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<br />� � � �i.A. �fJt�'eAl�'���� �.��111I AN� ���JI�T���1 PO�.I�Y ��� "�-�m'
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<br /> ����. _ N���:Tfl�L0�1 I��10T�SUII���`J����JT��APP��VAL�F -- -
<br /> � . . THC D�PAR'B'I�CI�fT 0��JE'I��S A��OR 1'I'�AiJT���AG�e =-
<br /> THIS V.A.GUARAI�iTEED LOAN AND ASSUR9PTION FOLICY RIDER is made this 12th daY ���
<br />—='�Y of 199b .�d is incarporated into and shuU be deemed ta amead and supptcment
<br /> 3anuary � �°�y
<br /> the Mortgage,Dced of Trust or Deed to Secure Uebt(herein"Sa.vrity Instrument")dated of eveu date hercwiih, �_�`:
<br /> ;�,�-...
<br /> given by che undersigned(herein "Sorro�ver")to secwe Boaawer's Note to ��-•'
<br /> � Norcaeat Mortga�e, Inc rn�E� "�A��T") ��"i
<br /> and covering the Froperty described in the S�curity Instrument and incated at �p►��;�::
<br /> 19'.r�t_
<br /> � `'`' 1032 East Sunset Avenue Grand Island, NIi 68801
<br /> �•
<br />' �'-::r (P*oyaty Ad�r's) --
<br /> V.A.GUARA.NTEED LOAN CO�NAIVT:Iu additlan to the coveaants and agre�ments made in the Sec�rirj ,
<br /> Ia.�trument,Bonower and Lendsr fwther covensint and agree as fallo�va: �
<br /> ; n „
<br />`�.=�,�' If the indebtedfless secured hereby bc guarameed or inseued nnder�fitle 3U.United States Code,sucb T'�tl� �
<br /> ��' and Regulations issued thereun@er and in effect on tbe d�te hereof shall govern tfle rights,duties and Hab�7itics
<br /> >��``` of Barroccer and Lender.Any provi�ions of the Securirj Instrcimeat or ather instruments executed'ni camnectian i��
<br /> � witb�aid indebtedness atuch are inconsi�tent witb said Titte or lte$ult�t�ans,including,but nnt limited to, �:-: .
<br /> lj3.`
<br /> thr pro��iston for FaY���Qf�y��Cnane�tlon whh prepayntent aP the secured fnde6te�tness anc�tha '''''
<br /> ��::
<br /> . pra�ir�an that the Lender may ac�:lerate poymmt af the secured indebtaJness pursnant to Coventuit.l7 af
<br /> t[ie$�:urity lnsavment,are herebp amend�d oc aega[ed to the extent nECessary ta wnform sucb instnimmt� —�°�
<br /> to s3id�tle or Regulations. ��r �
<br /> � •� i.ATE C�IAROE:At Lender's opiion,6orrncv�wIU pay a"late charge"not exceeding fow p:r centum(4°10) G.<�._,�
<br />� � of the overdue payment when paid more then�n(1�days after t6a due date thereof to cavtr tEt�exua �;a
<br /> � � ex.��e iavolved in handling delinquent payust�sis,but such "late ch�"shall not be payabl8 csu.t•of the 1E•-;
<br /> -'�����;' pm�ds of any sate mada to'satiafy the indebtedaess seau�l hereby,nnitss sucir proceerls are su�cient to � �_��
<br /> ,.r:::�r;! _
<br /> �:�y , . '¢tiss�Fye the entire indebtedn�smd all proper costs and.axpenses securcd ba�cbY• -.-: --
<br />��''{°�,<a � . . . I'�"`
<br /> GUfi�.ANTY:Shoutd the DepaEtr�ent of Veteraas Affaits fuil or refuae ta f�me ita g��anty in full amat�us�
<br />� � :yIthin 80 days fram t6e date that this loan wuuId normaUy beco�ne eligtbl�fisc��Saranty committed upon --
<br /> by the Department af��leterans Affairs undc'r ths provisions of'15de 38 of tisri,f.S.Code"Veterans Beaefits." �`,
<br /> ,' . t6�e Mortgagee may declare the'mdebtedness hereby se<aue� st once due aad payabte and may foreclasa
<br /> (mmc�33rYaety or may exercise any other r�gtats henuader or taice any other proper actlon as by law provIded. _ _
<br /> � � T�SFER OF TIiE PROPERTY:Ig aU►ar�aay part of the Property or any interest ia it is satd or transfetred,
<br /> • this l�aa may be declared immediateSy.duu a.�►�payab2e upon uansfer("assvmptioa")of the property secuelug !
