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<br /> - �.A. GU�A1V1'EEID L�A�d A1QTaD t�S�IJN����T �AI.I�YX �]�It �
<br /> `...� NOTICE:��.OAN I�N�T ASSUMt��LE V�IT�OUT�APPR�V�.0� .- �
<br /> � - ��EPAR1'I�iENT 0��El[�ANS AFFAIRS OR YTS A�JTHO�ZED A���i'T. ��
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<br />=;T. ,� THIS V.A.t3UARANTEED LOAN AND ASSUMP'fIOI�I POLICX RIDER is made this 26T� d�Y ��'-
<br /> �- of 24ARCH , 1996 .and is insorparated into and sl�all be deemed to amend and suppt�nent ��
<br /> � tIie Mort�ge,Dead of Tn�st or Dezd to Secure�ebt(hereia"SecuritY IBSaumeat")dated of even d�.se h�c��:th. F�:-.
<br /> givea by the undersigned(herein"Borrower")to secure Borrower's Note to �-
<br /> MO�Ld�ST MOHTf.alIGL�, I2iC (herein"Lendes") P
<br /> , aad ca•rer:,aa the PropertY descn'�ed in ihe�ecurity Instrument and located at ---
<br /> �;,
<br /> ` I11 t,TEST 11TH STRLET WOQA RIVEB, NE 68883 `-_'-_�
<br /> •':�"V ([kopert9 Adttras) -
<br /> . �
<br />. . Y.A.GUARANTEE�3,L�AN COV,E�TANT:In�itsoa to the covenants and agreements made in ths Secvrit3►
<br /> Ynstrumeut,Bano�ve�a�Leader funher as-�'�xur�and agree as follows: •
<br /> n
<br /> ` • If the indebtedness s�-ed hereby�e guaa�anl�1:�insured uader'Titte 38,United Siates Cod�,s�a�T'rtle �-.=:
<br /> • and ReguL,.�*ions issued thereunder aur�in effec:ec��aie date hr�f shall govem the rights,duties and liab�ides �
<br /> � of Borra�er and Lender.Any provi�ess of the 5eauitY�or other�s�menu exec�ted'n�n�i°n g
<br /> � arith said indebtedness wIuch aze incon�ister►t TMtt�said Titie csr Regulaaons. includiag, t�ut not limited to.
<br /> the provision for payment of any sum in conrtrzx?ra�wiih prepayment of the sec�aed'ut�?ebiedness and the �.
<br /> ' provision t�ai the I.ender may accelerate paym.arzc of the secured iadebtedness pursuaat to Covenant t7 of —
<br /> ' the Security Instrument,aze hereby amended ar n'r8ated to the extent necessary to conform such instruments _
<br /> , to Eaid�tle or Regu{ations. --
<br /> ��" ' LATE CHAR(lE:At Lender's opt�on,Bonower vv�71 pay a"12tC Cha1Cg2"IIOt el[C�Cd'IA��G�ti��et CgIIte3A1(4%� �
<br /> �'" of the overdae paymer�wh�n paid more than fi.�¢'.�en(IS)days after the due dau th�fc eo cov�E�rr.extra
<br /> ' expense iavolved in�3ling delinquent paymec:s.but such "lau charge"sha11 not ti�payabte�r,ri.of th� _.
