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<br /> -�-- � ��95-`1���� APPL1k 301-sos��a��
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<br /> � V.A.GUAR�1►NTEED I.OAN A1�1D A39UMPTI�IN FOLICX NILIER
<br /> �"- N�TYCE: THYS LO.�N IS �N P�ATS�U�N[,T,�F,��,��I�S
<br /> ----- THE APP1tOV�iL UF THE
<br />- -_-- --=--� �AY�S �R I�'� A�J'T'��R;�1t� A�E 'I`. � --.
<br /> „� TFIIS V.A.OUARAMBBn LAAN A1VD ASSUN�'IfON POLICY RIDBR ls mmaide this 3a� day ot �
<br /> - auxs � i�95 .end i�lnc�poaated into aad slul!bo doctr�od to ama�d ead supplr�na�t tua
<br /> _ :�;,. - Moitgago. Deefl of'i'nsst or poed to Secum Debt(tKCein ••Security Inmumeat") d�ted of even date herowlth,
<br />- T.".�s�''� glvea by the tu�deraigned(he=ein��Boirowes")ta saure Bonower's Note W
<br /> _-�;��9 -_
<br /> --�_=��'�-°�'�.-� HOMB PEDERAT� AAVIH48 & IA�1N � ��
<br /> �__�r;���
<br /> --- w:��:, and cover�ng We Pcoperty desaibed in the Sccuriry Instcvmeitt and locatal ai
<br /> -'-��`°•�. aoa w�sT aarin s�T
<br /> rlc�".."v'+:ys;l.ir. .
<br />-`;���.���rr dRAND ISLAND• NL�BR313XA 68801 ---
<br /> �t�;----- (propetty Addret�)
<br /> --'�`�1��=`-i'• V.A. (3UARAPTPBSD LOAN COVBNANf: In addtdon W tbe CoveaBnts ettd e�eemeuts made in tho SOCtuily ---
<br />-.�-�;�-:.. . .+� . Iasuument,Bonower end Leader furtlter ouvenant and egree as follow� "
<br /> .-,��";�"- � If the 3ndebtedness seGUOd hereby be gusreutad or Insucad w�der '�tle 38�Ur�ted States Code.such Tifle aad
<br /> �_;,•:.. ,.. ,: �';• Regulatiuns issued thaeander and in e�ect on tlie datie heaeof shall govem We right�.duties end iiabWBes of
<br /> „ Bamower and Leader.Any provisions of the Securlty Inshumeat or other insuumeasa executed in conaxdon wIth
<br />-: '� »: ° ����= said indebudness ahicd am inconsiscent with seid TItle or Itegulat[m�s�including�but aot limitr.d m.tbe provLgion
<br /> for payment of any sum in wnneqion with prepaymer�t of the se�urod indebtedness ead the pmvision tdai the
<br />. ,.-:,;��,•• Leaider may ea�lerate paymeat of the socured 3ndebtodaess pwsuant to Coveaazit I?af the Sxauiry Iastruraent,ere —
<br /> ;.�,�,s, he�by arnended or negated to the extent aecessarp w cond'om�s�ch insuumeata m sa��Ticle or RegWattous. _
<br /> :, .,
<br /> � :;;,�. LATB CHARCiB:At Lender's opdon.Bonower wUl ay a"law charge" aot eacce�tn8 four per oeuaun<�`tb)of
<br /> ' .s the averdue payatent whea paid more than fifteer�(1�days afGer the due date thereof to covar the extra e�cpense
<br /> „ -,. involved in handling dalinquent payments,but s�ch"late charge••she1L aot be payable out of the of aay �-
<br /> sale made to sadsfy the IndebLedness secured hemby�anless s�c h proceacls ere aufficlent to e the endro
<br /> -� � indebtedness and all proper costs and expenses secu�ed t�eccbp. ,
<br /> .. . GUARANTY:Should thc Depanraer►t of Vetetans Affa�rs fail or refuse w issue its guetaaty in fu11 an►ount aritt�a
<br /> ° �� •� ' " 60 days fmm the date thet this loau would nom4ally become eli�le for such gnarant�+com�aitted upon by the
<br /> � ., ^ Departraent of Vete�ana Affairs under thoprovistone of Title 8 of the U.S. Cc�de 'Veoerans HemeSte;' the --
<br /> . ;,� 1Viortgagee may declare itw indebtedness here b y secured at once due and payable and may foreclosa lmmediately or _ .
