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<br /> -- --� --.--�--�j `fA GUA,1tAN'�'E�ID LOAN�AS�g1NdPTION POLICY gID�R � —
<br /> `' � ... �y..� 1�10TICE: 'THIS LO�N I3 I�10T AS3LTIVYABLE i�iTI'�OU�' :` '�`°f`
<br /> � , � .: T�E APPROVt�L 4� T� DEP�T1VIEi�TT OF ��ItA1VS � `��` � � ;
<br /> .`����.�. �� :, �� AFIF�S OR ITS ALJTHO�D AGE1�T'I'. ��;:. ;:::�=.:< >
<br /> ` � . . 'ffIIS VA GUA�RANIEED LOAN AND ASSUIuIP'iZON PaLICY RIDER is made this Z3RD �y og `�;.r '_.,:-•:
<br /> � --- a$csr�sFt � 1997 .and is inooipaiatcd'moo and shaII be deemed to a:uuend and supplemeat thc .,� � �
<br /> ="'���" Mangage, Deed of Trast ar Deed ro Searre Debt(haein "Ser.�uity Inst�ument")dated of even date herewith, �
<br /> _ `'.�, _`_- givea by the undeasigned(hecem"Boaower"j tn se�ure Boimwea's Note to ` -�;
<br /> 't �- — -- � �� HOP� FEi)BRAL SAVINOS & LOAN .����.
<br /> ` ..�.; � ��IJ! �`IRII(��i"� �`..,'._ '•
<br /> � � , .< ;`, and wve�iug the Property dascn'befl in the Securit}r Iastn�meat and Iocxted at ',:.` �"-.
<br /> 1914 N HIISTON AVSLJQS ' f;.: .•. .� -
<br /> . , � - CiRAND ISLAND, NSSRASI�I 68803
<br /> . . (Property Address) ,.
<br /> : VA GUARANTEED LAAN COVENANT In addirion to the covenanis and agreemeats made u� the Se�urtSr , .�':. °.�:�.'-
<br />- ` in ,ment,Bortow�r'aud Le,rtded f�tbte,r CBVeAant aud Sgcee as follOwS = -
<br /><. .` .
<br /> � If the indebtedncss secured heneby be gaaranteed or insared�mder Trtte 38,t7nited States Code.snch Tiue and ' " _--
<br /> � . . s��`: R e g W a ri ons issued thc�emider and 'm effect on the dale hereof shaD guveza s�ae ri g bts,dades and tiab�ities of �y - " -
<br /> :h- - �� Bmrower and Lendea.Any pmvisions of the S�amty Iasavmeat or othea�ents exeasted in coanection with �`ti�� _ --
<br /> • s�d mdebtedaess ahicb are inconsisteai witb said TWe ur Re,gula�ans,iacludmg.but not i�mited to,the ptuvision
<br /> ` . _ far paymeat of any sam an cnnnecuan with�repayme�i of tia:secamd 'mdebtedne�s ant�[he pmvision thai the , _.:`-
<br /> . I.eud�may acce2eaate paym�t of ibe secured mdebtedness p�saant tn Caveaant 17 of the Sec�ity Jus�ument,are
<br /> • � heaeby amendod or negated to d�e exteut necessary to confmm sach insuaments to said Title or RegulaIIons. -� ' `'�
<br /> . - LATE CFIARGE:At Leuder's optio0.Bortower�vU pay a"late cbarge"not exceeding faur per centnm(4�'n)of - �; r,`---
<br />�,. _ ` the oveadue payment wheau paid more thaa Cifteen(1�days aftear the due date thereof to covea the extra expease �• :.•: '.�`�__-
<br /> invoived'ur l�dlmg detiaquent payments,butt such`•late charge„shaD not be payable out of ttae of a�ry : �°��,_-
<br /> � � � sate made co satisfy the mdebtednes4 sec�ued he�eby,unless such pmceects are snfficient w ' e the entirre
<br /> . . . . .;. indebtedness and atl proper wsts and expenses sec�ued bereby. � ��:'�ti _
<br /> , .. °;:. " '`- .�
<br /> • � �. `�? GUARANPY:Should the Depar�ent of Vetraans A�'eirs fa7 or refiue to issae its guaraaty in fall aarount within -
<br /> • -. �-. 60 days from the dais that this loan would noimally become eligble fars such gnaranty couunitted upon by the --- ___
<br /> � Deparunent of Vet�s Affaus ander thepravisans of Ti�, 38 of ihe U.S.Code "Vete�ams Benefits," the �. � -
