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pill a111 R ZA Z THIS V.A. GUARANTEED LOAN AND ASSUMPTION POLICY RIDER is made this 22nd day of November, 2010, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust to Secure Debt (herein "Security Instrument ") dated of even date herewith, given by the undersigned ( "Borrower ") to secure Borrower's Note to ACCESS NATIONAL MORTGAGE CORPORATION (herein "Lender "), and covering the Property described in the Security Instrument and located at: 1924 Freedom Drive, Grand Island, NEBRASKA 68803, (Property Address) V.A. GUARANTEED LOAN COVENANT: In addition to the covenants and agreements made in the security Instrument, Borrower and Lender further covenant and agree as follows: If the indebtedness secured hereby be guaranteed or insured under Title 38, United States Code, such Title and Regulations issued thereunder and in effect on the date hereof shall govern the rights, duties and liabilities of Borrower and Lender. Any provisions of the Security Instrument or other instrument executed in connection with said indebtedness which are inconsistent with said Title or Regulations, including but not limited to, the provision for payment of any sum in connection with the payment of the secured Indebtedness and the provision that the Lender may accelerate payment of the secured indebtedness pursuant to Covenant 17 of the Security instrument, are hereby amended or negated to the extent necessary to conform such instrument to said Title or Regulations. LATE CHARGE: At Lender's option, Borrower will pay a "late charge" not exceeding Four per centum 4.00% of the overdue payment when paid more than fifteen (15) days after the due date thereof to cover the extra expense involved in handing delinquent payments, but such "late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebtedness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and all proper costs and expenses secured hereby. GUARANTY: Should the Department of Veterans Affairs fail or refuse to issue its guaranty in full amount within 60 days from the date that this loan would normally become eligible for such guaranty committed upon by the Department of Veterans Affairs under the provisions of Title 38 of the U.S. Code "Veterans Benefits ", the Mortgagee may declare the indebtedness hereby secured at once due and payable and may foreclose immediately or may exercise any other rights hereunder or take any other proper actions as by law provided. TRANSFER OF THE PROPERTY: This loan may be declared immediately due and payable upon transfer of the property securing such loan to any transferee, unless the acceptability of the assumption of the loan is established pursuant to section 3714 of Chapter 37, Title 38, United States Code. An authorized transfer ( "assumption ") of the property shall also be subject to additional covenants and agreements as set forth below: (a) ASSUMPTION FUNDING FEE: A fee equal to one half of one percent (.5 %) of the balance of this loan as of the date of transfer of the property shall be payable at the time of transfer to the loan holder or its authorized agent, as trustee for the Department of Veterans Affairs. If the assumer fails to pay this fee at the time of transfer, the fee shall constitute an additional debt to that already secured by this instrument, shall bear interest at the rate herein provided, and, at the option of the payee of the indebtedness hereby secured or any transferee thereof, MULTISTATE VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER 10103 Page 1 of 2 Initials: