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<br /> ` _ N�'ICE:T�IS L�Ale1 LS NAT ASSUMABL��VT[H��JT T�APPROVAL OF � — -
<br /> �D�A�R'���F�CTF,�ANS�F�tS OR I'I'�At1�i0RIZED AGENT. �-
<br /> THIS V.A.GUARAPITfiED LOAN AND ASSUINP7'ION POLICY RIDER is made this lOth day �
<br />�.` of January , 1996 ,IInd is iucorporated into and skall be deemed[o araeAd and suppiement =
<br /> the Mortgage,Deed of Trost or De�d to Secure Debi(hemin"Security Instrumeat")dated of even date hemwith, _
<br /> given by the undersigned(herein "Borrower")to sezure Borrower's Note to -
<br /> � Noswest �ortgage. Inc (herein"Lender") ,
<br /> and covering the Property described in the Security Instniment and located at -
<br />,...�: -
<br /> 1021 Weat lst Street Grand Island, NE 68801 -
<br /> (Property Addras) _
<br /> V.1�.GUARAI�'PEED LOAN COVENANT:Ia addition to the covenants and a�eements made in the 3ecurity =
<br /> Iu..a�ment,Borrower and Lender further covenant and agree as fotlows:
<br /> . f.�'r,�indebi�dness secured hereby be�aranteed or instued mtder T'rtle 38,United States Code.such 7'Itl� _
<br /> �3!i�..�gntations i€sued thereunder aud in effect on the date hereaf shall goyem the ci,�hts.duties and liabiiitl�s
<br /> Qf .ffi�rovrer aad L2nder.Any provisions of tlte 3ecurlty Insmiment or erL.�instnr��s acecuted in connectian . -
<br /> vr=�,�said indebtedness whicb are incansistetr.2�vith said Title or R�tins.icguding,bat not limited to,
<br /> ci��rovision for payment of any s�m in o�ecdon with prepaymcut c�the secared iadebtedaess and the
<br />:,,' • ����;�ion that the l.emder may accelerate payaient of the secured ia��,:tedness pussuant ta Coveaant 17 af
<br /> -- � ���urity Instrument.are hereby aaiended or negated to the exunt mecessary to conform sucd�instrumenis
<br /> to said Title or Regulations. -
<br /> ` � � LATE CF3ARGE:At Ixnder's option,Borrower w�l pay a"late charge"aot exceeding four per centum(4�'0)
<br /> of the overdue payacent when paid more than i'ifteen p�days after the due date ther�f tc�caver the extra
<br /> = ex�ense involved in handling de2inquent payments,but snch "late charge"Fhai!��t be payable out of the -
<br /> °- ��r�ds of aay sate made us��sfy the mdebtedness s�_red hereby.untess su�a 1lnroc�eds are suffic�eni ur. •.
<br />�= c�..arge the enthe indebted��s auc!aii proper costs�expeases secured I�c�r+a''s��
<br /> .. GilARA1�STY:Shauld the Departmeat�[�'r�erans Aff�irs fa1 or rcfa�to is,�e uts guaranty in fu�]amoun:� �
<br /> �< <vitUin 60 days from the date that this lo��ould normally become c�i�:for such�uaranty wm�miued up'oa '
<br /> by the Department of Veterans Affairs under ttce provisions of Title 3S of the U.5.�ade"Veter�Renefi�.�".•,,
<br /> � ti�,i�iotcgagee may dectare rlr..e iadebtedness hereby secured at once due and�i�ble and may foreclo;a�� �
<br />.lY�;
<br /> . iiis�r..�ately or may exercise�ay other dghts hereunder or take any a3her proper�ion as by la�v providct�; . _
<br /> � � '���3NSFER OF TI�PROPER'TY:If all or any part of the Property or any interest in it is sotd or transferred,
<br /> ' ' . � � t3vs loan may tre d:clazed immediately due and payah2e upon nansfer("assumptioa")of the property securIng
<br /> a�zeb'loan to aeq transferee("assumer"),unless the accepta6ility of the assumptIon aad transfer of ci�s loan .
<br /> • i�,�es'�blished by the Bepartttt�t of Veterans Affairs or its authorized ag�nt pursuant to Sec�ioa 3714 of Chaptc�'.
<br /> . �L;.�31e 38.Unitt�5tates�de. .,
<br /> A�autlioriud uansfer(`oassamption")of ttte propetty shall also be_subject vs�,'ditional covensixnts arc�,�;_:: . .
<br /> ... ' a3sbe�►enu as set forth lxlow: ",
<br /> . , . ta) �, f,�;A�fee nal to one-half of J percent(•�0?!e)oF We unpaId priacipa�:..
<br /> Gitias�c�of this loan as of the�te o tru�f�r of�e property shall be payabte a4:,tit,:time of transfer to c1)x��; �
<br /> r��u�3agee or its anthorized r��a�d,as tr�for the Dcpartment of Veterans pfFis�a:If the assumer fail§t�.��
<br /> ��:j�iliis fee at the cime of traµ..�er,t�e fea�a11 con�iu�.t�;an addiaonal debt to�s±.�at already suuresl 6y thi�� � _
<br /> instnffient,shaDl bear interest at c6,,rate ketm�3�prov�decl.sad,at the or;�:��n of the mcs�t�g�e of uR;:undebtedness _
<br /> t. hereby secured ar aay[ransferee thercof.sL*�11i be iramediaiely due auc�!�;���bte.This fe2 is automxtf,�1IY waived
<br /> .�G� , i�f r�.e assumer is exempt ursµer¢he provisions of 38 U.S.C.3779 47�)x. . �
<br /> �' . , -
<br /> � t,�) accittatpTIOIV P�t�t`E��-SILiC�CHAR(�E:Upon apyfic�Eica:or aypr��;�to allow assamption nr�i�.
<br /> ����u::Fer of this loan,a Dmcc�mg fee may be ehazged by t@e mortgag���r its aut!:�:iied agent for determin€n��: .
<br /> . �.'r t?se creditwo�:.�aass of the assumer and subsecluenUy revising the h�fd�sx''s mwnerslvp records wh�n.a apDroved
<br /> _ (� , t�ansfer Is com.�;i�.:ted.The araount of this charge shall not exceed tirg b�ser of the maximum�a::'�lished by
<br /> drh P�eparta�us of Veterans Affaira for a loan to wlrich Spction 37E�d�f Chapter 37,Titte 3�'�1��isiced States
<br /> ..� j` , t�iuic^applles or any mazunum prescribed by aDplIcabte State taw. . � : -
<br /> = ±. Qc) •If thls o6ligation is assumrsS'.,.riten the as�nner h�cfsga
<br /> �` ,..}' agrees to asswn� o the obligations o t e veteran under the tenas af the instn�e�ts creatin�,uud secuts�t��
<br /> ;, the ioan,inc[tuiin�the obNgation of the veteran to indrmnify the Dr.�nnment of Veteraas Affairr.tri she extent -
<br /> of any claim�al-aent erisin8 from the guatranty or iasuraace of tfie indebtedness created by dil.a.,instrument. .
<br /> �, ' IL�3 V'JITNESS WI�REOF.F3ocroNer(s)has executed ihls V.A.Guarantced Loan end Assuatpdon Pollc.y Rider.
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<br /> -Borrower YI2A H CURTIS -Bonmvtr
<br /> •Ftonower •Borrowet
<br />� V.A.GUQAAtiT�LOAN ISlYD ASSUlIA�RON POUCY RIDEii 9192
<br /> � . �-SJ8WS0?1 VM➢MOItTOAGEFORMS•18001521�7241
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