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<br />200902967 <br /> <br />V.A. GUARANTEED LOAN AND ASSUMPTION POLICY RIDER <br /> <br />NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPRO V AL OF THE <br />DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. <br /> <br />STACY <br />Loan #: 450906742 <br />MIN:100681804509067426 <br />C~e#:34"34.6.0176094 <br /> <br />THIS VA GUARANTEED LOAN AND ASSUMPTION POLlCY RIDER is made this 15TH day of <br />APRIL, 2009, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed <br />of Trust, or Deed to Secure Debt (herein "Security Instrument") dated of even date herewith, given by the <br />undersigned (herein "Borrower") to secure Borrower's Note to CENTRAL NATIONAL BANK (herein <br />"Lender") and covering the property described in the Security Instrument and located at 2509 LAMAR <br />AVE, GRAND ISLAND, NE 68803 (Property Address). <br /> <br />V.A. GUARANTEED LOAN COVENANT: In addition to the covenants and agreements made in the <br />Security Instrument, Borrower and Lender further covenant and agree as follows: <br />If the indebtedness secured hereby be guaranteed or insured under Title 38, United States Code, such Title <br />and Regulations issued thereunder and in effect on the date hereof shall govern the rights, duties and <br />liabilities of Borrower and Lender. Any provisions of the Security Instrument or other instruments executed <br />in connection with said indebtedness which are inconsistent with said Title or Regulations, including, but not <br />limited to, the provision for payment of any sum in connection with prepayment of the secured indebtedness <br />and the provision that the Lender may accelerate payment of the secured indebtedness pursuant to Covenant <br />18 of the Security Instrument, are hereby amended or negated to the extent necessary to conform such <br />instruments to said Title or Regulations. <br /> <br />LATE CHARGE: At Lender's option, Borrower will pay a "late charge" not exceeding four percent (4%) of <br />the overdue payment when paid more than fifteen (15) days after the due date thereof to cover the extra <br />expense involved in handling delinquent payments, but such "late charge" shall not be payable out of the <br />proceeds of any sale made to satisfY the indebtedness secured hereby, unless such proceeds are sufficient to <br /> <br />VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER <br />@:> 53.1 Page 1 of 2 <br /> <br />-V(7 <br />~ <br />