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<br /> . •� ,'� ". NOTtCE: Tt�01S LOAi� IS NOT AS:UM�LE t�NITHOkiT THE 1�1�PR�!//�l. O� � ,
<br /> : � � � � � '�'HE DE�ART�ltENT O� VE�13/�NS AF�ALRS OR IT� . - :
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<br /> � � ' ni�s assunnptiocu PouCY ao�a�s maas�n�s 134h aay m Januanr . 1998 .ene�mcomorama ono � .
<br /> '� � � and shBD be Qeeirted to amend end supptemenl lhe MoRgBga. 08ed of TrusY. or Deed to Secure Oeb! ('tnSUUmenC)af tha Setn9 d8te • . .
<br />. - �� •`� i herew&t►,given tiy tne understgned('Mortgagor�to se+cure the Mortgagors Note 1'�o�e')af the seme date to i1Q1liTED NEBRASf�A ,�, ��.
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<br /> ;. �: � f:� . �s successars artd ess�ns('McrtSaSes')and covering the property d�scrbed tn the lastrument ertd Iocate0 a1: ,. . ... _
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<br />.. : � . � b42 E 18TH ST�3RAND ISl.A�JD NEBAASKA 68801
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<br />- ... Notw3hstanding anythtng ta Me canbary set forth f� the tnsbument, MurtQa88e and MoRgaBOr herehy aGmowtadge and egree to the _
<br />_ • • tollowing: . ' t ..
<br />�;.. ..�� :� 'r GUARANTY: Shoutd ths QeP��t o!Veterans Attabs fall or retuse to issue Rs guarenry b�fuU emount wfthin 60 days irom the Cate . . ,
<br /> " .'�`''� th8t this GDee wauid nosmaUy hecome efig�ble for such guaranty eommltte0 u¢an by the OepBrtrnent ot Veterans Afta6s under the - __ -
<br /> provisiana of TitBe 38 of tha U.S. Code"Veterana Benef�.s'.the MoRgages maY deCtare the o�d�tedness herehy secured at onee due . _ _
<br /> ,-- �. ,+.=.`--� end payabte ana may torectose trnmediatey or may e�cercise any other rights he[eunder ar teke any oi�er DroDer acNon as by taw _.._. • .��
<br /> . • provided. -------
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<br /> ' • TRANSFER OF TIiE PFtOPERT1f: B a0 or any D�ot tAe property or enY interest in �Ls sotd or Vansfarte0, this Ioan m8Y be ;•.�_'-F=-.
<br /> � dectared immediatery due and Payabs upon t�ansfer ('assumptlon7 of the praperiy securing such [oan to eny transfereB ('assumerL ' ; � � --___
<br /> - - `� - uniess the acceptab6ity of the assumpUon end transfer at this toen ts esteDfisAed by tha OepaAment o1 veterans Aflabs br�ts authcri�d . ' - _
<br /> � agent pursuant to sectton 37t4 ot Chapter 37.Titie 38,Un�ed States Code. ,•�__:,,��
<br /> � An authormed Uansier('essumption')of the propertY sAaU atso b9 subject to add�tonal covenants end a(�reements as sst forth below: •-•:���..
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<br /> �1�'�:.- � � � (a)ASSUMPTION FUNOING FEE: A tee equai to on�rtaa of 1 peroent(Sa96)01 the unpatd principal batanCe oi th� (oan ' ' . ,,,�rY
<br /> as af the date of uanster ot the property shali be payabie at the time of 7anster to Ne mortgagea or fts suthorized agent,es trustee tor : �' '. �.;_^�.�;,
<br /> the DepaiUment of Vetflrans Affairs. ff the assumer tails to pay tA(s tee at t8a Ume ot Lrar►ster,the tee 5ha0 constitute an addTlonal debt '���'•
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<br /> to that atready secured by this instrumenb shaU bear tnterest at the rate heretn prov(dsd,and, et the opUon of the mortga988 of the . . _
<br /> indebtedness hereby secured or eny Cansteres thereof. sha0 ba immediatety aue an0 payebte. This tae is automatfcalty welved it tre _-
<br /> '�`� assumer is ex0mpt under the provtsions o}38 US.C.3729(c). � ' +°--��
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<br /> .'. •' � ``_�� (b)I�SUM�TIODD PROCESSING CN/lRGE: Upon applicatlon far approval to aliow assumptton and uanster of th(s loan,a � .u : .�'��,.�.�
<br /> � . .� pracesstng fea may be charge0 by the moRgegee or its autdorlmd agent for detertnining ttie credflwortt�iness of tne assumer and _;
<br /> subsequenUy revlsin8 the holdefs ownership records when an approved trensier is compieted. TAe amount ot this charge shaD not
<br /> �� .`.•��,°�' exceed the�ser et the maxbmum establEShed by the Oepartment of Ve�ans ANabs for a loan to which Secdon 3714 of Chapter 37.Titte �.����.. . • _��-
<br /> ' �'�";`;.`_r 38.United States Code appiies or any maxtmum prescrmed bY ePD�icab�e State law. •� ,� :..T��
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<br /> - •:{ (c)ASSUMPTION INQEMNITY LtABIL1YY: t�L+�,is obligation is essumed,then th9 essumer hereby 8�aes to a3sum8 a41 ot ,.� ,,,,.,.,_�h
<br /> • �' ' ehe obligattons qt the veteran under the tertns ol tAe insuuments creating and securmp the Wan.TAe assumer turther agrees to indemnity
<br /> the Oepartmeoi of veterens Affaus to tAe extent of eny ctaim Dayment adsfig hom the guarar+ry or ms:c.ance ot the�debtedness created . , . - _
<br /> � ' by this insttument. . �t '. .---
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<br />:.,5r:; . � � IN WiTNES3 WHERE�F,the grarrtor has hereunto set Ais Aand and seal on the Aay and year tirst hereinbetora�ar�3:en. ': . , �
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