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<br /> - VA GUA�NT�EID L0�1N AND�lSSU1VdP'1'IUN POLICI� RIDE�B . --�- . ..--
<br /> LOAN NO.�539216556 . � ,
<br /> � I�t�°I'YG�: THIS LOAN IS NOT ASS E��FE�T��NS �.-y • --����-:
<br /> � APPROVAL �F �IE DEI9A1z�'M ���r�T`�-��`��
<br /> A�FA�tS OI� ITS AUTH�RIZED AGENT. - �: ��T�,�:�
<br /> - .s:�.
<br /> THIS VA GUARANTEF.D LOAN AND ASSUMpTION FOLICY RIDER is made this 31 St day of -- _-
<br /> December 1996 ,and is incorpoiated into and shall be deemed to amend and svpplement the ��� � `-•' ��'�->�
<br /> . Mortgage, D�ed of Tntct or Deed to Seciue Debt(hereia �SCGlTIty inctmment")date�of even daie herewith, '' _�;�..ti�
<br /> ,. ;_,� = ,L-
<br /> ; given by the undersigne�(herein"Borrower")to sewre Borrower's Natc to ` --- -
<br /> COLUMBIIS FEDERAL SAYINGS BANK � ° _. �
<br /> . � (herein'Lender•) w� � _ _
<br /> :.���.s
<br /> , and covering the Property descdbed in the Seruriry Insm�ment and located az :` •' '{'�:�_,
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<br /> 4055 EDNA DRIVE,GMMD ISIAP�D,NE 68803 J'--'y`""`-- .
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<br /> (PmPerty AIIdtcss) ' ;; '{:�t'—''—
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<br /> ,,�•? VA CstTAR�►NTEID LOAN COVENANT: In addition to the oovenants and agreemenu made in the Sec�rity -.�:. -�.
<br /> Insm�ent,Borrower and Lender further coveaz*u aad agree as foilows: .
<br /> If thP indebtedness secured hereby be guarantc�c3 or insured�r Tide 38. United States Code,such Tide and ...:� ., .. , '
<br /> , Reg�!zlions issu�thereunder aad in effect��rhe date hereof shall govem the righta, dnties and liabilities of
<br /> Bo�¢�er a a d L e n d e r.A n y p r o v i s i o u s o f t h e S e c a i i ty I n s t r u m e m o r o t h e r+n�*^�ms n t s e x e c uted ia conaectioa with . �� � .�_.
<br /> ..� ..;. ��„
<br /> saiL �.wbtedness whicb are inconsisteni with said Title or Regiilations. inctuding, but not limited w. the .., . ,_M:
<br /> ,,7,�� {f ;. '':,:
<br /> •.fs.� provi��n for payment of any snm in cannecdon with prepayment of the seaued indebtedness amd the provision ,.,:€ T,• `-
<br /> that the I.ender may accelerate paymeat of the secured indebtedness pw�suant to Covenant 17 of the SecauIty '�. `" • �s� . �
<br /> Insavment, are h�r�y amended or aegated t�r�r.extent ne�essary to coaform such insuumenss w said Tide or f..; .,,`' •j :.
<br /> , Regulations. �`�' • �" �„° _
<br /> ,s��s:.{ �
<br /> � , :,�.�':� ;�.:
<br /> I ATE CHARGE: At Lender's optioa,Borrov�-e:�will pay a'late charge"a�t exceedIng four per centm(44b)af —��,ia � ,.,,
<br /> the overdue payaenc when paid more than fifteen(iS�days after the due date thereof to wver the ea�tra expcnse ' �
<br /> involvEd in handling delinquent payments,bat� "late charge"shall aot be payable out of che procEeds of any • .'�.
<br /> sale made to s a t i s f y the iadebtedness secured Ir.�'ay, unless such proceeds are snfficient to dischazge the entire � ,�s�-,� � o �.��:
<br /> indebtedness and a�l proper costs au d eapenses�r e d here b y. • �-= :
<br /> ' G U A R�I N 1'Y:S h a n.'3 t h e D e p a r t ffi�t o f V e t e r-,�.s Affaus fail or refuse to issus its g u a r a nty in full aaaonsit withia ,.�' '�`''� �:.
<br /> 60 t�.-y from the date ti�at this I�:a�uould ncYmally become eligible for suct�guaranty committed upoa by t be �':
<br /> • .r;�� Depart��t of Veterdns Affairs �:zr the prnvLsions of �tle 38 of the U.S. Code "Veter�uos BeneSts," the ' ;�'�:'_ =� '
<br /> ,;�� � :�
<br /> . Mortgagee may ds�c'�re the iadebie�iuess herel�a secured at once due and payable and may foreclose immediatelY �
<br /> . ;.� or may exercise�y�Yher rights hemuader or r�?ke�y other pmper acaon as by law provIded. .-.�.,.-+�,.:.�,.;._ �' '
<br /> �___.._�;.....
<br /> , TRANSFER OF THE PROPERTY:'fhis loaa may be declared immediauly du�and payable upan uansfer of the _ ___
<br />. ? property securing such loan to any transferee. untess the acceptabiliry of the assumption of the loan is�atablished _ _
<br /> ��:�� puisuaat to Section 3714 of Chapter 37,Title 38,United States Code. �'���
<br /> ; An suthorized transfer('assumprion")of tte pmperty shall also be subject to addit�onal wvenants aad agrcements
<br /> �•3 as set fortb be2ow: � _
<br /> � (a)�SSUMk'��N PIJND,�Nd FEE:A fee equal to an�half of 1 peicent(.50%)of the balance of this loan � ' •���"' P•:.;
<br />; �" ' as of the date of tr,�s:rr of the pro�:ty shsll be payable at t he t�m e o f aans fer ta t he loan ho l d e r or i t s a u t h o r i z e d . _�.
<br /> ' ageut,as mistee for the Depar��t of Veterans Affaiis.If the assumet falla to pay t�ix ia�at tlie dme of tcansfer. ^��.�.{�^°
<br /> � the fee shall oonstltute an add�:i:aaa?debt to that alt+eady secured by thts insuumem,�TS 3ear interest at the:ate �^.' u- ':��� �,`'
<br /> � hereln provided,and,at the oa.i�n of the pay�of the indebtedness hereby sxured or a�:�:ransferee thaeof,sha11 �`•• •- . • �
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