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<br /> `Y.A. GUA�tAN�'��� �•UAN A�ID AS�UMP'�'IC11V P��.��Y RI�E�t -
<br /> ' NQ�'I�:E;TH[S LOAN IS NOT t�SS�iA�A�L�WITAOtJT'�HE A��KUY�i.�� -
<br /> TI�DEP�TtT�9�I�'0�V�'�:�1�1�A�'F.41RS��t 1'1'S AtJ'�`�ORI�Af��.I�IT. _
<br /> 7l-1[S V.A. GUARAI�TEED LOAN AND ASSU11tPTION POLICY RIUER is made this �1ST �Y '
<br /> uf �py . �}9S .and is inrnrY+oratezl into�nd shall b�dx�med to amend aad suprlement -
<br /> . the rtor[Qa�c, Cked ot Trust or I�.*.'r1 to 5ecurc[�:bi(t►crein"Secwiry Instrumeni")dated oi'even date here��ith.
<br /> gir•en by the undersi�nzd (hercin "I3arrower")lU S2i.Ui�BOifOwGf'S NOIC[0
<br /> NUlti��ST HQRTGnGE, It�C. (herein "Leadu")
<br /> aud co�erin� the Property :lescribed in the Sccurity l�utrurucuc and locatcd at �n.
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<br /> 317 NORTH DAItR AVENUE GRAND ISLAND• NE 688U� Q��
<br /> (P�openy Aadra4) 0
<br /> V.A.GUARANTEEA LOAN COVENANT: 1 n addition to the covcnants and a►�rce�nents made in O�e ScxuricY
<br /> [�rwr►ent,Bonower and Lendcr furthcr r,r���enant and agree as foqows:
<br /> !P tli�f��debtedness secu�e�i hereby!x gw7�'su�teed or i�sured under'15t1e 36,United Slates Code, such TitYe
<br /> an�Kegulations issued therew:der and iu rf'f:r:��on the d�te hereof shalt govern the rigau,duties and liabilities
<br /> of Borrow'er ar.�Ixnder.My pravisions af iln�:'�curiry Iastrumtnt or orbr.r inuruments execut�in connxdon
<br /> wizh said indebtedness which ue inconsist:r,�Ji:with said Title or Re�guJstl�;�ns, includinQ, but not limited to,
<br /> tl�c: �rovision for paymant of any su� icx rcrrnc�cdon witd prepayme�rl:�:Y the secured indebtedness and the
<br /> prrsviaon that the Lender may accel�rate payment of tI�secured icxS.�tedness pursuant to Covenant 17 of
<br /> dJr��:curity Instrument,are hereby sun�ndrl or ne�ated:�ys�i3ie ext=n3 necessarY to conform such instrumenr_s
<br /> to safd 'htle or Re�ulstions.
<br /> LATE CHARGE:At Lender's option,Bzscrra�er wil)paY a"late c!s„ti:ge"not exceeding four per cencum(4�10)
<br /> � of the overdue payment when paid more fh.:��fifteen(DS)days afier SL`�e due date thereof to cover the extrz
<br /> expense involved in handling delinquent payments.but s�uh"late charge"shall aot be payable out of the
<br /> procxds of any sale made to satisfy the indebtednas set�:red hereby,unle�s such psocads ar:s�fEicient�
<br /> dischar8e the entire indebtalness and all pr��rr costs and exPenses se�ured hereby.
<br /> CUARANTY:Should the Deparcment of�'r;t;rrans Affairs fail or refuse to issue ies guaranty in full amouat
<br /> within 60 days from the date that this loan would norm3Uy become eligible for such guaranty commifted upr,n
<br /> b�the Department of Veterans Affairs under the prov�sioazs of Titk,38 of the U.S.Code"Veterans Benefits."
<br /> th�I►'longagee may declue the indebtedn�ss hereby sex.�ed at once due�nd payable and may forectase
<br /> imm�diatdy or may exucise aay other rights hereuader Qs aake any other proper ution as by law provid�t.
<br /> TRANSFER OF THE PROPERTY:If all or any parc of the Property or any inurai in it is sold or transferrtd,
<br /> N� _C�L�
<br /> th:s lo�may be declared immediatdy due�ad paYACIe UD��ier t::assumpuvu ��,..��p.-ap...~t�:�:r�ne -
<br /> such loan to any transferee(",..�umer"),unias the aa�eptability of the assumptiou and transfer of this loan
<br /> is atablished by the Deputa��:of Veteraas Affain or its authorizod ageac pursuaa:ua Section 3714 uf Chapter
<br /> 37,Tiele 38, Unitod�tates Cc�:.
<br /> An authorized traiufer (`•assumpti�n")aG�tte propertY sitali also be subject to addidonal cova�ants and
<br /> a�rer,ments as set forth below:
<br /> ' (a) ASStL'PTION FL�DING�R�A fxequ�P c�r a2c�half of�percrnt(.S4g's)of tho uapai@ grincipal
<br /> b�e of this loan as of the date of transfer of the gr.a�na.�.�shall�be payable ac che time of transfa to tdu
<br /> martgaga or its authoriud agent,as uusta for the Der,.��,-tment of Veterans Affai�s.If the auumu f^.::�y�o
<br /> pay this fa at the time of transfer,the fee shall wnstitute aa additional debt to dsat alreaay socured by this
<br /> insirument,sh�ll bear interest at the rate Eiesa�provided.and,at the option of the mortgagee af tJi�:fu3ebtedness
<br /> haeby sxurod or any transfera thereof,�i's,�Sl be immcdiate?Y due and payable.This fee is�»t�*+�n:�r�_...:�;wtived
<br /> ��' t�e s�su�n�r is exempt ua�des the provisions of 38 U.S.C.3729(b).
<br /> ro��+��•pTip �t�r�x�rSStN G ARGP:Upon application for approval to allaw assumption and
<br /> traasfa of ch�s U�an,a pra,�es�r.g fa ma�be chazged by the mortgagee or its authoriud:.gent for deiermining
<br /> the aeditwortFtin�s of the assumer sud c-u.l�sequendy rcvisinY the holda's owncrship records when an approved
<br /> tr�nsfer is comptetcd.77►e amount of this charge shall not exceW the l�sser of the maximum established by
<br /> the Department of Vcterans Affairs for a loan to which Sectioa 3714 of Chapttr 37.ritle 38,United Staces
<br /> Code appGe�or any m�:'��;�,, pracribed bY aPP[i��le State law.
<br />-- (�) a�., �"t'TIOZI+.;I�3�A�NITY L� I I e if this obligation is auumed, then the�csumer hereby
<br /> agrees to ass�ume s�of the obligations af the veteran under the terms of the instruments creuinq and socueing
<br /> the loan,iacLw�i���titt obligation of ti�e v�.csr.r►to indrmnify the I)epartment of Vtterans A fi'uits ta the exteat
<br /> of any claim p3yn�u.t arisii�.from tIu gu:u�.nty or insurance of the iadebtedaess created by tltis inscnunent.
<br /> IN WITI�iESS,.Wl�l',���,d.i,:rower(s)6asrxccuted this V.A.Guaraatood Lo��:uui.ascumPtio��olicY��.
<br /> - ~ � 3UL H HFF�E .Dorrowu
<br /> IN P IiH�EL ' -Borrowu
<br /> -Borrowu -eorrowa
<br /> — V.A.GWMNiTEED LOAM AND ASSU�AFTION POLiCY HIDER 9�
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