<br /> ��_� , proceeds of any sale made to saBsfy the indebudness serure�hereby.unless such pracxeds are suf�cient to
<br /> . dischatge the entire indebteslness r�,�a11 proper costs aad c�enses secured hereby. __
<br /> �� ��'7 GllAI�c�.�i'd'Y:Should the Dep�i of Veterans Atfairs�or refuse to issue its gu�r�ty in fn11 amount
<br /> wi4hin 60 days from the date that t�loan rrould normally berome eligibie for such guarr�s'=y committed upoa
<br /> by ttte Department of Veterans Affairs nndeT the provisions of Tit3e 3�of the U.S.Code"Veterans Benefits,"
<br /> ' the Mortgagee may deciare t�e indebtedness C:�°.by secured at oace due and payable and may forectose
<br /> ±�`;�`�� imaeedi2tdy ar may exerdse any other rights hereun�er or take an�r other proper actiaa tis Uy law piovided. —
<br /> TRANSFER OF THE PROPERTY:If sU or any part of the Pmperty or any interest in ti.irs�l d or trans ferr e c l,
<br /> " tbis loan may 6e declared immediately due and paY�Ie upon transfer('�assumpiion")okt9i�prgpercy securIuB
<br /> � such loaa to any traasferee("assumer"),untess the aoceptab�ity of the assumpflon au�3��.�sfer af�is loan
<br /> is established b�the Department of Veterans Affairs os ita authorized ag�t pwsnant w Scc2�s�37t4���apter �
<br /> � . 37,Titie 38,United States Cmde. •
<br /> ' An aui��s�',srxd uansfer("assumption")of the property s1�1D also be subject to addi�'rt�»l covenants and �
<br /> . . . agreeai�ts as set forth below: . �. .
<br /> � � •A fesequal to one-half of 1 percent(.50%i)of the anpaid. '�ciDal
<br /> balanca of t toan as of e date of uaasfet of the proyerty shali be�payab2e at the tim�o�u��7'Lo the
<br /> � mortgagee or iu authorized ageat,as trustee for the Department of Veterans Affairs.IE ths assum�c fa7s to
<br /> . � pay this fee at the time of aansfer,the fee shall constitute an additional debi to that afrc.u��ecurer�by this
<br /> � inslruQCent,shaU bear interest at ttte rate turetn pravided,and,at the opdon of the mort�.��s�the inQebte.dness
<br /> hereby secured or any transferee thereof,shaU be immediately due and payable.Tt�s fee is ae�tomaticr�."'.y waived _
<br /> if the assumer is exempt uader the provisions of 38 U.S.C. 3729(b). � -
<br /> � �. -Upon applicatioa far��proval t�allo�w assumprion aad F
<br />•• ��rT;:iF�� trans�Q�f thia laan,a pracessin&.f�may char,ged by the m.ortgaSee or its authorize��„ent for detenniniAg
<br /> �., ,:��;' ; the ereditarorthinsss of the assumcr;�u�i subseAuently revisin�.tlie holder's owners}�D recrur�s whcn au approved E.
<br /> ,::::f:�K��,;• . uaasfer is comDieted.The suaouac cY this c�aarge shall aat�;eed the lesser of the ma�umum establlshed by _
<br /> '' '�`':t' the Degaruaent of Veterans Affairs for a ioau ua whith�ecsion 3714 of Chapter 3?,�tle 38.United States _
<br /> '':�'�.i:; rescrtbed s :scable�tate law_
<br /> '�.,:�,{��t��., Code a�Due9 or any maximum A bY=�D•.
<br /> `''� � 1 •If thi�.c�bllgation is assumed,the�the assumer heteb�
<br /> ',:,;4.'��` (cj S
<br /> ' ���`.� agrees t�essume a11 of the ob E ns of t e veteraa undcr�he ierms of the instruments creating and securin.g
<br /> ' ""' the loat�,including the oblig�ation�f the veteran to indemnify s�e Department of Veterans Affairs to the entent _
<br /> ' of any claim payment arising from the guazanty or insuraare of the indebtedness created by th9s insUument.
<br /> , IN NITNFSS WHEREOF.Borrowerisl has exocuted tivs V.A.Guaranteed Loan and Assumptian Policy Rtder. _
<br /> ' . � ,a. � �i.s.ann ��lJ��-IL. f�GL�U�7� c:
<br /> ROBERT E HARDL'R r -Borrorrer S$�,ISA R PIARDER -Bonower =
<br /> . .•
<br /> -Borrower •Bortowe
<br /> � � . V.A.(iUARANTEED LOAN AND QSSU141FTt0t�P03lCY FiIDEH 9f�
<br /> . � - . �•�8�y=p�� VIl.?MOpTGAGE FOiLtRS• 18007511-7291 =
<br /> . ' NMFl-3274 JSl3
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