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20110�9�� <br />VA LOAN RIDER <br />NOTICE: THI5 LOAN IS NOT ASSUMABLE WITHOUT THE <br />APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS <br />AUTHORIZED AGENT. <br />THIS VA LOAN RIDER is made this 21st day of October , 2011 , and is incorporated into <br />and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (herein <br />"Security Instrument") dated of even date herewith, given by the undersigned (herein "Borrower") to secure <br />Borrower'sNoteto CharterWest National Bank <br />(herein "Lender") and covering the Property described in the security insttument and located at: <br />3753 Deerwood Ave Grand Island , NE 68803 <br />Property Address <br />Guaranty or Insurance of Loans to Veterans: In addition to the covenants and agreements made in the <br />Security Instrument, Borrower and Lender further covenant and agree as follows: <br />Regulations issued under 3 8 US C Chapter 37, and in effect on the date of this Security Instrument, shall <br />govern the rights, duties, and liabilities of the parties to this loan and any provisions of the loan <br />instxuments inconsistent with such regulations are hereby amended and supplemented to conform <br />thereto. <br />Acceleration Clause: This loan may be declared immediately due and payable upon transfer of the property <br />securing such loan to any transferee, unless the acceptability of the assumption of the loan is established pursuant <br />to 5ection 3714 of Chapter 37, Title 38, United States Code. <br />Funding Fee Clause: A fee equal to one-half of 1 percent of the balance of this loan as of the date of transfer of <br />the property shall be payable at the time of transfer to the loan holder or its authorized agent, as trustee for the <br />Department of Veterans Affairs. If the assumer fails to pay this fee at the time of transfer, the fee shall constitute <br />an additional debt to that already secured by this instrument, shall bear interest at the rate herein provided, and at <br />the option of the payee of the indebtedness hereby secured or any transferee thereof, shall be immediately due and <br />payable. This fee is automatically waived if the assumer is exempt under the provisions of 38 U.S.C. 3729(c). <br />Processing Charge Clause: Upon application for approval to allow assumption of this loan, a processing fee <br />may be charged by the loan holder or its authorized agent for determining the creditworthiness of the assumer and <br />subsequently revising the holder's ownership records when an approved transfer is completed The amount of tlus <br />chazge shall not exceed the maximum established by the Department of Veterans Affairs for a loan to which <br />Section 3714 of Chapter 37, Title 38, United States Code applies. <br />Indemnity Liability Assumption Clause: If this obligation is assumed, then the assumer hereby agrees to <br />assume a11 of the obligations of the veteran under the terms of the instivments creating and securing the loan. The <br />assumer further agrees to indemnify the Department of Veterans Affairs to the extent of any claim payment <br />arising from the guaranty or insurance of the indebtedness created by this instrument. <br />� � �� <br />, �� �. ��°�`�"' (Seal) (Seal) <br />��W Ray D Gibson ��W�' Teresa A Gibson <br />Bortower <br />(Seal) <br />Borrower <br />(Seal} <br />18498.CV (7/I1) 906293 GOTO(0019e52b) <br />