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<br /> � `I.A.GUA�1�'d'E�ID LOA1V AND ASSiJ1d1PTION POI.IC7t R�Ei3 . • . ,, ,��=
<br /> I�10TICE: TI-�IS L0�1 IS NQT ASSU1ViABLIE WI�'�3�UT "� � � � �
<br /> � ��
<br /> TI-� APPROVAL O� TI�E I�EP�TG�IE�,NrT �F �ETERANS . , . =
<br /> A�'FAIRS OR ITS AU°TI-�ORIZED �� �` L - ` ��
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<br /> _ TEIIS VA GUARANI'EED LOAN AND ASSUN�'ITON POL.ICY RNER is made ihis 27TH 2cxncai the `-�--- �-`--L- � ---� --
<br />— �pgy 1997 .and is incarporated into and sball be deemed to amrnd and supp .-
<br /> Martgage, Deed of Tnut or Deed tn Secure Ikbt (herein ••Security Instrsiment") dated of even date herewith, � • ;.,.--
<br />.. given by the undersigned(herein"Borrower")ro se��ue Boirower's Note to � s.�;y .
<br /> � HOMS FSDBRAI+ SAVTld(�S & Lo� m«�;� °,�,a�°� ,:. _---.._ .... ...,��
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<br /> and covesing We Pcopeaty descdbed in the Ser�uiry Insm�ment and tceated at � : � . . �
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<br /> ' 2823 S HLAZNE • ' � "`�-'�"`'—
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<br /> � GRpiND ISI.EIND. NEBRASRA u8801 , •��°""�"-�:^-
<br /> N �----
<br /> (property Address) . �,��•�_'� -�
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<br /> VA GUARAN'[EED LOAN COVENAIVT: In addition to the covenants and agreements made in the SecuQitY . �. .�:'���
<br /> ' Instrument,Bflrmwer and Leader further cov�Y and agree as foIlows: . .
<br /> If the indebtedness secured herebY 6e g�ara�'d or insUmd under Tide 38,United States Cade,such Title aud '' �-�-��—s _
<br /> � Regulatinns issuad �er and 'm effect a3 the da��h�t o�gerYinsm�men�execu�ed m csonna�on with "�`';��
<br /> on ���,,•:`;."-�=
<br /> gaaaower and Lender.Any provisinns of the Security .- --��- ..•--�
<br /> szid indebtedness w6ich are mconsisteat with said Tifle vt Etegulations,mcluding,but not limited to,the provision ��
<br /> ent of the sacured 'u�debtedness and the pmvision thtst the • -= j«w��,..._:�.
<br /> �� for paymwt of any sum in connection with PreP�Ym --- ---- .
<br /> Lender may acceterate Pal+ment of the secured indebtedness puzsvant te Cuvenant 17 of the Secunty Insuument,are :., ;'-, ,�.€ _ ,,�
<br /> amended or negated w the ea�tent necessary to confomn such msr�umeuts to said Title or Regulatiflns. ';.^t,�'.-r�.
<br /> hereby ,.: i
<br /> , :�,:;,tf�"�:�i-
<br /> LATE CHARGE:At I.snder's option.Borraaer w�71 pay a••late cha�ge„not eaceeding four pea centum(4�'0)of . . ;;✓`. ��, -___
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<br /> _ _ the oveadue paymeW.whea paid mare than fifteen(1�days after the d¢e date there ie n of ththe eactra oex fens$ : �` t:;N�, � � ;.� ;.� �
<br /> i a v o l v e d i a 6 a n d l i a g d e li n q uent p a y ments,aut sucb `late c�rge"shaII not�pa��t� . e t h e e n t i r e �� -: �.,
<br /> satisfsr the indebtedness sec�d hereby,tmless such p r o c e e t l s `b� � ' ' �n
<br /> sata made to ��y, t:_; ' �,
<br /> indebteduess and al�pmped costs and ex�s�+secured •T . . �;,: ',�:f;.
<br /> p ty .,. ,�,•.�'s..;,���.
<br /> (iUARANTY:Shauld ths Beg�rtn►ent of Veterans AS'a�.^�fail or refuse w issue its gaardn in fuU amount wilhiF► . f(�,• �'��,� ' ,
<br /> ` 60 days from the date tUai c�i�loan would nom�ally�me eligi'ble for such guaramY wminiued upon bY� ,,: .�^'�••�i��:� -���.
<br /> tU �,t
<br /> I)epamnent of Vetraans A�'r�s undea the provisions e�'Tifle 38 of the US. Code "Veteians Benefits; tine r,�,�s4:4��y s,
<br /> Mongage�rnay dec1�'e!&e u►debtedne�s hereby se�re�at once due and payable and may foreclose immediately cc ,;,s:,�� -�:.,� �,
<br /> may exerc�se any o�her nghts hereunder or take anY other proper actia�as by law prov�ded. ��'�'�.:::�+
<br /> ,.. ,:,�',� ,.
