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<br /> ___ . � , vA :ASSU '�--�I��===--__,-� _,_,_
<br /> :-� NOTtCE: THIS LOAN !S NQT ASSUMABLE WITHOtIT�TS ORP��VAL �_
<br /> _---�----� =2' OF THE DEPARTIyEiriT OF 1�ETERAI�lS AFFA . _
<br /> - --=� . , .- AUTHaRlZED AGEI�T. � `�
<br /> -"' LOAN �: 820742-0 ` -
<br /> F_K. � ,
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<br /> THS ASSUMPTION POLICY RIDER is Rtide thls 6TH mY a� APR I L 1992 •� �
<br /> V ,s - incorporafed iMo ard'st�lt be deemeQ ta�meM md svpptana�t the Morty�e. l�eed ot.Tmst. or Oeed w :
<br /> - Sec�ue Debt t"IrnWmait") of the s�ame tt�te haewiUt, atven by Ihe undast6ned (•Martp�a�) to�eeure tlfe
<br />� �f= = � _ Mort�or'r Note t"Note") ot the same date to HOMESTEA� SAV t NGS. A FEDERAL
<br /> - "'�='� _ � SAV 1 NGS ANQ LOAN ASSOCI AT I OH _ � . _
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<br /> • -. :-ltS SqCCE590�S i(d aSSi�t"MOCfa'dbEG'} a[l�{by�[� ibC PfOj1l.Tty/dG9CfT� (tl lhE It1S�fI1t11R1i OIId IOf�tld it,
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<br /> . �,, ,�._:. : , ' � _ 1123 WEST t OTH =
<br /> x'"� " GRAND ISLANO, NE 6aa01 '
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<br />- `��=`' _- � ' Notwithstmdin6 uiythjn6 io tt�e contary set faih In ttia l�ttuma�t. Moatp�ee.aM Mottpaar baeby
<br /> . -� s`�- �ckaowkC�es u�d a�es to the folbwirg: -
<br /> :',�;... .: - � :
<br /> • -:;,�"�%�:;:;'1;:., . GUARANTY:S�oufd 1he DeQartment o! Veta�nr Aihirs i�il or nfus� to iswe its�uuu�ty in iWt'an�amt�
<br /> ":,'A ,l;L,
<br /> � � <:,,.� ,- � vrithin fA dsys tram the dat�':�6at lhis tan WoWd narmaUy tia�me e11�1e for sueh �uannty oommit�ed
<br /> T ��, , . ' uP� i�Y tqe 1)epeifine�i of�Yeterens Aifairs utdet the'ptuv�s3ons o! 'litie-38 0} the U5. Code•�"Vektu� � —
<br /> } BE�IGHLS�' 1he MOft�a!! tnsy dettete the iAdebtdltless tk!rehy sE�t[Ed tt onoe due etd pyibk �Ad 1�iy
<br /> - . -. � ._, rorxtose immediatety or�tiap esacise any atAa riabts hereunda a take any othet proper action.is��hy taq �- �-
<br /> providM: , __
<br /> `,�.;,,: ,:; ' TRr�NSFER,OF THE PRaPEATY:.If aU or any part of the Pcoperty or uiy inte[at in �If:�S sa�d-or - ---
<br /> . � �� transtertQd. th��ban s1i�IJ be immediatety due aM p�yable upon tra�ter t"assumption�? of the'P�9
<br /> <, � . secycin6 sueh fou► to etty► Uansferx ("assumer"3. uni�ss the eooeptabiliiy Oi tite assumpttwt end trutsia Of �:
<br /> ` � �� . ' this iwn £s atabl'�sbM by the Depettment'of Veta�r�s Aifsirs or its auttarlad �¢nt pi�¢swnt to section � -�-��
<br /> :��'?��;
<br /> ` � � . 1�17A ot Aiapter 37�'Fitie 38. Unital States Code. °� ti - �'
<br /> •'�,'��-,�,�';,._
<br /> . � � An authori�ed transfer ("assumptton"1 uf the property shall atso be subjeci to �dditlanal covermi's aM � -� '��'t`:�'^�.
<br /> � egama�ts as sct forih below: :�
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<br /> ' ta) ASSUMPTION FUNDING FEE:A iee equal to one-hati oi 1 petcsnt (.SO°,ii) of��se unpa3d princlpal ' , ',.;':'�'
<br /> � � baJance this loan as ol the date oi uansier of the propetty shall be payable at ttu t�me o! tra�fer to the _ � �_.�__`�
<br /> ' , � mort�ba or its authorlral a�ent,es irustee for the 5occetuy oi Veter� Affairs. Ii the assumer iaiis to � � '!. r�'�':
<br /> PaY � �::.,�,� . r-:._�
<br />' � � � this ia at the time o! trar�ter. the ia shall canstitufe an additlon�l deht s� that �lrt�dy sec�ued by thls � . -_
<br /> • it�strument, shail bear Uterat at ihe rate haein ptovkled, atd, at ihe option oi �Se mortgasee oi the � - • . � , ;: ,;;;=
<br /> , . � indebtalnas hereby sa;urai or ar►y trensiera thereai� sMl1 be immediate:p 0ue ud �aynbk. 'Phis fa is , ' �,
<br /> jz;,.� automatic�lly cvaived if the assumer is exempt under ihe provlsions o!38 US_�. 1829 tb). � �
<br /> � ,�:r,;,., � '' � ,
<br />� . • . „ (b) ASSUMPTIaN PROCESSING CHARGE: Upon application tor approval to allow assumptbn aM � ,. ,.
<br /> � transfer o oan, a process ee may cherbed by the mort�aaa or its authorind aaeni tor �` '�,� .
<br /> ' ��r �� AetermlNna ihe creditworthiness ai the assumer an1 subsequently revbin6 the holder's owraship retotds . . •��::,;
<br /> � � � ' wNen �n approved transier is completed. The amount af thls charse stall not eaoxA the m�:tmum � �;'�`°:
<br /> ' � � esqbllshad by the Department of Veteram Aifairs fot e toan to whtel� sectlon 3817A of t�apter 37.Titk 3B. �
<br /> '. ' �; 11Nted St�tes Cak applies. ' :
<br /> - .. (c) A5SLiMPTlON INDEMNITII LIABILITY: If th�s o(�c�gatlon is assumed, thea�it�*. a�svsr,ec �:erobY . i ' . . '
<br /> � , a�ras to assvme a o e ob ations oi ihe veteran urxt� the terms of the.frs�acr�ts crqting and • � ,
<br /> �'� . ' securina tht ioan, 1nCludiRo-We obllgatiorf oi ihe veteran to iMemNiy the Departmeni of Vetet�ns Affalts to � __ _ __ ___
<br /> , . '' , . the extent of any claim payment arisin6 irom the�tarsnty or iruurance oi ihe 9ndebtedness created by this �
<br /> it�sttument. •• • .
<br /> ;'�::. :, .'� , . . � -
<br /> � �'�{ .; �:.: ': ' 1N WITNESS WHEREQF,Mortgagortsl has executaf thls Ass�mptlon Poficy Rlder. �
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