zn i�¢�fu�detir�q��aymenta,but such°tate charge"sAa11 not be psyable out ai tTto <br /> �.�,� � . - ��s d£r�s�ie sc��,tei.�tisfg tP�cadebtedness secured heroby.un3ess such proceeds are sufticien�tn . <br /> ; . � �^^:.J�arge�t�ieinde�t�,�jf�as�d�4E�rioPercosmandespensESeecuredhenebp. , ,. , <br /> _ � :'� .':, .�ff€JARA1�=4'�inuid the DepartmeaGa�Veterans Afiairs fail os reftr�e to issua its guarentq it►Eull antous►t .,, <br /> � • ' latdthin 60 c�'4rom the date that this�,!",�a would nmmally bevome eii ble for such guarsatg eommitted� ���"^- <br /> .. �.. ' �g� :;,�E; <br /> ,. '.` ....::...:.: .' �.,^t�.b�theDepartment of Veterens.�f�airs under tha provisians of Titte 38 oY tAe U.S:�3'�:"V�teran$ �;`F' <br /> � "-�` ,i•;�,.,. �. , <br /> I. <<>�.�, ,�rr�ts,.tlte Mortgagee may d�clare t4se indebtedn�ss hereby aecured at once dae and'jp��ti��attt}=.�. ' , <br /> ;..;..... <br /> :�,�;;::�°'� •f�ar+�dosa immediately or may eYercise any other ri�ht5 hereunder or take any otl�er pmper acpon�s' :b�;: . <br /> - rr c. �'�zaied. -��:;.:; . <br /> � : . .:: ta TI;ANSF�:t�THE P�aPERTY: If aU or any part of the Property or any interzst in it is soJd or ,. <br /> >�.. �'' tran.derr�e�i ts'si'ts'�oan may be de�tared immediately due and payable upon tranafer("essumption"}af.tiie �'.',�,;. <br /> ``�. � " � Property�ris�;�;such loan to any transferee("assucner'),unless the a«x�tabili af the s�m tion and' ,:�.: <br /> . ty p ;�.,.,,. <br /> ' � t�a�sfetof tfs.�fY�is.�.tlished by the�rtment ot Veterans Affairs or�ts suthorized agentpursuantto .�- <br />-_, � - �ection3714oft�:aptet�T'�itle38.United tatesGiii�. �:,.', <br /> ..jc:"�, < An authorize3 ttansfer�('�a�svmption")of the pra�`�shall also be subject to additional covenants aad � ;:,•�;. _ <br /> - , :� agreementsassetfotthbelow: ^::,•` <br /> _ �5��,. , . �;;:. <br /> ��'��.:� . ' (a)ASSUMPTION�LINDING kE�.�i fee equal m one-halt of l percent(.50%�of the ua�si,d tincipal �j;" <br />__ �n�r...,." . ..:i. .� r. .. <br /> r ,balance o s oan as o e a� er oi tihe��roperty shaii be payable at the time of,�er to the <br /> " ',``�.' ' ;;%{�,vts,'`;.•�._ �' i��rtgagaeoritsanthorizeda,�ent.astru�teefortl7��artmentAfVeteransAffaits.Iftha.assuiiterfail�W � <br /> { „�'�, .. �y this iaa at the time of ti•ansfet.the fee shall eair..�t�atean additional de6t to that alreadp secured bp ti?� <br /> <<�i . <br /> �����',.,� �'''- � gee <br /> �nstrument��.hall bear inter�st at the rate herein provided�aad, at the option of the mortga ot tt�.re � __ <br /> �r,��;- :' � indebtedr�1§ereby secured or any transferee ther�of.shalt•bs:'r.mmediately dae aad payable.This fee is � , „ <br />- _ +�'� �, , automatica���waivediftheassumerisegemptundertheprovis?u.�af38U.S.C.3T29(b). ,�;,., <br /> � ON PROCESSING CHARGE;U n ap licotion fora rav$1 to allow assumption a�,. ' -� ,M.'�°' <br /> �a«-• (b)ASSUMP�TI Po P PP �?;:r�,:. •� ;•z�- <br /> � :;.�i`;,��,5;;�; `. transier o s oan. a process�ng ee may c arged by the mort�agee or its autharized agent�'�a'� . .�.u ;;�._ •.;.,.f;;;;; <br /> :� ' determining tize creditcvorthiness ot the assumer and subsequentty revismg the holder's ownetship t+eatr� ;. '_'•;�t,�.`:��'� � , <br /> �;t. � � . • ' when an appsoved transfer is cvmpleted.TAe amount of this charge shall not exceed tJ��lesser of t�r�'' .t�;�., :_ �... �.� � <br /> ';���: �:, ��"' maaimum established by the DeQartmentof Veterans Attairsfos a loan to which Sectian 37x4°a�Chap�e�37.. . <br /> �`" �-•: .. Tit1e38,UnitedStatesCodeapplsesoranymaximumprescribedbyapplicableStatelaw. . . ,• ,- ` �• <br /> f ' •� .� (c)ASSUMPTION 1NDEMNITY LIABIL1Tlf:lt this abligation is a�'sumed,then the s.�met l�r..Lj�' '- <br /> ' •� . _ . agreestoas3ume o eo �ga conso eve eranunderthetermsoftheinstrumentscreatingands�.vbs"�}� ',. <br /> � the loan,including the obligation of ttxe veteran to indemnity the Department of Veteranfi Affairs tr�tLr: �• ' . <br /> � eatent ot any claim payment arising�nim the guaranty or insuc�ance of the indabtednes��ted tsq;titia 7�. - <br /> '��j', . • insttutrs�tr ; , ; <br /> �'�`' trn�3T1'��i��UHERFAF.Bonow�;J�has executed this V.�..�ti�ranteed Loan and AsS�mnw�n Policy " <br /> , . . .. : R�idr�: . . ' .. � . . , . <br /> _ :�. . . � , � . �. . , r i <br /> ; ;: . :m?.a�.l���, .-�. ";�1.�:� <br /> ° .:�:. ; .. � .. .. , �, ,• <br /> �-� . �jr� -Iiorrowet T11�T�tA $ � -Borrower <br /> � • - : _ , <br /> ; • •. . <br /> � '� i' <br /> :` -�#, . - • •$urrower -6orroaer � '... <br /> , . � <br /> - - - - - V.� Q1T1h1A51TF.�B� i�'J1�41 AND ASSUMPT�ON POIICY RIDER 8/9Z ' .. <br />� . , ', , �580�azem� YMA MORTQAGE iORMS•u�at�a-a�oo•tsooi9sr�zat• � <br /> : , , .. � � <br /> �:�'- --.---_ � �1���44YU����� [ <br /> . • <br /> :. . .. <br /> _ _, . _, __ _ t---..-_.-- <br /> �' • . , ' . <br />