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��i��42 VA Guaranteed Loan And Assumption Policy Rider NOTICE: THIS LOAN IS NOT AS5UMABLE WTTHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. THIS VA GUARANTEED LOAN AND ASSLTMPTION POLICY RIDER is made on August 16, 2011, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Deed to Secure Debt (herein "Security Instrument'� dated of even date herewith, given by the undersigned (herein "Borrower") to secure Bonower's Note to Wells Fargo Bank, N.A. (herein "Lende�") and covering the Property described in the Security Instrument and located at 1724 N Cleburn ST, Grand Island, NE 68801 [Properly Address] VA Guaranteed Loan Covenant. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: If the indebtedness secured hereby be guaranteed or insured under Title 3 8, United States Code, such Title and Regulations issued thereunder and in effect on the date hereof sha11 govern the rights, duties and liabilities of Borrower and Lender. Any provisions of the Security Insttument or other instntments executed in connection with said indebtedness which are inconsistent with said Tit1e or Regulations, including, but not limited to, the provision for payment of any sum in connection with prepayment of the secured indebtedness and the provision that the Lender may accelerate payment of the secured indebtedness pursuant to Covena.nt 18 of the Security Inshument, are hereby amended or negated to the eJCtent necessary to conform such instruments to said Title or Regulations. Late Charge. At Lender's option, Borrower will pay a "Late Charge" not exceeding four per centum (4%) of the overdue payment when paid more than fifteen (15) days after the due date thereof to cover the extra expense involved in handling delinquent payments, but such "Late Char-ge" shall not be payable out of the proceeds of any sa.le made to satisfy the indebtedness secured hereby, unless such proceeds are suffcient to discharge the entire indebtedness and all proper costs and expenses secured hereby. Guaranty. Should the Department of Veterans Affairs fail or refuse to issue its guaranty in full amount within 60 days from the date that this loa.n would normally become eligible for such guaranty committed upon by the Department of Vetera.ns Affairs under the provisions of Title 38 of the U.S. Code "Yeterans Benefits ", the Mortgagee may declare the indebtedness hereby secured at once due a.nd payable and may foreclose immediately or may exercise any other rights hereunder or take a.ny other proper action as by law provided. HCFG-00762 Veterans AiFairs Guaranteed Loan and Assumption Policy Rider VMP� Wolte�a Kluwer Financial Servicea O 1999, 2009 201108164.0.0.0.4002-J20110224Y Page 1 of 2 5 11