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201103�6G <br />Loan Number: 0030010609 <br />Case Number: 34-34-6-0183524 <br />VA ASSUM PTION POLICY RIDER <br />THIS LOAN IS NOT ASS LE <br />WITHOUT THE APPROVAL OF THE <br />DEPARTMENT OF VETEI�:ANS AFF��IRS <br />OR ITS AUTHORIZED AGENT. <br />THI5 ASSUMPTION POLICY RIDER is made ttus ZOth day of MAY, 2 011 , <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed <br />to Secure Debt ("Instrument") of the same date herewith, given by the undersi�ed ("Mortgagor") to secure <br />the Mortgagor's Note ("Note") of the same da.te to BNC NATIONAL BANK <br />("Mortgagee") and covering the property described in the Instrument and located at: <br />205 E. 12TH STREET, WOOD RIVER, NEBR.ASKA 68883 <br />(Properiy Address) <br />Notwithstanding anything to the contrary set forth in the Instrument, Mortgagee and Mortgagor hereby <br />aclmowledges and agrees to the following: <br />GUARANT'Y: Should the Department of Veterans Affairs fail or refuse to issue its guaranty in full amount <br />within 60 days from the date that this loan would normally become eligible for such guaranty committed <br />upon by the Department of Veterans Affairs under the provisions of Title 38 of the U.S. Code "Veterans <br />Benefits", the Mortgagee may declare the indebtedness hereby secured at once due and payable and may <br />foreclose immediately or ma.y exercise any other rights hereunder or take any other proper action as by law <br />provided. <br />TRANSFER OF THE PROPERT'Y: If all or any part of the Property or any interest in it is sold or <br />transferred, this loan shall be immediately due and payable upon transfer ("assumption") of the property <br />securing such loan to any transferee ("assumer"), unless the accepta.bility of the assumption and transfer of <br />this loan is established by the Department of Veterans Affairs or its authorized agent pursuant to section 3714 <br />of Chapter 37, Title 38, United States Code. <br />� An authorized transfer ("assumption") of the property sha11 aLso be subject to additional covenants and <br />agreements as set forth below: <br />VA ASSUMPTION POLICY RIDER DodNaglc� <br />VAPR.RDR 01/22/09 Page 1 of 2 www.docmagic.com <br />IIIIIIIIIIIIIIIIIIIIIIII�III�III�I�IIIIIIIIII�IIIIII 5 <br />�,� <br />