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<br /> ="�.�_._�:�._;�' : giren by the und�rsIgn�d therein'•13�norr�r"��A BCCl�TC I�itOWCt�6 RSSEC In
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<br /> NIIR�fE�T MORTGAOE, iNC.
<br /> }-,�+�r{ . , , ticere6�►"l,ettdcr") :. .
<br />------ --=�;� and covcrtng ttie Progerty dessNbed ia the Sccurtty i�reutt�ant nrd t�ted nt ,
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<br />_-=�.='=,-=,�3�..-;; 2324 VTKINt3 ROAD, tiRAND II&LA►rlD� N�DRAE�itp l��dU� .
<br /> ,��-�-tr�� ' ' (proGcnY AdCres�D ,
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<br /> '�'� V.A.dUARANTEED IAAN�f)VEIVANT:In addlttonto thecoottlaifl9 aRd 2gtLria�t�tn�d�tt��he Ssco ty . � -
<br /> �"`�.�t� inscrum�nt;Borrower and Lcnder funher covcnant anG egrcc as feftnwe: ' , �
<br /> --=`�':-Y:�=�=��� If t8e indebtecl�ss sgcwred hereby be gu�rar►teed nr insured unGct Ttt4e�8�tdnited States�;ade�eu:h Titlo
<br />�r.,�;`,j�:;,��;: snd Reg�taitons issued thereunder and ineffece ae the¢ate h.creoi6hnl{govrm the eigl»s.dutics anU liab!lluea
<br /> � � - � oY Borrower a�d LendCr.My pravisIoas otc3cc 5ecuritY iastrumcat or nther ins�rum�nta cxe�uted in conn�vn
<br /> � � with said indebtedaess wh1cB�are inconsisteat with eaid Tittc ar Regula�lans. Inctuding�but not limtted ta,
<br />���n=��a����•�` ' t6e prov�isIon for payment of any sum in connectfon�vith pr�paymttnt aY the se�utcd Ic�del�tedness ottd th� ,
<br /> �:, ��:_,
<br />`-` '"'�"'"°'`� ; provision that the Lender miay accelerace paymenc of the secured Indt�dcdnoss pnrsn�ant ta Covenans.!7 oY
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<br />-_:L<<�;•�;{�-<,�_� the Security Insttument.are hereby arnended or negated tn the extcQt nse�ssary tu cflnform�uch i�tstvuments,
<br /> '���.�-•—.; • to eaid Ttd:or RegutatloAS. . . . —
<br /> �%`:�-.��.G�`� � ' LATE CHARaE:At Lender's aptIon,Bonawer witl pay a"iatc charg�"aot�xsceding�aur per ccntum�4�a) , � _
<br /> ::Y.�-,� .-�����` • of the overd�e payment when paid more than�ifteen(iS)�aya after che dua dat�thsrE�P to cover tlha cxaro • _ _ _
<br /> � `�� � expense involved in F�andllng delinquent paym�ents.but such"late ci�ege"ahali not bo ,�aya6le out ot tha
<br /> ;�- �'.� praceeds of any sale made to satisfy the inde6te�iaess secured hereby,unle:9 such procecds arn sui'i�cicnt to
<br /> �� " � dischat�e the entire indebtedness and ali Droper costs and expenses sesured hcreby. ,
<br /> � � �UAItANTY:Shoutd[h:Dapanment of Veterans Affairs fail or refuse co issue its guArwity in fudl atnnuyn _
<br /> '� °-��c'::�-:�` �� within 60 days from the dace cbat thls toan«-oufld normally become eligi6lp for such gunramy committcd uDon ����'-
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<br /> by che Department of Veterans Affa[rs under the provIsions of Titte 38 of the U.S.Cade'Wctcfana iicncf ia�." ��__
<br /> -`�=.;'�'.'" � the Mortgagee may dcclare the inde6tedness hereby secured at once due natd payabte anQ moy forccic�a
<br /> -�.:,-�:::_�. . . —
<br /> - � � �r- ommediately or may exerctse any other dghu hereunder or take uny other prnptr uctton us by(aw pruvidcd. �
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<br /> . .;- -; .- �:��;:-
<br /> - •��._,;..... . TRANSFER OF'i'l�YE PROPBI�TY:[f all or any part of the Praperty or any interest in it is 6otd or trangfetecct, _
<br /> F��'�'f� ��� � this loam may be d�clared immed�ateiy due and payable upvn aansfer("assumption")oF the yroperty sccuring -
<br /> � y�.� . .
