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<br /> VA GUARANTEED LOAN AN�ASSUMP'rION POLICY RIDER :
<br /> `'"" LppN 1�?0.1539216Q20 ..
<br /> �� * NOTIC�: THIS LOAN IS NOT ASSUMABLE V�ITHOUT _
<br /> 'THE AgPROV,�L OF THE I�EPARTIVI�NT O� V�TERANS _
<br /> AF�FAIRS OR ITS AUTHORIZED AGENT. . � ::�:
<br /> � � �y`ia:1,;,;��.• ..
<br /> � '�`"h��:S�i}/!yi._...
<br /> THIS VA GUAItANTEBD LOAN AND ASSUMPTION POLICY RIDER is made this 20th dnY of . ,j,�fL��r_�__.
<br /> P 1996 ,and is incoiporated into and shall be deemed to amend and supplement the :.�y.:-__.
<br /> MortgageemDeed of Trust or Deed to Secure Debt(hsrein "Securlty Inacnu°ent")dated of eveu dau herewith, T •:-'�__�_
<br /> �vr,t��....�a,,,--
<br /> given by tbe uadersigned(hcrein "Bonower")to secure Borrower's Note to , `,��,,v--
<br /> � COLUM6l�S F�DEi2Al SAVIPiGS BAt�K @�n�^�nder") : .;::• � —
<br /> and coeering tha PvopertY descd6ed in the Security Instrumeat and located at � •'.;'%";_' -
<br /> .:'�;�_�1;:. `. -
<br /> 903 E OKLAHOMA AVCNUE,GRAND I SLAND,NE 68801 '. -o i���_---_
<br /> -� crroanr�aa�a) -..;'��"~�'`` —
<br /> VA GUARAN'fBED LAAN COVENANT: In addidon ro [he sovenants and agrameuts m�d���e ��ry �'��;;�:
<br /> � •,_b�= -
<br /> pnsuument�Borrower and Lender further�i���8��aer�Tlde 38. Uaited States Code, such Title and —
<br /> �h If the iadebtedaess secured b�nbY be B�
<br /> Regulutians issued thei�eunde�and ��ft�e�Secudty Instrume t os r othsr�insuument��s ex'ecutted in connxtioa with ,
<br /> �• .�: .,.t r_
<br /> � jsorcowrs�xt Lc�i�r.t;u;p
<br /> �� n, te
<br /> � said indebtedf►ess which are inconsiaunt with sald Title or Reguiations, uiciudw�. � ��, ._
<br /> provision for payment of az►y swn in connx��on with pn ayment of the�securido�even�s 17�0�e r��ty
<br /> that the���rb nby amo ded or n flated to thse�exta�naxssaiYrto confurm such instn�ments to said Tide or ,
<br /> insmimc , ;
<br /> Regula'tiAns. four r ccatum(496)of
<br /> LATE CHAItC3B: At L,ender's opdon,Bormwer will pa a'late charge"not excad�n8 Ix
<br />- : ; che overdue pa�At d b n ueIIt p ymeatsa but�s chlsla�ach Se c�hall not�be paya�ble ou of thE p emcoods ot a�aY
<br /> involved in h in8 4
<br /> • -�.. • sale made to eadafY the iadebtedaess secuc�ed&enby� unl�ss such proceods are sufficient to discbar8e the entire
<br />- -- indduetaness and a�l proP�r costs and expenus secured henby. • '
<br />- (}UAIiANTY:Should the Departm�ent of Veterans Aftaira fail or retuse co issua iin�yti;a►aury�tut��o nc�� ,�---
<br /> ' � 6p days fmm the dete that this loan would nAraullY bocome ellg[ble for such guaranty oomm►tted u1�o �' ----
<br />-_ . '� peputmsnt of Veterans�A�a�tedness hereby see�ured at o�nce due aad payable aud may orec QI �immediat�lY �
<br /> --`. : ::�.�� . Mortgagee may declare
<br />-�='"�`•::' or may e�e�cisc any other rigbts heniwder or take aay other proper action as by law provided.
<br />_��-;�4,r� �� pu --
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<br />- TR�7�FBA OF THB PROPERTY:'[his loan�S�e�i��i�of the assumptionyaf lthe loan�ftabltshed
<br /> "'�,�,'J��"' pT�P�nY�T�S such loaa to any transfera.
<br />_.�•,,�, �� purauant to Seccion 3714 of Chapter 37,Title 38,Unit�����ubject to acldidonal covermnts end�8ra�nts
<br />;�'�,x�.�.3{<;� An authoriud transfer('assumptioL')of the properiY
<br />":v°..a-�, as ses fnrth below:
<br />�°`-'''��`.• :� '. iIb•D'�'*^N FUNDiNC3 PEB:A fee equal to one-half of 1 percent(.5096)of the balance of this loan
<br /> -=�'`�`7'�.� QA�� shall be payablc at the time of traasfer co the loan holder or{ts authorizcd
<br />_;:��T,.�;.�";� as of the date of uansfer of the propettY —
<br /> _��.� - _.. aEent.as uustx for the Department of Vetcrans Affaica.If the assumer fails to pay this foe at the time of traas�r, —
<br /> ��'"` �. the ia she11 oonstitute aa addldonal debt ta that already secund by this instrument.shall bear interest at the rate �--
<br /> � .....-�-,� bcre�n pmvidcd. and.at tha optioa ot tha pay�of the indebtCdness hereby secural or any uawferu thereof.shall —._______ _.�,
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<br />, ' . VA 017ARANT[E[1 LOAW AHD AS8UMPflON POLICY RIDER ���-r'"F'�=�'
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<br /> � �538g taeo�t.o+ 1196 ;t;^��°v—°��
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