<br /> . Mortgagee may declare the indebtednes4 heaeby secured at onoe due and payable aad may farectose munediately or , --_
<br /> . .. �� may exe�any oth�rights hem,�nder or take any oiher piepza ac�on as by taw pmvided. , .;---�
<br /> �r '��-
<br /> : . f � TRANSFER OF TfiE TfAOPERTY:'17iis loan may be declarr�immediately due and payable upon tiansfer of the � �•� iF��:
<br /> , . . pmperty securing sucb Ioan to any uansfeaee,wntess�he aco�;ab�ity of ihe assumpuon of the toaa is estab2�shed _ _ =',:-.•�•�-
<br /> pur�a�t to Section 3714 of Cl�apt�37,Tide 38,United States Code. T�~�� � � '��':"':
<br /> ------. . _. An authorized transfea(••assumpiian")of the ProP�Y shall also be subject w addiuonal covenants and agreemer�ts `��`:�,;'°:j: . �-�_�
<br /> s.�
<br /> ' 89 SCt fOIttl 11C10R+: `"��-.•i;. '�, ,.:� .t:
<br /> , '(:, - rl.-_:.
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<br /> (a)ASSUN�"'ITON FUNDING FEE:A fee equa!w on�half of 1 pescent(.50%)of the balance of this Ioan as ' . �� ��=�.=��
<br /> • _ of the date of uansfer of the praperty shall be payabie at tLe 6me of aansfer to the loan holder or its authorized . ' �'==
<br /> agent,�trustee fm the Departme�t of Veter�s Affahs.If the assuma faiLs W pay this fee at the time of uansfer, ., '�`
<br /> ' : . the fee shatl cons�wt�an additional debt tn that already seaaed by this instruument,sha11 bear interest at the raie � -
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<br /> herein provided,and,ai the option of the payce of the indebtedness hereby seaued or any nansferee theaeof,shaU •-':'�s_.
<br /> . � be immediately due and payab2e.'ttris fee is auwmattcally waived if the assvmer is e�cempi undear�he provistons of -. .. -.
<br /> � . ..;.' 38 U.S.C.3729(c). . :.,.
<br /> � • . (b) ASSUMPlTON PROCfiSSING CHARGE: Upon ap;�tion for approval to aliaw assomption of this �•
<br /> loan, a pracess�ng fee may be c g by the loan holdcr or its authar'szed ageat for dctEnnin�g thc , -
<br /> �;� creditworthiness of the assumer and subsequently revising the hoIder's owneiship records when an approved . �"
<br /> _ ' . aansfed is comp2eted.'itie amount of this charge shall not ea�ceed the maximum estabtished by the Depar�nent of • �
<br /> " _ Veterans Affaits for a loan to ahich S�tion 3714 of Chapter 37.Title 38.United Statrs Code applles.
<br /> : • (c)ASSUN�7'tON IIVDEMNITY LIABII.ITY:If this obligation is assumed,then the assumer hereby agrees �
<br /> •, {, to assume all of the obligadons of the veteran under ihe terms of the insvuments cceaang and securing the loan.'lhe .' � °
<br /> . ' � assumcr fiuther agrees w indemnify the Deparunent of Veu�ans Affairs to the extent of any claim payment arising �.
<br /> � . from the gnatanty or�swance of the indebiedness created by tttis instnunent ' .
<br /> IN WI7NESS WHEREOF,Borrower(s)has executed this VA G--�.aranteed Loan and Assumprion Policy Rider. . , .�
<br /> �.�,, ' Lot Nine (9), Block Ztaenty-F.ight (28), Gilbert's Third Addition to the �
<br /> � City of Grand Island, Hall County, Nebraska � '
<br /> . � -
<br /> -= ,-• - , -
<br /> . . � ���-t! � •
<br /> -�.�,. � MICHAEL WAYNS GREC�OR -Horrower EBRA �9 GREGO .Hmrower � ` .
<br /> � .� -Bortowcr -8orrower '
<br /> • VA GUARANTEED LOAN ANO
<br /> , : i ASSUMPTtOH POLICY HlDER � ,
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