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200302951 17. A fee equal to one -half of 1 percent of the balance of this loan as of the dale of transfer of the property shall be payable to the at the time of transfer to the loan holder or its authorized agent, as trustee for the Department of Veterans Affairs. If the assumer fails to pay this fee at the time of transfen the fee shall constitute an additional debt to that already secured by this instrument and shall bear interest at the note herein provided, and, at the option of the payee of the indebtedness hereby secured or any transferee thereof, shall be immediately due and payable. This fee is automatically waived tribe assumer is exempt under the provisions of 38 U.S.C. 3729(b). 18. Upon application for approval to allow assumption of this [oan, a processing fee may be charged by the loan holder or its authorized agent fur determining the creditworthiness ofthe assumer and subsequently revising the holder's ownership records when an approved transfer is completed. The amount of this charge shall not exceed the maximum established by the Department of Veterans Affairs for a loan to which sections 3714 oEempter 37, title 3g, United States Code applies. 19. If this obligation is assumed, then the assumer hereby agrees to assume all of the obligations ofthe veteran under the terms of the instruments creating and securing the lout The assumer further agrees to Indemnify the Department of Veterans Affairs to the extent of any claim payment raising from the guaranty or insurance ofthe indebtedness created by this instrument. The covenants herein contained shall bind, and the benefits and advantages shall inure to, the respective heirs, executors, administrators, successors and assigns offl a parties hereto. Whenever used, the singular number shall include the plural, the plum] the singular, and the use of any gender shall be applicable to all genders, and the term "Mortgagee" shall include any payee of the indebtedness hereby secured or any transferee thereof whether by operation of law or otherwise. The foregoing conditions, all and singular, being performed according to their natural and legal import, this conveyance shall be void and said premises released at the expense ofthe Mortgagor; otherwise to be and remain in full force and effect. IN WITNESS WHEREOF, the Mortgagor has written hereunto set his hand.dfe day and year fir hove. .�C �' In Presence of ...r......_< .............. .. �°i.r..... — ............... tanAq Lonnie L. Clark 1atiALl IseAy STATE OF NEBRASKA ) )s's COUNTY OF HALL. ) On this 13th day o f March, 2003, before me, Janice K. BOehie a Notary Public in and for said County, personally came Lonnie L. Clark, a single person, personally to me known to be the identical person whose name is affixed to the above and foregoing instrument as Morlgagon and has acknowledged the said Instrument and the execution thereofto he his voluntary act and deed, for the purposes therein expressed. In testimony wh have hereunto set my hand and affixed my notarial seal at Grand Island on the day and date last above written. A L NOTARY -Slate of Nebraska JANICE N. BOEHEE My Comm. Exp. March 27, 2005 My commission expires Notary To March 27, 2005 5 " � � z Q a ° lD LU N ¢i .o � > > W Z 177 O r" r,. ~is Z a ° ° -Op, LL O O V ¢ ,� ry- W h w a C) t Z uF.t C fql Q7 zQZ�u z ,� e 'x 3