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2oiou25~4 <br />VA Number: 34-34-6-0179502 <br />VA GUARANTEED LOAN AND <br />ASSUMPTION POLICY RIDER <br />NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE <br />APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS <br />OR ITS AUTHORIZED AGENT. <br />THIS V.A. GUARANTEED LOAN AND ASSUMPTION POLICY RIDER is made this 15th day of <br />April, 2010, and is incarparated into and' shall be deemed to amend and supplement the Mortgage, Deed of <br />Trust or Deed to Secure Debt (herein "Security Instrument") dated of even date herewith, given by the <br />undersigned (herein "Borrower") to secure Borrower's Note to <br />AMERICAN SOUTHWEST MORTGAGE CORP.. <br />and covering the Property described in the Security Instrument and located at <br />12702 W. Stoney Park Road <br />Wood River, NEBRASKA 6$$$3 <br />(herein "Lender") <br />(Property Address) <br />V.A. GUARANTEED LOAN COVENANT: 1n addition to the covenants and agreements made in the <br />Security Instrument, Borrower and Lender further covenant and agree as follows: <br />If the indebtedness secured hereby be guaranteed or insured under Title 3$, United States Cade, such Title <br />and Regulations issued thereunder and in effect on the date hereof shall govern the rights, duties and <br />liabilities of Borrower and Lender. Any provisions of the Security, Instrument or other instruments executed <br />in connection with said indebtedness which are inconsistent with said Title or Regulations, including, but not <br />limited to, the provision for payment of any sum in connection with prepayment of the secured indebtedness <br />and the provision that the Lender may accelerate payment of the secured indebtedness. pursuant to Covenant <br />18 of the Security Instrument, are hereby amended or negated to the extent necessary to conform such <br />instruments to said Title or Regulations. <br />LATE CHARGE: At Lender's option, Borrower will pay a "late charge" not exceeding four per centum <br />(4%) of the overdue payment of principal and interest when paid more than fifteen (15) days after the due <br />date thereof to cover the extra expense involved in handling delinquent payments, but such "late charge" <br />shall nat be payable out of the proceeds of any sale made to satisfy the indebtedness secured hereby, unless <br />such proceeds are sufficient to discharge the entire indebtedness and all proper costs and expenses secured <br />hereby. <br />VA Guaranteed Loan >~ Assumption Policy Rlder <br />Page 1 of 2 <br />IDS, Inc. <br />Borrower(s) Initials ~ ~' ~' <br />