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i ,`� , f« +3- � - � . ,,.. � . . .r-r�wt•..__...�_,r..� — `k•�'�'--- ' �i . _ . .. - . ...; .. • - ^ -- ..� . . _.«...... .. .. .. . . . .. ��- . c — f �l.y. .. 1 VA ASSUMPTION POLI�Y RIDER . ��j10�,6 { NOTICE: THIS L.OAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF a� THE DEPARTME�iT OF VETEf�ANS�►FFAIRS OR ITS �r. � �,. .�� AUTHORIZED AQENT. � . ��-- �,�� __ , ; THIS ASSUMPTION POLICY RIDER is mede thls 30th d8y Of Janua�ll , , 99 ,end is ktCOrporl�tod Into and shall be daemed to emend and supplem�nt the Mortpaqo,Deed of Trust,or Deed to Secure Oobt("InstrumanY)of thq eame dato ' t herewith,gNen by the undersqned ('MOrtqayor') to secure the Mortqaqars Note ('NOte')of the seme date to UNIT�O NEBRASKA ° aaNK • �, its suacessors and essigns("Martgagea")and covering the oroperty described h the Instrument and locetad et: 4321 MICHIGAN GRAND ISLANO NEBRASKA 68803 _ _ P�ap•rtr�aarns � hln to the conlra set �orth In the Instrument, Mortgapee end Mortgagor hereby ad�nowledQe and apree to the NotwithBtAnding enyl g �Y � �� folbwing: --- GUARANTY:Should the Department ol Veterans Afteks fail a reiuse to issue Ns guaranty In tull amour+t withln 60 days hom the dats � ' that this loan wouW namaiy becane elpible for such guerenty committed upon by the Oepartment d Velerans Attaks under the ° � �. provlslons of Title 38 of Ihe U.S. Cade 'Vetorans Benefits", the Mortpaqee maY dea�ere the hdebtedness hereby secured at once due _ and payubie and maY foreciose trnnedlalely or may exB�CiSe flny ott�er rlphts hereunder or take any olAer proper actbn e8 by I�w prov(ded. - TRANSFER OF THE PROPERTY: It au or any part of ihe property or Qny interest in it is sold or vans�erred, thls loan may be � declared immed�tely due and payahle upon transfor ("assumpllon") of the properly securinq such ben W any transferee ("a6sumer"), ____ __��_ uniess the acceptabWy d tFse assumptian and transfer of th(s ban is est3blished by the Department ol Veleran8 Affalrs or its authorized � agent pursuant lo section 3714 of Chapter 37,Tltie 38, Unfted Slates Cotle. • An authorizod transter("essumption')of the property shaN also be subJoct to addkbnai covenants and epreements as set forth bebw: (a) ASSUMPTION FUNDING FEE: A fee equal to one�haM of 1 perCent (.60%)oi the unpaid principal balanCe of this ban as of the date of transfer of the p�operty shall be payable at the time of transter to the moRgapeo or�s edhorized apent,as trustee for � the Department of Veterans ABaks. If the assumer falis to pay this fee at the tkne of transfer,the fee shal constitute an addRbnal debt " - • ' to that akeady secured by thls tnslrument, shall bear Interesl at the rate heretn provided, and, at the aplion of the mortpaqee of the - , indebtedness hereby secured or any transferee thereof, shall be immedfetely due end payable. This fae is automatbeliy walved if the . ' assumer is exempt under ihe provislons of 38 U.S.C.3729(a). (b) ASSUMPTION PROCESSING CFiARGE: Upon appl�atbn tor approval to albw assumptbn and trensfer of thls bnn,a _� � processing tee may be charqed by the moAgagee or its aulhorized agent for determhing the creddwalhk�ess of the asaumer and `i � subsequentry revising the holder's ownership records when an approved transfer Is completed. The amount of this charpe shall not ' . r r exceed the lesser al lhe maxknum establlshed by the Department of Veterans AftaYe for a loan to whbh Sectlon 3714 of Ghapter 37,Tkle � 3g, United States Code applles or eny maxknum preSCribed by appl�8ble Stete law. ' � . (C) ASSUMPTION INDEMNITY LIABILITY: If this obllgation is assumed,then the assumer tieraby a9rees to assume all ot • the oblfgatbns ol the veleran under Ihe terms of the Instrumenls creaNng and secahg the loan.The assumer further agrees to�ndemnily - _� the Department of Veterens AHalrs to the Bxtent of any cla(m payment arishg lrom Ihe guaranty or insurance qt ihe indebtedness created . . by this instrument. __ _ - IN WITNESS WHEREOF,the grantor has hereunto set his hand and seal on tne day and year first herenbefore written. _ _ , i — - _� �� (SEAL) — - , Ma��o•oo� DO A D B BTGG II - Y f (SEAI.) ° _ i LI AN I GS _ _J ( (SEAL) — � Mortgaqor —V � ! I (SEAL) I Mo:tp�qor j — S �,nco�n+o le v�� , I _ I � „n•� I �