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20��054i1 <br />Loan Number: 0110628013 <br />Case Number: 34-34-6-0184189 <br />VA ASSUM PTION POLICY RIDER <br />THIS LOAN IS NOT ASS LE <br />WITHOUT THE APPROVAL OF THE <br />DEPAR'TMENT OF VETEI�:ANS AFF�►IRS <br />OR ITS AUTHORIZED AGENT. <br />THIS ASSUNIl'TION POLICY RIDER is made ttus 22nd day of JULY, 2 O 11 , <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 properly described in the Instrument and located at: <br />2211 RUE DE COLLEGE, GRAND ISLAND, NEBR.ASKA 68803 <br />(Properry 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 Depaxtment 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 coxnmitted <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 iminediately or may exercise any other rights hereunder or take any other proper action as by law <br />provided. <br />TRANSFER OF TI� PROPERTY: If all or any part of the Property or any interest in it is sold or <br />transferred, this loan shall be immediately due aad payable upon transfer ("assumption") of the property <br />securing such loan to any transferee ("assumer"), unless the acceptability of the asswnption and transfer of <br />this loan is established by the Depa.rtment 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 additional covenants and <br />agreements as set forth below: <br />VA ASSUMPTION POLICY RIDER <br />VAI�t.RDR 01/22/09 Page 1 of 2 <br />DadV/agle � <br />www.docmagPc.com <br />