<br /> �'�St:, —
<br /> , �:�`:.1+�•.'� ,: may exercise any other rights fisteunder or take eny other proper acflon as by law pmv3ded. �,
<br /> ' TRANSFfiR OF TF�PROPBR'T'Y:If ell or any of the Property or any interest�n it is sold or uansferrod.this ��_
<br /> " loan may be declared immediaiely due and pa Ie upon transfer(��assumptton") of the property securing such t��z
<br /> � loan w any teansferee ('�assmnes"). unless the ecceptabillry of the assumptioa and transfer of this laan is ---
<br /> • establlshed by the Deparnnent of Veterans Affalrs or its autharized agenc pursuant Uo Secdon 3T14 of Chapter 37. .
<br /> Tide 38.United Smtes Cado. ""
<br /> , �. An authorized transfer(••essumpdon")af the property shall also be subject w addidonal wvenents and agrcements
<br /> as set forth below:
<br /> � (a)A���'�ON F(INDINti FBB:A feeequal to one-half of 1 percea►t(.50%)of the unpaid balance of this
<br /> ;,�-r:,. ; loan as of the date of transfer of the property shall be payeblo at the time of uaasfer to the martgagce or its ..
<br /> .,,�:`;�.,:,> ` suthosized agent,es trustee foe the eDepartatent of Vcterans Affaits.If the assumer fails w pay this fee at the dme af
<br /> . _ uausfer.the fee shaU ccrosdwte en ddidonat debt to that ulready secured by ttds instsunaent,shall bcar interest at the ,.
<br /> rate hereln provlded.and, at tlie option of the mortgagee of the indebtedness hereby secured or aay uansferee
<br />� -,,. ... _ . . thereof,shall ba immediately due end payAble.This fee is sutomatically waived if the assumer�S exempt under the
<br /> provisions of 38 U.S.C.3729(c). ��
<br /> ,��,
<br /> (b) ASSi1N�'!'ION PROCFSSIIVd CHAROfi: Upon applicadon for approval to atlow assump�on and '
<br /> �� � transfer of th loan.a prace,�sing fee may be charg by the mortgagce or its authorized agent for determining the
<br /> croditworthiness of the assuma and subsequendy revlsing the holder's ownership records when an approve�
<br /> " � uansfer is campleied. The emount of this cherge shall not exceed the lesser of the msuimum esablisl�ed bY the
<br /> Departntent of Vete:ans Affairs for a loan w which SoctFon 3714 of Chapter 37�Tide 38. United States Code
<br /> ;+i:;�� ., . appfl�or etty mauimum presCiibed by appllcahle State law.
<br /> ,:
<br /> (c)ASSUN�'TION II�iD�1VIIVTCY LIABILTTY:If this abligatinn is assumed, then the assumer hereby agroes
<br /> to assume all of the ob gations of the veteraci undex the oera�s of the instrumeats cceatin8 and securing the laan.
<br /> �� including the obiigadon of tha vetscan to indemnifv the Depactment of Ve,terans Affeirs to the oxtont of any clsim
<br />` � payment adsing from the guaranty or insuranas of t6e indebtedness create�i by this insuument I
<br /> IM WI'['NBSS WI-�REOF,Borrower(s)ha9 executed this Y.A.Gusiar►teed Loan and Assumption Policy Rider. �
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<br /> ' ' TBRRY ORR •Horrower VIRC3IN C ORR •Borrower ;
<br /> ' . •Bormwer •Borrower
<br /> V.A.OUARANTEED LOAN ANp �
<br /> • �•°y : ':; A88UYPTIOM POL�CY NID�R I I
<br /> : ' . '� , � .: �YMP NORTaA6�hpqM6•18001621.1�8 5l94 �l�����III�II��IIII�I�II�`I�III����
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