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<br />. V�' ���I�.l�� C.:
<br /> VA GUARANTEEIA I.OAN AP1IA ASSUMPTIOIV Y'ULICY�ER _
<br /> LOAN N0.1539216�2u4 L
<br /> NOTICE: T'HII� LOAN �S NOT ASSUMABLE WITHC)UT
<br /> T�IE APFRO�AL OF THE DEPAR�'MENT OF VET��tANS
<br /> AFFAIRS O�t ITS ALJT�-IORIZED AGEN'T.
<br /> THIS VA(3UAkANTEBD IAAN AND ASSUMPTION POLICY RIDBR is a�ade thia 27th day of
<br /> Movemb�r , 1996 ,ead is incorpor�ted into and shall be damed to amend aad supplement the —
<br /> Martgigo, L�eed of Truat or Dad to Securo Ihbt (h�reiu "Securlty Insttumeat")datal of even datc harewtW,
<br /> given by the undarsigned(heretn'Borrower')to secure Bonawer's Notc to
<br /> CO�.UMBUS FEDERAL SAVINGS BANK
<br /> (bereia"i.eader')
<br /> and wvering the Property descdbed In the Securlty Instniment�nd locataf at
<br /> 1601 N SYCAMORE,�RAND ISLAND �NE F��60I
<br /> @',�a�etpr Ad1..ross)
<br /> VA� �eN.�tA,NTBBD LOAN COVFNANT: En��Id�ta t4ss c,ovenants and agraments made in 8k SecutiEy
<br /> Instn.,;r:..^t,Borrower aad Lender further coveAaat aad aga��3�ollowa:
<br /> If�r i�r¢,.ebsed�es�sscural hereby be guArantesd ar insm�.'f w��r Title 38. United Statcs Code, such T�tla end
<br /> Reg��a¢�o� issued thercunder and in effect on the date heronf shall govern the nighte. duries aad liabUides of
<br /> Borrower tucd➢.ender. Any provlsions of We Sa.�irnty In.smunent or othes lnstnuu�ents execuud in wnnection w�ith
<br /> �;� ;rKkhtainess which ere inconsistent with sa3d Title or Regulations. lncluding, but not timited to, the _
<br /> �,. provf:v,c�n for paymcat of any sum in wnnection with pn�ymant of the eecura�l indebtodness uM the pravieion
<br /> thas ¢�c Leuder uiay �ccelecate p�aur,t of tha sa�unod indrbtodness purauaat to Coveaant 17 of the Security
<br /> t`�"•"""°'Y"� �w'r r°�n�:�ws a�eti o • e cniA T' P�►
<br /> Ittsisunicui,uc xtcazxa3.�„�,u.,.�...v w:�$at.'X1 s� .:�."��...., t:s 'L..^BfL`!IIt�!!C�!lIL�!!2 '�i�S�J..M 1S� r
<br />=:; Reguluione.
<br /> ,•�
<br /> LATB CH.AR(iB:At Lender's option,Borrower waU�xy u"late churge'not excading four per ceatum(446)of
<br /> � the overdue payment when paid mon Waa fifran�(1S)da}�s aRer the due Aate theroof to cover the extrA eapwae
<br /> '= involved in hwdling dellnqueat�yments,bu� auch'latz cL�sr�e"ahall aiot be payable out of the pr�cads of aay
<br /> .�! aale wade to euiefy the ind�btedar,sa secured hetel�y,nnless surh procxeds are sufflcieat to dlscharge the estire
<br /> indebtedns�s and afl proper costa and expenses savnd henby.
<br /> (iUARANTY:Should the Department of Veta^sns AffAire fail or c�efuae to issue ite guaranty fn full amc+u�i within
<br /> _ 60 daya from tho date that th�s loaa wovld acurrrilly becon�e eligible for such guaranry committed upan by the
<br /> Aepuameat of V�terans Afiairs under the provisluns of Title 38 of tLe U.S. Code 'VeSeruu 8enefiW,' the
<br /> Mortgagee auy declan the iadebtednrss hereby secured at onoe due and payable aud may faroclosa immedluely
<br /> ur nuy�aecciae aay other dghts hcreunder or take any nther pmper a�tion a�by law provided.
<br /> ;� TdUNSFER OF'�'HB PRAFERTY:'!'hia loan anny be declered immediately due and pryable upon uansfer of We
<br /> . property eecuting suclt loan to�ny trAnsferea, a�no�.ss Ihe acceptability of the assumption of the lom ia establishod
<br /> . punswnt to Soction 37i4 of ClsaptGr 37,Title 38,Q7niud States Code.
<br /> An authorizdd tran�fer('aasumpdan")of the property shaU alsn be aubject to addidonal cavea�nta and a�aments
<br /> �s set forth below:
<br /> `' (a)�u,MRT��N FiJNDINd FBS:A fce equal tu one-half of 1 percent(.5096)of the b�laace of ih9s taan
<br /> ' as of the date of tt�nsfer of the properiy shall be paryrable at the cime of traasfer to the loan holder or its auiborized
<br /> • ageat,�.s avata for�ihe Uepartment of Veterans Affalrs. If the assunxr fails to pay this foe et the time of transfer.
<br /> 's' the fee sI1�11�ot�stlNtE nn a4dltio2�e1 debt to thai eltYady secucrd by th38 instrumeIIt,shall beu inurest at the rate
<br /> ' here3a�.rovidod.and. at the aption of the payee of tha lndsbtedness henby�secured or aay tranaferee thereof,shsil
<br />_;�}�.
<br /> VA QUARAMTEED LOAN AND ASSUIYlPTIOH POLICY AIDfR
<br /> � �6388196041.0� 1186
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