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<br /> � �� ° �" VA ASSUMPTION INFORMATION RIDER ---
<br /> . �it;:..�_
<br /> , �:..:�:.��- .�.—
<br /> + � � � THIS VA ASSUMPT[ON INFORMATION RIDER is made this 30t h r�.,.,�_._.,'..�..-.___. ���
<br /> � Ki�$��4�=�,F�e__ .
<br /> ., day of March , !9 92 , and is incorparated into and � ._, r �L.=��.
<br /> .r�_.,� �:�
<br /> ' shall be eemed to arnend and supplement the Mortgage, Deed of Trust or , iR;ry����.�;Y--
<br /> � �� � . Security Deed (the "Security Instrument") of the same date given by the � • —
<br />, . u�dersigned (the "Borrower") to seeure the Borrower's Note (the "Note") to .
<br /> COLUM9US FEDERAL SAVINGS BANK (the
<br /> " . "i.ender") of the same date and covering the prope�ty described in the Security
<br /> � Instrument and located at: .. �
<br /> � 1019 WEST 11TH STREET GRAND ISLAND NE b980 ,
<br /> ' Prope�ty Address , ��������� �
<br /> . • :r.+....:�s�a!:,�.
<br /> . . , '���,rir .
<br /> � 1. "This loan is immedi�tely due and payable upon transfer oi the property �;'�.:��'=
<br /> securing such loan to any transferee, unless the acceptability of the assumption i .
<br /> of the loan is established pursuant to Section 1817A of Chapte� 37, Title 38� t
<br /> United States Code." � `� "" �
<br /> • ; � � ' .�.'=��--
<br /> � � • 2. Funding Fee : �;�_'
<br /> "A fee equal to one-half of 1 percent of the balance of this loan as of the � ;i�`•; n
<br /> '�.,:
<br /> date of transfer of the property shall be payable at the t�me oi transfer to the � ''. �-�
<br /> � � loan holder or its author�xed agent as trustee for the Administrator of Veterans �'. . Y,�'ti.•� ;
<br /> . • ',i:�•:.:," Affairs. lf the assumer fails to pay this fee at the time of trans�er� the fee ;_,S; .,
<br /> � '"' shall constitute an additional debt ta t hat a lrea dy secure d b y t h is instrurne�t, f • �!` +, �
<br /> " shall bear interest at the rate herein provided, and, at the optian of the psyee of �-' •� ' �.' ��_
<br /> the indebtedness hereby secured o� any transferee thereoi, shall be immediately ` ;
<br /> " . ��• due and payable. This fee is automatically waivecl if the assumer is exempt ' �
<br /> � , under the provisions of 38 U.S.C. 1829 (b)." t .
<br /> 3. Processing Charge � � ..
<br /> "Upon application for approval to allow assumption of this loan, a � �
<br /> processing fee may be charged by the loan holder or its authorized agent for , � �,�
<br /> ., � determining the creditworthiness of the assumer and subsequently rev�s�ng the � ��Fi
<br /> � holder's ownership records when an approved transfer is completed. The arnount � , . _
<br /> � of this charge shall not exceed the maximum established by the Veterans' �...
<br /> ' Administration for a loan to wh�ch Section 1817A of Chapter 37, Title 38, United t ; _ _�
<br /> States Code applies." . `
<br /> �..
<br /> 4. Indemnity Liability �
<br /> "If this obligation is assumed, then the assumer hereby agrees to assume �
<br /> all of the obligations of the veteran under the terms of the instruments creating
<br /> and securing the loan, including the obl�gation of the veteran to indemnify the ,
<br /> � Veterans' Administration to the extent of any cla�m payment ar�sing from the
<br /> guaranty or insurance ef che indebtedness created by this mstrument."
<br /> A
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<br /> ��1q� CHRISTENSEN Borrower
<br /> � � Merch 30� 199`l. March 3�, 199?
<br /> Date Date
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