<br /> ' such laaa to any transferee("assumer")�unitss We acceptab�ity of the assuinDtioa and transfer of thie toaa ,- __
<br /> �',i Ts e,stnblished by the Department.of Veterans Affa�rs or its authorized agent pursuant w Section 3714 of Chapter —__.
<br /> .�•{-:'; 37,�;'ui+e 38.Uniied States Ca�td. _
<br />'�l�� y An authorized transfet("assnmp'•ion")of the property�atso be subjcct to additional covenants and
<br /> :., t�?� �
<br /> .-�.�• agreemen3s as sea farth below:
<br /> ���i.��
<br /> • (a) A�S�1 'IlT�'��?��NG FEE:A feeeyual to ono-half of 1�xr:.ent(.50%)of the uapaid principal v�=!+�
<br /> • � balance of this 1oan.su of the date of uansfer of the property shall be�ya6te at the time of uanEfer tcr the ----
<br /> ,. � mortgagee or its suthorized agent,as trustee for the Depurs�.znt of Vatetans Affairs.lf the assvmer fails to __
<br /> pay this fee at the time of uansfer,the fee shaU coastitute sLU�xdditional debt to that atready secured by this
<br /> � � insuument,shaU hear interest at the rate herein provided,a�;;�:the opiiop of the mortgagee of the indebtedness ���°
<br /> ..;; hereby secured or any tcansferce thereof.sheU Fs�@rnraedi�t�[,v�ue and ps�s:'�le.Tl�is fee is automatic�liy aaived
<br /> • .�.; • if the assumer ls exempt under the provlsiou9 r�€33 U.S.r. 3729(b�.
<br /> ��'`:�`��;' �� CF� R •Upasi s�s�rmdaa�'ar approval to at!c:�r,r:.�umption and
<br /> �'��ya' � � trans er o this loan,a prnses: � �x may be charged by tiv�mrrce�ag�aa its authort�l��ezL C�r determining �,_.-,:
<br /> ��k�' b , the creditworthiness of the as�nt��and satssequentlY revisiu�tlir:ha3de�"�wwnershlp ra�c�.�en an aPDraved �—.
<br /> :•rr'� ;_�. aansfer is compiEt.od.Tbe amaunt of this charge shaU not�.��a..�.3 rlsra E�:�:r of the maximum establls3ied by ___
<br /> ;%��; + the Department of V�teraas:t�ffairs far a loan ta wh�ch Sc+�ria�3714 ra�c�hapter 39.Titte 38.T���States �;,___
<br /> :,,� :� Code applies or t�ny mazdmum y��escribed by apylicahlo S�:�::law. �i�:
<br /> :_:Y,y 2,�.': .
<br /> ; (c) ASSUMPITON INDFh�iPiITY LIABILLTY:If du�cu�l�gaHoa is assumed,then the assumer hereby
<br /> . ,.�:�' agtee�s to assume all of the obt�gations of the veteran under�Yr:terms of the instruments creating and securing
<br /> • the loan,includiug ttte obllgafion of the veteran to ittdemnif5r the�epartment of Veterans Affairs to tke sxtent __
<br /> � ' of any ciaim paymznt arisinII from the guaranty or insuranaa of the indebtedness created by this ias�aeument. =v.��
<br /> .: .� ;
<br /> 1N WITNESS WH�REOF,Borrower(s)hos executed this V.A.Guatanteed L.oan and Assumpdon Po3icy Rid�.
<br /> . .� r_-.-:
<br /> -Borrower this R. CoChYSn -Borrower
<br /> y Cachraa [_,._.
<br /> � ��_.
<br />. -Borrower -Borrower ---
<br /> V.A.GUARAtiYEm O.OAH/WD ASSUMPf(ON P011CY i11DER 8l92 w
<br /> ' �.538,�:03, VI.tV R10RTOAGE FOFiL15• �eoo�s�+•nsi ____
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