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<br /> �=-�-�� V� ASSUMF7'IUN �'U�.I(;Y �ZI1�E1�
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<br /> � �: .,�;�.,�;�,� NOTICE: THIS LOAN IS NOT ASSUMABLE WITi HOU IRS ORPTSOVAL �
<br /> n�. ��:�.—;��� ,� OF THE DEPARTME�IT 0�' VETERANS AFFA
<br /> AUTHORIZED AGENT.
<br /> - � �`�` • � � LOAN M: 321049-9
<br /> -y: ' t�� ` . . �'. ; CASE M: LH 122471 NE
<br /> � • w�� :.� THIS ASSUMPTION POLICY RIDFR ts made this 23RD �Y o� JULY , 1992 � � �
<br /> _.____—: a. .,:_,.-, .�_--- incorporated into and shall be deemed to amend ond �upplema►t the Mortgega� Deed ot Tn�t� or Deed to - --
<br /> �''s�''�:'�,� Secure Debt ("I�trurnent") ot the s�ma date herewith, alven by the widersi�necl ("Mortsoaor") W sxuro the
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<br /> �;;�, .,;,•,��..: Morlgagor's Note ("Note") of the same dete to HOMESTEAD SAVI NGS, A FEDERAL
<br /> �'�'`� SAV I NGS AND LOAN AS30C I AT I ON
<br /> � •tii
<br /> s �..
<br />�m�.'y��;',���. . IW succes�ors end essi� ("Mortga�ee") and coverins 1he property deaxibed !n ihe Ir�hurtu�t ud bdted at:
<br /> .�....��-:.: �
<br /> .dhiiil�v.•i��"�.. � .
<br /> �:�� 4020 KAY AVENU� ,
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<br /> _ ._ . : .� . -•��-
<br /> — " `� ; � �` GRAND I SLAND. NE 68801 --�
<br /> -- n . �.`,�... .��:�" (Prop�ely AdOrw)
<br /> -;��� F �� Notwilhswnding anything to the coMrery set forth In the In4tcument� Mort��aea u�d Mort�or hereby
<br /> ,I':.�,>-. •., `� acluawlalgeg u�d ag�xs to the toliowing:
<br /> ==�:� , ' �~ GUARANTY: ShouW tht Department oi Veterans Aifelrs tail or retuse to Issue Its guerenty ln tuil amount
<br /> �`�� ' �,; ���� withln 60 dey� irom the dote lhat thi� loan would norrrully become eligible for �ttch guar�niy committed
<br /> • ;- r . �M� upon by the Department ot Vete�ons Aiialrs wxier the provislons ot Tltle 38 of Uu U.S. Code "Veterans
<br /> " ' �"' ;" Benefits" the Mortgogee mey dxare the indebtalness hereby secured at orx:e due ud p�y►abb u�d rra3►
<br /> -_��'�, r '�.' + . , ioreclase immedhtely or may exercise u�y otiur rights haeuMer or Wce �y► othec proper �etlon � by uw
<br /> ,,. . .�,�,, provlded.
<br /> ` LV-� �4- TRANSF�R OF THE PROPERTY: lf all or er.y part ot the Properry or my Inurest in it is cold or
<br /> • tra�terral, this lan shall be immedletely due and payable upon trerBfer ("assumptlon") of the ptoperly
<br />--• securing such loen to any trar�steree ("essumec"), uniess the acceptablUty ot the assumptlon ard trensfer of
<br /> . . � "�"� '" thts lorn is estebtished by ihe Department of Veterens Aftair� or its authoriud aga�t purswnt w actfon
<br /> �� 1817A of Chapter 37,Title 38, Unfted States Cade.
<br />_y..•_ ' �•�,; ,. ' •
<br /> � � An outhorlaed transter ("assumption") ot the property shall a�o be subject to edditlot�l cover�nis utd
<br /> :�`. . . �� •�, ., :•` ' egreements a�set forth betow: -
<br /> ' �� ''t-�� (a) ASSUMPTION FUNDING FEE: A tee equel to one-holt oi 1 percent (.SO°b) oi the unpeid princlpal '""`
<br /> ��.� ' ' " . balance o thls losm es ot the date of transicr oi the properry sholl be payable at ihe time of ttussler to the �
<br /> � • „ mongegee or its authorized agent, as irustee tor the Secrelery ot Veterar�s Afiafr�. Ii the essumer fafis to pay _
<br /> �- „;, .�.. . � this tee et the time of transter, the tee shell cor►stitute on additior�l debt to thet otready secural by this �
<br /> ,�', •..f ..: Instrument, shall beer Interest at the rate hereln provfded, and. at the optlon of the mortgega ot the
<br /> . � , fndebtedr�ess hereby secured or any transteree thereot, shell be immedtately due and peyeble. Thls fee is �'I
<br /> . '.�"". ,
<br /> • • �p outomoticolly waived it the assumer fs exempt under the provisio�u of 38 US.C. 1829 (b). -�--
<br /> � . " (b) ASSUMPTION PROCESSING CHARGE: Upon application tor approval to albw assumptton eM ��y-
<br /> ' �iei:... .
<br /> .. trar►gter o s oan. a process ng ee may charged by the mortgegee or its authori�d egent tor
<br /> �� ., determining the credliworthin�ss oi the assumer and subsequently revising the holder's ownership records
<br /> . .- „ � . when en approved iranster is completed. The amount ot this charge sholl not exceed the maximum
<br /> '�. � r • esteblished by the Deportment ot Veterans Attaics tor a loan lo whlch sectlon 1817A of Chopter 37� Title 38.
<br /> ��}.�'� � Unfted Stetes Code applles. _
<br /> �'�"'�� � (c) ASSUMPTION INDEMNITY LIABILITY: Ii lhis obligetion is assumed, then the assumer hereby
<br /> agrees to assume all oi the obligatior►s of the veteran under the terms ot the irutruments creating and �
<br /> � securing the loan, Including the obligatfon ot Ihe veteren to indemnity the Department ot Veterar�s AHairs to ,
<br /> the extent of any clalrn payment arising irom the gueranty or Ir�urance ot lhe Indebtedness created by tNis ' :..
<br /> � instrument. �r_
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<br /> : � � IN WITNFSS WHEREOF, Mortgaaor(s) has executed ihis Assumption Polky Rider. �
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