|
I� .;.,;Yl;v`Y;,: �• -d':�i:t'•�y""';d�1.i.:¢i5,_.1 .r..'�i}w%L�t� .�2h":.'!}�;Yj..� . 'S;.: f '�t�TilLt�.;�,��.,..��.v.�,.-�
<br /> - � '�'�{/��+ / l � •�`' 4 � �'� .�ld�i S,?f � � r' '.•y'y.{:.' .�"} . I _'a _
<br /> 4 /•�� ,� '� y Nyhl •~... ?+`!•�c�..!-.. ''17-::�:'\'�.IS���1�1��,
<br /> �x, r-wTr!��!"wlr ?rt�:1'� "__ _ .. _
<br /> - � '.{� . r ��t� ,.�r. - . __
<br /> • � •'I� ' � __"
<br /> . i... ,'�1_,.'
<br /> v.��'�� . . --Il��r...e��— _ r_..._.
<br /> � . ,--. ,` . , . • ' • 9�-- i o`�08 6 -��-__ --_ _ -
<br /> �i,, �;� :a�.�
<br /> , , �
<br /> ��� ��� � VA �SSUMPTION POLICY RIDER _-
<br /> ; . .. —
<br /> r�ra-�
<br /> �� - NOTICE:THl�LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF �� '���� `----
<br /> _ �. . - � . �� ' � � THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. j,�.-__- _ �
<br /> , ,:,—�r
<br /> ��;yr�.1�`.•'S,Y•;'t�i`�i'�ie-;
<br /> 92 �
<br /> THIS ASSUMPTION POLICY RIDER is madc this 12TH day of MAR['H , �y , (
<br /> and is incorporAted inta and shall be deemed to amend and suppiement the Mortgage.Deed of Trust,or[�ecd tn Secure i
<br /> Debt("instrumcnt")of the same dnte hcrewith,given by thc undersigned ("Monga�or")to secure the Mort�a�or's � �
<br /> �"�..`•
<br /> ' . Note ("Note")of the same date to
<br /> overland National Bank
<br /> u its successors and assi�ns . :•„r:-� �-•--
<br /> �� � ( Mortgagee )and covering the property described in the Instrument and I�cxed et: ; ' -•___ _
<br /> ' � •' 1007 S. Vine St. Grand Island, NE 68801 - , "���
<br /> , ���T
<br /> .. M.
<br /> (Properly Addrrcvl „- ���Y.
<br /> .�,--
<br /> IVotwithstanding anything to the contrary set forth in the Instrument,Mortgageeand Mortgagor hereby acknowledges �. " ��h���_
<br /> and agrces to the following: r� -_-__
<br /> GUARANTY:Should the Department of Vetcrans APfairs fail or refuse to issue its guaranty in full amount within {
<br /> • b0 days from the date that this loan would normally become cligible for such guara�uy committed upon by the Department �
<br /> of Vcterans Affairs under thc pravisions oP Title 38 of the U.S.Code"Vetcrans Bene�ls",thc Mortgagec may declare
<br /> ' the indcbtedness hereby sccured at once duc and payable and may Poreclose immediatcly or may exercise any other }�,zx�•��
<br /> __ _'__._ . rights hereundcr or take any other proper action as by law provided. - ��.
<br /> �^�_-' .,�.�r.��
<br /> ' TRANSFER OF THE PROPERTY: If all or any part of the Property or any imerest in it is sold or transferred,this � '
<br /> loan shall bc immediately due and payable upon transPcr ("assumption") of the property securing su�h toan ta any • ,..
<br /> � trnnsferee("assumer"), unless the acceptahillty of thc �fssumption and transfer of this loan is csla6lished by thc
<br /> Department ai Veterans Ai'fairs or its autharized agent pursuant to sec�ion 1817A of Chapter 37,Titic 38, United �.•
<br /> '' States Code. �
<br /> ' ' An authorized transfer 1"ASSUmption")of ihe praperty shull s�lso br subJeci to additional cavenant+und agreements �. ,
<br /> as sct forth bclow: '�` � ""�"�'��
<br /> ' •r'_
<br /> (a) ASSUMPTInN FUNUI_NCi FEE;,A fcc cqual to unc-hulf of I percent I.S�°%o►ol'�he unpaid pri ncipal bplance f • . ;
<br /> oP this I�an as of�he datc ot'�ransPer af thc properry shall be payAble at ihe time of transfer ta �he mortgagee or . ._
<br /> ils Authorized agent, as trustce for the Secrr�ary ul'Vc�erans Affnirs. If thc assumer fails to pay this t'ec at thc time �
<br /> of transfer, the fee shull constilute an additionul debt �o that alrendy secured by this ins�rument, shnll be�r interest • _
<br /> ut thc rate hcrcin providcd,and,at thr uption nf thc mortga�ec oi'thc indcbtcdncss hereby serured or any transferee t ,r. •
<br /> � ' thcreof, shall bc immcdiately Jue and payablc.Tliis t'ec is automutically�vaivcd it'the assumer is cxempt under ihe : •
<br /> provi5ions of 3R U.S.C. 18291b). ` �� ' '
<br /> (b) �SUMPTION 1'RQCESSING C_HAR(�E;U�wn unplication for aprra�•al io allow assumptian And transfcr � • • �
<br /> of this IoAn,a processing fer niuy hc chiuged by�he murtgaFec c�r its authori�ed agcm t'or Jetermining thecreditwonhiness
<br /> of thc nssumer and subseyuentty revi+ing the holdrr'c a���ncr+hip rccordti H�hen an appro�•cd transfcr is complcted.Tlic
<br /> amount of this chargc�hall not rxrcrd ihc ma�imum r��nbliyhcd b�• thc 1)cp:�nmcnt of Vctcrans Affairs for a loan
<br /> � 1 to which sertion IR17A �f C'haptrr 37,Ti�lc 3K, UnitrJ Statr,Codc npplie+.
<br /> i (c) ASSUMPTION INI,)EMNITY_I.IAIi11.17Y; If ihi�obligatiun i.a,.urn��l. thcn dic a�sumcn c�nn��agrces to
<br /> ussumc all of�hc obligation�ul`�hr�•rtcrun undcr ihc trrnu��f thc instrumcnts�reati ng and ucuring thc luan,mcluding
<br /> thc obligAtion of the vc�cran tu indemnit'>•thr Urparlmrni at'Vcleran+A(I��irsic, �hc cxtcnt af any �laim paymcm
<br /> ari�ing t'r�mi thc guarant}�ur insuranrc of ihc indchtrdnc,y rrcatrd hy this insiru�ncnt.
<br /> � IN WI'I'NFSS WHERf•:C)F. �tortgugarl�l ha�c�ccuted thi. As,umr�iun Pc�lir�ltidcr.
<br /> � 'i�� /� �• ` ��
<br /> (�_ -... __ Itir:dl _: f�i.1�C``�/-� Y• _�t'nt��•L!----- IScah
<br /> . ? ' Haevey 0. Larsen \furl�:�gur �'ladya I,. I.afsrn (►tort�agor
<br /> ' I
<br /> I Itir:�ll . _... - -- 15ra11
<br /> � -- --- - -- - - — - �t��r�Ea�ur �tort�aRor
<br /> i �
<br /> 1
<br /> i � �628•.�. , .vr�umr�.e�.� �,inti,s. ���. ... �.�. w„ , ,.��
<br /> f 1
<br /> i
<br /> �
<br /> I I
<br />
|