200804771 - Laserfiche WebLink

Browse

200804771 VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. THIS VA GUARANTEED LOAN AND ASSUMPTION PQICY RIDER is made this 2nd day of June 2008 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Deed to Secure Debt (herein "Security Instrument") dated of even date herewi th, given by the undersigned (herein "Borrowe r") to secure Borrower's Note to TierOne Bank (herein "Lender") and covering the Property described in the Security Instrument and located at 1425 N HANCOCK AVE Grand Island, NE 68803-2533 [Property Address] VA GUARANTEED LOAN COVENANT: In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: If the indebtedness secured hereby be guaranteed or insured under Title 38, United States Code, such Title and Regulations issued thereunder and in effect on the date hereof shall govern the rights, duties and liabilities of Borrower and Lender. Any provisions of the Security Instrument or other instruments executed in connection wi th said indebtedness whic hare inconsistent wit h said Title or Regulations, including, but not limited to, the provision for payment of any sum in connection wi th prepayment of the secured indebtedness and the provision that the Lender may accelerate payment of the secured indebtedness pursuant to Covenant 18 of the Security Instrument, are hereby amended or negated to the extent necessary to conform such instruments to said Title or Regulations. 0130280706 MULTISTATE VA GUARANTEED lOAN AND ASSUMPTION POUCY RIDER Wolters Kluwe r Financial Services VM P@-S38R (0405).01 10/03 Page 1 of 3 Initials: Jje