<br /> int�est'ra iz is sotd or uansferred,this _ _f:rsH�:�`��`�;ii�.<,':�`
<br /> --. TRANSFER OF TF�PROPERTY:1f all or any part a`.2he Property or anY r.d�:.; `, �.: �
<br /> � sec�in Vuch �'`
<br /> loan may be dectared immediately due aud payable�nn uansfer(••assumpdon'�af�ie pmpertY 8 "'``f�,� , f, . '��•
<br /> ee ••asgur�^)� nnlass the ��ability of the assumption and tiansfer of tLis loan is ...g,�'�'^,. ' , �_F�.,.__
<br /> loau to any aansfec ( �-•
<br /> esta6lished by the Depami►ent of Veteians��airs or Fs�►thorized agenc pursuant w Seccti�on 3724 of Chapter 37, � � �.^�,
<br /> � rttle 38.Uaited States Code. �:�.:�- �
<br /> • �;.;:.' R-
<br /> An sutborized tiansfer(••assumpdon")of the propeaty shail aLso be subject w additional coveaants and agreemeais _ •.-:.�,. .,�_'--.-
<br /> as setforth below: �'`T"���'__
<br /> �euif:�J�:m�.:.�..°
<br /> �• (a)ASS1JIu�TION FUNDING FEE:A fee e4na1 w��able at the�time of0%�er to the ortgagez or its �=�+: ,- ' -
<br /> l o a n a s af the of aransfer of th�e propeny shall �'�`''� _
<br /> authorized agent,as uustee for t he D e p a n men t o f V e t e a a n s A f f a i t s.I f t h e a s s u m e r f a i l s w p a y t h i s f e e a i t h e d m e o _ >•:r---_-:;'��
<br /> transfer,the fee shall coasdmte an ad d itional debt to that already se�aued by this instmment,shaU bear interest at the ' " �.",_�
<br /> �,�.�.�LL__. -
<br /> . rate herein provided. and,at the opdon of the martgagee of the mdebtedness heaeby sec�ued or any transferee �___�_
<br /> �,I�.��;;,:, "
<br /> thereof.shall be immediaie 3y due an d pay a b l e.Z T►i s f e e i s a u w m a ti c a ll y waived if the assumer is exemgi under the .;=�'•�:<...�:���.. _--
<br /> provislons of 38 US.C.3729(c). .•. �
<br /> ..� , ..,,
<br /> � (b) ASSiIMP'IYON PitOCESSING CHARGE: Upon applic�tion for appmval to a1low assutnption and ,',.�
<br /> tzansfer of loan.a piocessin8 fee may be charSed by the mortgagee or its authorized agent far detetmining the a r; �
<br /> � crediiwonhiness of the assumer and subsequeatly revising the hoWer's awnership records when an approved .�;�;�.:•-.,�:=_ .
<br />� ' transfet is completed.The amount of this charge shall not exceed the lessea of the maximum established by the ^�.,.;,.;::: � _,_ `
<br /> . Deparlmeat of Vet�aans Affaiis for a loan w which Secdon 3714 of Chapter 37,Title 38,United States Code �_:��
<br /> ' applles or any maximum pmscribed by applicable State law. ���_�__-..°.���
<br /> =.�:.s.3��['t•ko�.�w:
<br /> . ! � '.'i. '�
<br /> (c)ASSUMPTION INDEMMTY LIABII.TTY:If this obligation is assumed,then ihe assumer hereby agrees �ri����
<br />�,' �� to assume all af the abligations of the veteran under the te�nns of the insbvments creadng and securin 1he loan, ��h;�,'�'?�;rt�,:r.:�e
<br /> . • • •-^
<br /> • ' ` including the obligation of the veteran to indemnify t�e Department of Vetc�ans Affairs w the extent o any claim . ;',���n,;,{�,.�, _
<br /> payment aristn8 from the guarant3+or insvrance of the indebtedness c�reated by this instnunent p=��?r�:n�:°'=
<br /> . : .�..t,:
<br /> � :? IIV WI'I'NESS VV}�EREOF.Barrowerts)hns eaecuted this V.A.Gusmnteed Loan and Assum��rs 8oticy Rider. ,.-..;,...,,.. ::,,�•-
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<br /> � RICHARD A $RYANT� -8oaower IA E HRYANT •Bonower • - . ■-.-.__
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<br /> .Hoaower •8c-a�et , ' . .���_-
<br /> • . V.A.OUARANTEED LOAP1 ANO • • .: �
<br /> ASSUMPTtON POLICY RIDEFY II q�� I �� '.
<br /> 5/94 .,. �
<br /> � .538��05� 11111911l��:��,:�.►�:���1(����1I��181 � -
<br /> �VMP�AORT6A6E FORMS•(800)5214297 • -
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