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<br /> :`-;r-:r�� :• . RIDER'[�.MORT�d1GE���D OLr T�tUS'�1f�! •�� ---
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<br /> .� , . � ; This rlder setppternents�anfl amends the mortgage/deed o! t�ust�of evees date herewith by � ��—_
<br /> ' and tsetween Columbus Federa! Savings Bank as mortgagee/beneficiar� and � _ —
<br /> , � . . ' , ~ , ,.,�. as��eortgagors grantors.: his ri er.i� ir�carporated in_at�d b� . �--__�-J�
<br /> ` --�{ �� refec�nce mad2 .a Fart c� �� aforesald mortg�ge�dced of tr�st, as' fa!lQws: � . _ __
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<br /> ---"-�'.."�•'� ' loan Is immedlatel . due and payabie upon transter�af the propert�
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<br /> . -� `:=��• securlag such Ioan ta� any transieree. Unless ttie acceptability of the —
<br />`!:_M�z�;;�_,-,x;:.�; �� � assumptIon of the loarr is established purs,uant to Section 181TA oi Chapter .
<br /> l�'�'���=��� � . 37, Tltle 38, Uniteci State`s Code. , , _
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<br /> - A : A tee equal to one-halt of 1 percent of thc bnlartce qf ehis lvan as of Uic , _�
<br /> ���-`k'``��- �"� date of transger of the propecty shal1 be payable ac� tlie time of transier =-
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<br />= .. ,,.. . of the property to Columbus Federaf Savings Bant< or its authorized agent,
<br /> - . .`,;,.�,.` •• � as t�ustee fo� the Adminlstrator oi Veterans Atfairs. U the assumer falls -
<br /> � . to pay 4hIs iee• at the time oi transier, tl�e Iee shall constttute an
<br />_-ri��� : ' additIonat debt to t9iat already secured by this [nstrument, shall bear �_-----
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<br /> v� .,. . • -�-In3erest��-at�-the��rate�-herein--provlded,-and;--�at---the-optlon--oi-Co um us --.. -- -- -... -----------
<br /> � ' � Federal Savings Bank hereby secu�ed ar any transte�ee thereof, shal! be ' _=--
<br /> � Imm�dlately. due and payable: This fee Is automatically waived if the . -�=_
<br /> assumer Is exempt under the provisions o! 38 U. S. C. 1829(B). �
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<br /> � . ��� ��°� -� � Upon appllcation for approval to allow assumption oi this loan, a ��",��
<br /> . pracessing fee may be charged by Columbus Federa! Savings Bank or its �'�'�_
<br /> = � authorized agent for determining the creditworthiness of the assumer and ��,:
<br /> �, subsequently revis's�� ownershjp records• when an app�overl transicr is {�� `
<br /> '� . �' eompleted. The ass►ount of this charge shal! not exceed the maximum , '�'�
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<br /> " ` established by the Veterans' Administrats�n for a loan to whi�h Secteon .
<br /> - . •: -�;�- � 1817A of Chapter 37, Tltle 38, United States Code applies.
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<br /> . � .:`,<`.� � if this obligation.is assumed, then the asswncr hereby agrees to assume all _�.'.~.
<br /> ,<r.�";:i;:i..'.� ,''% Of the obligatlons of the Veteran under the terms of the instruments ,� "" '�-
<br /> � ' c�eating and securing the loan, incluaing tlie obligation ot the Veteran to .
<br />` .. ;�:�;;;�;� � indemnlfy the Veterans' Administration to thc extent of any ciaim ., ,
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<br /> .;,:�.,�,,��w�:, : payment arysing #rom the guaranty or insur�nce o[ the indebtedncss _
<br /> �.� �` created by this l�nstcument. ��°_.=
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<br />�`>-�.�=:�'::` �.. � ' �N 1VITNE55 NHER�OF, MORTG�IG�RS/GRANT�ItS tIAVL• CXCCUTCD 7HIS lt?DEIZ ��;-��_
<br /> � �� ', Ti-I1S 29th DAY OF Dec�ber _ ► �`'�94 " �:�����:-.
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<br /> � ,�t�� • S g ed Sealed arid Dellvered in the prescnce o( � � ��
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<br /> � ROBEATA L REEO
<br /> - . � �. M/Comm.Erp JLy3D 1995 � . .
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