<br /> ;_.�,:. -- •- such loan ta any transferee('•assumer")�unless the acceptabfttty af the assumptton and transfcr of this loan
<br /> - .='�°:�.{"=��'"' is estublished by the Depattmehl oP Vetetans Affaira ur ita authorized aBent pursuant to Seciion 3714 ot Chapier .
<br /> _:� 37.Tttle 38. United States Code. ' `
<br /> = -""�_�" �'`-� An autharized tsansfer ("assumption")of the propeny shall elso be subject to additionn) covenanta and � �-''f�
<br /> ,"��n ' � 8gIC2mC�t8 8S ECt fOrth bBIOW:
<br /> �a� � �pING��:A feeequal to one-halP of 1 percent(.50�'0)of the�npaid�tincipal r,;�,�
<br /> � � ' � balance of t s toan as o the date of transfer of tb;Drdperty shall b�payabte at thc timc oY tranalcr to the ---
<br /> �:.��' : � mortgagee or its authorizcd agent,as trustee for the OcDanment of Veterans Affaite.if the usgumct Patis to `��,,,,�.,__
<br /> ':.:,�,--_
<br />,_� �,:, . . pay this fee at the Nme of cransfer�the fee shall canstitute an addltionsil dcbs to that nlready sstured by this � _
<br /> � instnuaent�shaU bzar interest at the rate berein provided.and.at thc option of thc mortgngee uf thc lndcbtcdness t �
<br /> , . � " hereby secured or any transferee therea f.s h a l l be imme d la ce ly dne an d D a y a b l e.T h i s f e e I s a u t o m n d c u�l y�v A t�¢Q ���.
<br /> � .. • �'��;; iP t he assnmer Is exerrip t un de r t h e p r o v 1 s i o n 3 o f 3 8 U.S.C. 3 7 2 9(b). :-� ����.
<br /> ^ ' � � R(3 •Upon application for npDrovt�l to nllow ossumpttan and •
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<br />^� � ' ' t r a n s f e�r o t i s[o a n�a p r o c e s s i n g f e e m a y b e c o r g e d b y t h e m o n g a g e e o r it a authorised a gent for dctcrminind • ..
<br /> :;, ��:�,•:�� `� . the creditworthines.s of�he assutner and subsequently revising the hotder's o�vnership records when nn approvcd _ �
<br /> '�•�'- �� transfer is completed.The amount of ehis charge shall not exceed the lesser ot the maximum estobiiehc d by �
<br />- ,� ,�:::.,. . . . . .
<br /> °=`�' `°��'�'='� � the Department of Veteruns Affalrs for a loan to which Section 3714 of ChaDter 3'f.Titie 38.United Stntc+ .
<br />-:;�r.��'l�',�`;�'::..- . Code applies or any maximum prescribed by applicable 5tute low. :
<br /> .....,,.,t.. . ...: . .
<br /> �°�`""�'` � (c) ��-SUM�o IND�M� ' I�@�L�YY:lf this obliguNon is assumed.then�hc nssumc�hcrcby .
<br /> �,.:... . . ,
<br /> -��:�`:��.`�:>. =. � agree�to assume aIi of t e obi ga ons of ehe veteran undet the tcrms of the instruments crcating nnd eccurinII
<br /> -,�:... ..z:,,�:. . :
<br />---���•��,,��;.; •,��� the loan�inctuding the oblig�tion of the veteran to indemniEy the Depastment ot Vc�crans AiPairs to thc eatcnt .
<br />=:�x+,i�';Ii��;:;��... . .� of any claim payment adsing from the guaranty or insurance of the indcbtedness creatcd by this instnomcnt. , .
<br /> ����5'�Y�''X ��� � �I1V WITNESS WHEREOF.Borrower s)hus executed thi9 V.A.Guaranteed l.aan nrtd Assumptiorr Policy Ktdrr. � ,.
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<br />'=`.`�''�';';!`'^ '` .eorrowcr RO�F_RtA CAR� $ ULT x� 'nrrnucr � ' � •
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