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<br />200602880 <br /> <br />Loan Number: 0501026440 <br />Case NUmber: 34-34-6-0169874 <br />VA ASSUMPTION POLICY RIDER <br /> <br />TillS LOAN IS NOT ASSUMABLE <br />WITHOUT THE APPROV AL OF THE <br />DEPARTMENT OF VETERANS AFFAIRS <br />OR ITS AUTHORIZED AGENT <br /> <br />THIS ASSUMPTION POLICY RIDER is made this 31st day of MARCH 2006 <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed <br />to Secure Debt ("Instrument") of the same date herewith, given by the undersigned ("Mortgagor") to secure <br />the Mortgagor's Note ("Note") of the same date to EQUITABLE MORTGAGE OF <br />NEBRASKA, INC. <br />("Mortgagee") and covering the property described in the Instrument and located at: <br /> <br />3032 COLLEGE STREET, GRAND ISLAND, NEBRASKA 68803 <br />(Property Address) <br /> <br />Notwithstanding anything to the contrary set forth in the Instrument, Mortgagee and Mortgagor hereby <br />acknowledges and agrees to the following: <br /> <br />GUARANTY: Should the Department of Veterans Affairs fail or refuse to issue its guaranty in full amount <br />within 60 days from the date that this loan would normally become eligible for such guaranty committed <br />upon by the Department of Veterans Affairs under the provisions of Title 38 of the U.S. Code "Veterans <br />Benefits", the Mortgagee may declare the indebtedness hereby secured at once due and payable and may <br />foreclose immediately or may exercise any other rights hereunder or take any other proper action as by law <br />provided. <br /> <br />TRANSFER OF THE PROPERTY: If all or any part of the Property or any interest in it is sold or <br />transferred, this loan shall be immediately due and payable upon transfer ("assumption") of the property <br />securing such loan to any transferee ("assumer"), unless the acceptability of the assumption and transfer of <br />this loan is established by the Department of Veterans Affairs or its authorized agent pursuant to section 3714 <br />of Chapter 37, Title 38, United States Code. <br /> <br />An authorized transfer ("assumption") of the property shall also be subject to additional covenants and <br />agreements as set forth below: <br /> <br />VA ASSUMPTION POLICY RIDER <br /> <br />Page 1 of 2 <br /> <br />DocMagic ei'0-:rJlJi!D@ 800-649-1362 <br />www.docmagic.com <br /> <br />It- <br /> <br />Vaprll.rdr <br />