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�� -� . �' CJ i7�.��.-. , . . . ._ .___--_ -.__-. ___- .. - ,°-�.__ -,•=��-' • �� 'LY�/�� V.A. �[JARAIV7�� Y.UAIii l�IrlgSr �3S�.JIi�?�€=�Ivri�i �u�n.i�i�' �i�L:: N�TICE:THIS LOAN IS iVOT ASSUMAI�LE d�'ITH�Ur THE APPR�VAL OF - _ ~ T��PAR'�NT i��VE t��15�"r�►iR��R I�S��J'��0��..��• TH1S V.A. CiUARAhT�ED LOAN AND ASSUMPTION POLICY R1DER is made this 30TH day _ of AP�RIL , 1496 ,and is incorporated into and shall be deemed to amend and supplement the R9ortYage,Dzed of Tcust or Deed to Secure Debt(herein"Seruriry InstrumenY')dated of even date turowith, - given by che undersigned(hercin "13ore�wer")to secure Horra�ver's Note to NORWEST MORTGAGE� INC (herein "Lender") and covering the Property described ia the Security lnsuument and located at 325 SOUTH SYCAMORE STRfiET GRAND ISLAND, NE 68801 (Property Address) ' y.A.f�1�ARANTEED LOAN COVENAVT:In addition to the covenants and arreements made iu the Security I�strument, Borrower and Lender funher covenant and agree as follows: If the indebtcdness secured hereby be guaranteed or insured under Title 3B, United States Code,such Title and Regulations issued thereunder and in effect on the date hereof shall govern the rights,dutic�a�tid liabilities of Borrowe�and Lender.Any provisions��f the Security Instrument or other instrumenu�ecute�in connection w�:h said ind�biednrss which are incons:sYent with said Title�r Rcgulations,including, but noi limited to, che provision for payment�f any sum in connectien witli prepayment of the secured indebie.iness and the prEnision that the L.endcr may accelerate payment ef the secwed indebtedness pevsuant t�Covenant 1?vf � the Securitv Instrum:nt,are hereby amcnded or negated to the extent necessary tw eoaforen such instrumeuts to said Title ar Regulations. LATE CHARGE:At Lender's opdon.Borrowsr will pay a"late charge"not excading four per centum(4Qlo) of the overdue payment when paid more than fifteen(15) days after the due date thereof to cover the extra expense involvcd in handting�ielinquent payments,but such"late charge" shall not be nayable out of the proceeds of any sale made to satisfy the indebtedness secured hereby, unless such proeeeds aze sufficieat to disctxarge the entise indebtedness acd all proper costs and expenses secwed hereby. GUARANI�":Shouid the Uzpartn:ea�c of Vtierans Affairs fai!or refuse to issue its guaranty in full:unount within 60 da�s from the date that this loan would normally become eligible for such guaranty committed upon by che Department of Veterans Affairs under the provisions of Title 38 of the U.S.Code"Veterans Benefits," the Mortgagee may declue the indebtedness hereby secured at once due and payable and may foroclose inunediauly or may exucise any other r�hu hereunder or taice wy othcr proper action as by law provided. TRANSFER OF THE PROPERTY:It all or any part of tht Ptuperty or any interest in it is sold or uansferred, t6is lc+�n may t+e declared immediateiy Que anci DaYable upon a�nsier(==assu�npiiou"f o;i;�e N�v�..��.as:;�g --- such loan to any transferee("assumer").unless the acceptability of the assumptlon and transfer of this loan is established by the Department of Veta�ns Afitirs or ita authorized a�ent pursuaut to Sectian 3714 of Chapter 37,Title 38,United Stata Code. An authoriud transftr ("assumpdon")of th�property shaU also be subject to additional covena��ts and a�raments as set f�nh below: (�) �,c,�r1NPTION FLINDING FEE:A feeequ�l to onahalf of 1 percent(.5070)of the unpaid prina�l balana of this loan as of the date of transfer of the property shall be payable�t the timc of uansfer to 4Ese mortgagee or its anthorized agent,as trustx for the Deputment of Veterans Affairs.If the assumer failt to pay this fee at the tune of transfer,the fee shall constitute an additional debt to that aircady secured by this insuuraeni,sha31 bca*i?+*r*�ct at the rate haein provided,and.at the option of the mortgagee of the indebcalness hereby secured or any transferee thueof,shall be immediatdy due and payabk.This fee is auwmaticalip waived if the assumer is exempt under the provisions of 3&U.S.C.3729(b). ry� gSS�t��PTION PROCESSWG CHARGE:Upon application for approval to allow assumption a.nd - transfer of this loan,a processing fa may be charged by the mortgagee or its authorized agent for determining the crediiwortttiness of the assuuur and subsequeniJy revising che horder's ownership rocords when an approved transfer is complcted.The amount of ttus charge shall not exceed the laser of the maximum established by - the Department of Vetersns Affairs for a loan ta which Section 3714 of CE�ter 37,'tid=38,,United States - Code applirs or any maximum prescribed by applicable Siate law. (�) as.c�rn+iPTION iNDEMN(TY LiABIL.ITY: If this obligation is assumed.then the assumer hereby agrees to assume all of the obligations of the veteran under the terms of the instrumenu creating and securing the loan,including the obligation of the veteran to indemnify the Department of Veterans Affairs to the ext�at ' of any claim payment arising from the�uuznty or iasurance of the indebtedness created by this instrumeat. ° ' IN WITNESS WHfiREOF,Borrowa(s)has aucutod this V.A. teed Loan aad Assumption Policy Rider. � BENITO R CASARES, wu SAAIO CASARES •BorroN�u -Borrower -Barawu V.A.GU/1RANTEED IOAN AND ASSUMPTION P01ACY RIDER 9192 _ �-638 nsoN v►r aw�TGncc vonMS • �wasst•��o� _ NIAfL-3274 J93 � I�� �