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<br />200808804 <br /> <br />V.A. GUARANTEED LOAN AND ASSUMPTION POLICY RIDER <br /> <br />NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE <br />DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. <br /> <br />WING <br />Loan #: 4049504390 <br />~rrN: 100046900001036131 <br />Ca.e#: 34-34-6-0174265 <br /> <br />THIS V,A. GIJARANTILED L()AN AND ASSUMPTION POLICY RIDER is made this 24TH day of <br />SEPTEMBER, 2008, and is incOlvorated into and shall be deemed to amend and supplement the Mortgage, <br />Deed of Trust, or Deed to Secure Debt (herein "Security Instrument") dated of cven date herewith, given by <br />the undcrsigned (herein "l3orro\\'er") to secure Borrower's Note to AMERICAN STERLING BANK, A <br />MISSOURI CORPORATION (herein "Lender") and covering the property dcseribed in the Security <br />Instrument and localed at 237 NORTH PARR AVENUE, GRAND ISLAND, NE 68803 (Property Address), <br /> <br />V.A. GUARANTEED LOAN COVENANT: In uddition to the covenants and agreements made in the <br />Seeuritv Instrument Borrower and Lender further covenant and agree as follows: <br />If the indebtcdness secured hereby be guaranteed or insured undcr Title 38, United States Code, such Tille <br />and Regulations issued thercunder and in dTed on the dale hereof shall govern the rights. duties and <br />liabilities of Borrower amI Lender. Any provisions of the Security Instrument or other instruments executed <br />in connection with said indebtedness which arc inconsislent with said Title or Regulations, including, but not <br />limiled to, the provision for payment of any sum in connection with prepayment of the secured indebtedness <br />and tlw provision that the Lender mav aceelerate payment oUhe secured indebtedness pursuant to Covenant <br />I R of the Security' Instrument, arc hereby amended or ncgatcd to the extent necessary to conform such <br />instrumcnts to said Title or Regulations, <br /> <br />LA TE CHARGE: At I ,ender's option, BOITower will pay a "late charge" not exceeding four percent (4%) of <br />the overdue payment when paid more than fifteen (IS) days aftcr the due date thereof to eover the c:\lra <br />expense involved in handling delinquent puyments, but sueh "late charge" shall not be pm'able out of the <br />procceds of uny sale made to satisfy the indebtedness seeured hereby, unless sueh proceeds ure sufficient to <br /> <br />VA GUARANTEED LOAN I\ND ASSUI\IPTION POI.ICY RmER <br />~I 5:;. 1 Pag~ 1 of 2 <br />