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<br /> Rider to Iqortqape/Deed of Trust-VA
<br /> �•�a
<br /> '�� , This rider supplements and amends the Mortgage/Oeed of Trust of even date here-
<br /> with by end between Home Federel Savings and Loen Aasociation of Grand Island as
<br /> ..�� (�ortgege/Beneficiary end HARLEY L. NELSDN __and__ -
<br /> ��=?���'"' `'�"�'� PEGGY A. NELSON • hushand and wife. �1q( _________________
<br /> �.—�°;=.-:vnr�:.� r�1(�`��[KtK%�I14�( -------^------------------------^-- r
<br /> � " � :.,.., � �aj��as Mnrtgagurs Grantors, and this rider is incorporated in and by
<br /> � re e�e made a part of the aforesafd Irlort9a9e/Deed of Trust. as followss
<br /> —.— ��_,.�,
<br /> �-�r�
<br /> ;�x=�-� This loan is immediately due and peyable upon transfer of the
<br /> �:��"=�''��: property securing such loan to any transferee. Unless the
<br /> _�� acceptability of the assump£ion of the loan is established pur-
<br /> --- �'"�n� suant to sectian 181?A of Chapter 37, Title 38. United Stetes
<br /> _ '�-��.'
<br /> _:���:..� c�a.
<br /> _� ��� � ��:...,� '
<br /> _ �"'`. s'�'''` '�• •'•��� A fee equal to one-half of 1 percent of the balance of this loan
<br /> �•��`� �'-: =,�, 4' A:,,',�;,,�• as of the date of transfer of the property shall be payable at
<br /> •�.' . the time of transfer to Home Federal Savings end Laan Association
<br /> ��_ ��yj � of Grand Island or its authorized a ent. As trustee for the
<br /> '`'� �" ��'�' , Administrator of Veterens Affairs. 9If the essumer feils to pay
<br /> - � � �`����'�� 'this f�e at the time of transfer, the fee shall constitute an
<br /> - •" _..L:.". ' . . -�
<br /> � .t� ��� .,��-��-:�'�fL'�� additional debt to that already secured by this instrument, shall
<br /> _�r�± ���•° �� , i�:s�+• bear interest at the rate herein provided, and. at the option of
<br /> "'�� '�+�•� '�`� � Home Federal Savings and Loan Association of Grand Island hereby
<br /> '�'=��"-''' �� �ercurad o1r bny Erbn�ferc�a tiicsresuf, siiall be immediately due and
<br /> �i� T �:� ' �, payable. This fee is automatically waived if the assumer is exempt
<br /> ' � �� •' . under the provisions of 36 U.S.C. 1929(B).
<br /> :...�
<br /> �-. ,.. ,. . ��.. "..
<br /> ����' '� �'�•' � � Upon applf cation for approvel to allow assumption of this loan,
<br /> _ - ,- ° � .'��:�'�', e processing fee mey be cherged by Home Federal Sevings and Loan
<br /> ° Association of Grand Island or its authorized agent for deter-
<br /> -. '.b .. ' mining the creditworthiness of the assumer end subsequently re-
<br /> ,�,.. . „•. .,� vising ownership records when an approved transfer is campleted.
<br /> _ . - . • The amount of this charge shell not exceed the maximum established
<br /> �� •• ° by the Ueterens Administration for a loan to which section 1817A
<br /> a �. � � � � of Chapter 37, Title 38, United States Code applies.
<br /> ..�.'.�. '• �:,, .:, If this abligation is assumed� then the assumer hereby agrees to
<br /> »",. ,',',��, "�,. assume all of the obligations of the veteran under the terms of
<br /> f'.• � the instruments creating and securing the loan� including the
<br /> ��'.;� ��� �' obligation of the veteran to indemnify the Veterans Administratf.on
<br /> "�' � to the extent af an cleim ment arisin fram the
<br /> y pay g guaranty or
<br /> , '',.'�- �' fnsurance of the indebtedness created by this instrument.
<br /> �� '��`'x ,','� �' If1 W�tf1@S9 whereof� Irlortgagors/Grantors have executed this rider this
<br /> � Date of JULY 24 ► 1992 •
<br /> . ;�.: �
<br /> , The title "Secretary of Veterans Affairs" � ` - �
<br /> � ' shall be substituted for that of EY . NELSON
<br /> "Administrato: of Veterans Affairs" each �
<br /> .•� , time that it appears in this document �
<br /> pursuant to the provisions of Section 2� PEGGY A. ELSON
<br /> ^ Pub. L, No. 100-527, the Department of
<br /> , Ueterans Affairs Act.
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