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<br /> �•`� V.A. G�IA�1�H� LOAN AN�D ����'�'IOlo1 POY.ICY ��E�
<br /> e
<br /> � � `'� N�T'I�:T�I�L��1 IS�10Ti A�S��L�WITHO�J'I"�E APPRO�TAL OF _ .
<br /> _ -. <
<br /> .` � T�E D���t;NZ'OF vETERA�S A�'FAIRS OIt iTS AU�`HOR�ZZED AGEIl1T. �
<br />- _- '_rd�![S V.A. CiUARANTEED LOAN AND ASSUMPTION P01.1CY R1Ja�R is made this Zg�g day _,P'�
<br /> of ��p . 1946 .and is incorpor�ted into and shall be deemed to amenc!and supplement ��` "
<br /> • the Mortgage,Deed of Tnut or De+�to Se�ure Debt(herein"Security inst�nt")dated of even Qate herewiih, ''
<br /> , • given by the undersigned(iierein "Borrower"D to secure Borrower's Note to �� �
<br /> . �-s::::
<br />; .', N�RWEST MORTGAGE, IKC (herein "I.ender") �;-;
<br /> and covering the Property described tn the Security Instniment and located at f�
<br /> �.�
<br />, __.
<br /> �._ .
<br /> . 111 EAST 18TH STREET GItAND ISLAND, NE 68801 ���"'
<br /> __- i�oP�Y Ad�ress)
<br /> • V.A.GUARElNTEED LOE4N COVENANT:In addition to the wvenanu and ageements made in the Security �'
<br /> � Instrument, Borrower aad L,ender further covenaat and agree as follo�rs: �r
<br /> If the indebtedness secured hereby be guaranteed or insured under'TiUe 3S,United Ssai�s Code, such Title �°
<br /> and Regulaciars issued thereunder and in offect on the daie hereof shall govern the rights,du�es and liab�littes !�T"'=.
<br /> of BonowES�d I.ender.Any provisions of the Security Instrument or other**+�+�++ts executed in conne�tion �.;.,
<br /> with said iadebtedness«fi:eh aze inconsistent with�aid?itk or Regulations,a�ciudiag,hut not limited to,
<br /> �1�� the provision for paym:A¢ef any sum in conaeaioaa with prepayment of the s�tured indebtedness and the --__
<br /> provisioa that We Lender rn�y accelerate payment c�the serured indebtedaess�nrsva�t to Covenant Y7 of
<br /> . . �� the Security Instrumeat,�:.�:`��ereby aQeaded or negated to the exteat nece.ssary to conform such ia�stmments —
<br /> , to said Title or Regulatia;�s. --
<br /> LATE CHAFtGE:At Lea+�'s opiion,Borrower w3ll pay a"late charge"not ex��ding four per centum(4%) �..
<br /> • of the overdue paymen4 xs�zn paid more than Fifteen(1S�days after t�e due c�e thereof to cover the extra ��-_
<br /> expense involv�d in han:.ing delinqueat paycmenu, but such "late charge"sr3li not L*�r,�wable out of the -"°`
<br /> � - praceeds of any sale made to satisfy the indebtedness secured hereby,untess such procee�mre sufficient ta ��'�'
<br /> � discharge the entire indebiedness and all proper costs and expe�s�sxured hereby.
<br /> �.
<br /> • C3UARANTY:Should the Department of Veteraas Affairs fail or refuse to is.�ue its guaranty in fnll as�rs�t
<br /> aithin 60 days from the date that this loan woutd nQmaally become eligible fe7 si:ch guaranty committe���san �
<br /> � by the Department of Veteraus Affzsrs under the pnvti�slons of Title 38 of the U.S.Code"Veternns Hene„>�," �;":'.';
<br /> the Mortgagee may declare the irz��t�ness hereby secured at once due and payable aAd may for..�+e'lvse -
<br /> - immediately or may exercise aay ottr�rIg6u hereunder or take any oiher proper adion w��11aw prouided. -
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<br /> -- TRANSFER OF TI�PBOPERTY:If all or any part of the Property or suy intes�st in it is s�3 or uansfe��red,
<br /> ' thf s loan may be declared i�mmediately due and payable upon uansfer("assu�.�ticm")of the property sectaing
<br />- such loan-to any uansf�n,.�e("assumer"),unless the acceptabifity of the ass�F�tiBn:�cransfer of tiris loan "_
<br />` , is esta6lished.by the Dep�dnent of Veterans Affaira or its authorized agent pw-sa�t t���ran 3714 of Chapter
<br /> 37.Titie��,w�ited 5tates Code. . __
<br /> ., , .
<br /> An authoiizeb transfe,� �4"assumption")of the property shall also be subjea.to addiria:.ai covenants and • f �
<br /> �,graments as set fort��ow: •
<br /> • (a) A�,��eTIOI�:F`L��;A fee eqnal ro one-half of 1 yercent i.���I�mff s�e uapaid prin�pat �
<br /> . 6alance of th3sdoan as af the date o asansfer of the property shall be payable at the �^ �.f uansfer to the
<br />' mongagee br its authorized agent.as uustee fos the Department of Veterans Affairs.Ig�z essumer faiJs to _
<br /> . � pay tbis fee at the time oP uansfer,the fee s1�aU constitute an addltional debt to that alreac�y secured by this
<br /> � instrument,shall bear ir..�:est at the rate herein provided,and,at the optioa of ti��ortgagee of the indebtadness
<br /> �� hereby secured or any t�:a�uu-feree thereof,shall be immediately due and payabLe.'lllt:s fee is automatically Raived
<br /> � if the assumer is exer_r�t under the provisions of 38 U.S.C. 3129(b). �,'
<br /> •Upon application for ap�roval to allow assumptIon az►d �
<br /> ' transf�er cff t!�91oan,a pa0cess g fee may be charged by the mortgagee or its aethvrized agent for determining -'-"
<br /> •. the creditwortNness of rd�,assumer and subsequently revlsing the holder's owaas�ip records when an approved
<br /> transfer is cump2eted. T9v:amount of this charge��not exceed the lesse2��the maximum established by �,_.,
<br /> � � the Depavtmeat of Ve2�.�rans Affairs for a loan to�hich Sectfon 3914 of C u:;,:.r 37,Titte 38,United States
<br /> Code a�splias or any�ximum pre�.,cribed by aypticable State law.
<br /> ' . (c) �. '�If this obligation is ass,:�ed,then the assumer hereby
<br /> p�ces to assume all o �the ob�gations of the veteran,nnder the tecros of the�struments creating and securing --
<br /> � ehe IoAn,including the obligatIon of the veteran to indemnify the Depaztme�t of Veterans Affairs to the extent
<br /> of any claim payment arising from the guaranty or insurance of the indebtedness created by this instrumeat. ���
<br /> IN WITNESS WHEREOF,Borrower(s)has executed ttils V.A.Guaranteed Loan and Assumption Policy Rider. � �
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<br />.. . , G�� � r�.Q. � ���� �C��� �,_.
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<br /> .� � RONALD E RICE •Borrawer �MARIA L RICE .Eonon•cr �:��:_
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<br /> -liorrower •Borcotver �'_
<br /> V.A.QUARAMEED LOAN AND ASSUMPTION F+9UCV RIOER 91D2 �'"
<br /> '_ , �-839�9N9t �MV MORT6AGE FORMS •�8001511•1�91 ��-�}�
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