Laserfiche WebLink
�A110��58 <br />Loan Number: 0110512009 <br />Case Number: 34-34-6-0183774 <br />VA ASSUMPTION POLICY RIDER <br />THIS LOAN IS NOT ASSUMABLE <br />WITHOUT THE APPROVAL OF THE <br />DEPAR'I�1V�NT OF VETEI�:ANS AFF�►IRS <br />OR ITS AUTHORIZED AGENT. <br />THIS ASSUMPTION POLICY RIDER is made this 9th day of JUNE, 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 undersigned ("Mortgagor") to secure <br />the Mortgagor's Note ("Note") of the same date to MORTGAGE RESEARCH CENTER, LLC <br />DBA VAMORTGAGECENTER.COM <br />("Mortgagee") and covering the property described in the Instrument and located at: <br />4146 PRAIRIE RIDGE LANE, GRAND ISLAND, NEBRASKA 68803 <br />(Property Address) <br />Notwithstanding anything to the contrary set forth in the Instrument, Mortgagee and Mortgagor hereby <br />acknowledges and agrees to the following: <br />GUARANTY: 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 may exercise any other rights hereunder or take any other proper action as by law <br />provided. <br />TRANSFER OF THE PROPERTY: If all or any part of the Property or any interest in it is sold or <br />transfened, this loan shall be immediately due and payable upon transfer (" assumption") of the properly <br />securing such loan to any transferee (" assumer"), unless the acceptability 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 shall also be subject to addirional covenants and <br />agreements as set forth below: <br />VA ASSUMPTION POLICY RIDER DocMaglc$� <br />VAPR.RDR 01/22/09 Page 1 of 2 www,docmagic.com <br />