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<br /> ` �-`-�-�:���-=-? VA GUAP;A�T�D LOAI+1�A�UMPTYON POLICY ��R - . — --
<br /> ° "� - i,oAN NO.I5392113fi4 -
<br /> >. I�TOTICE: THIS LOAN IS NOT ASSUMABLE�,��IR�AI�S .. .
<br /> _ � � .-� � .. TH� A�'P�OVI'�S AUTHO�ED AGENNTT OF .� _ ti�_: �-. :�
<br /> �AI�tS OlZ . ��:
<br /> 'E�iIS VA GUARAN"fEED LOAN AND.4SSUMPTION POLICY RIDER is made this 30th day of .
<br /> � � . J anuary 1998 ,and is incorpora�ed into and shall be deemed to amend and supplemeat the _
<br /> ' � Deed of Trust or Deed to Sea�re Debt(hereu► 'SewritS+ �nt") dated of even date herewith. '. .. -
<br /> � � ` �, Mortgage,
<br /> , � given by the imd��(���"Boaower")to secace Borrawer's l�iote to , _
<br /> COLUMBUS FEOERAL SAVINGS BANK (herein"Lender"? _
<br />:'f . ' and located at -�.. . _ -
<br /> and covering the PropertY descnl�in the Seauity Ins�umen� :• •• . . - _
<br /> � y4'�}.;..r;.
<br /> � ' ; _ i Lsi} r
<br /> - ,-�� 307 EAST I2TH STREET,4t00D RIVER,NE 68883 .,. . __
<br /> {��r ..
<br /> - : �. , m►9�m naa�� ���
<br /> '�,� u made in the Securiry `' `I' `.•'a.:T...
<br /> ` � VA GUARANTBED LOAN COVENANT: In addition co the wvenanu and agreemen ` �
<br /> ; ,�-
<br /> ��. ' � � ' fE Iasuument,Bomower and Lender furthcr covenant and agree as foliows: • � '}f,"
<br /> ' tczd or insured under�tle 38, United States Code, such Title and ••r_ , _ �
<br /> : � If the indebtedness secured hereby be 8uaraz► �..,,.,, ,. -- Y..
<br /> duties and liabiliries of
<br /> ��{ � Reg�ilatians issued thereu�der and in effect on the date hereof shall govem the rights, :�.:fT�.�--
<br /> ;i` � '" Borrower and lender.Any provisions of the Sea�rity Instmment or other iustruments executed in con��on with ` �
<br /> :•. �--_
<br /> said indebtedness which are inconsistent with said Titlea r Reg�the secured 'amdebtedaess and th provis on �� =
<br /> provisioa for payment of any sum in connection with preP Y� . � �'� �ri:'=—
<br /> ` ��e Lender may accelerate payment of the secured indebtedness pnrsuant to Cavenant 17 of the Security . •,.,.f�
<br /> .;i. • • Insuvment, are hereby amended or negated to the extent necessai3+to confoTm sush instruments to said Title or �,,;: -;� ,j. —
<br /> � . . Reguladons. r centum(4%)of . ' . ' : �`
<br /> � LATE CHAR(iE:At l.ender's option,Borrower will pay a"late charge"not exceeding four pe ;,f�
<br /> ' � - � . the overdue payment when paid more than fifteen(15)days after the due date[hereof to cover the exara expense _
<br /> ,, ., involved in handlin8 delinquent payments.but such"late charge"sha11 not be payable out of the proceeds of aay
<br /> � sale made to satisfy the indebtedness secured hereby. un1ess such proceeds are sufficient to discharge the entire , ��'y 4
<br /> � indebtedness and all proper costs and expenses secured hereby. _-F,:
<br /> ; . ' _.'_�• GUARANT1f:Should the Departiaent of Veterans Affairs fail or refuse to issue its guaranryA�r�nm tt�e.d�upon�by the •� :�-;
<br /> , -: . . ._ _,, 5Q daps from ttze date that this loan would normatly become eligible for sach guaranty _
<br /> , .. • D e parpnent of Veterans Affairs under the provisions of'ii►Ie 38 of the U.S. Code 'Veterans Benefirs." the __ _
<br /> • • Mortgagee maY dec�are t 1�e in de b t e d n e s s h e r e b y s e c u r e d a t o n ce due and pa yable and may foreclose immediately � �'� . ���
<br /> ',��` � or may eaercise any other rights hereunder or take aay other proper aaion as by law provided.
<br /> . . TRANSPER OF THE PROPERanTY:�r���e���b��of w�e assumpuon ofltheloan i�f�bli hed .. �.
<br /> ., 7 property secunn8 such ioan�o y •. ` `"
<br /> _ . . . . purs�ant to Section 3714 of Chapter 37,Title 38.United States Code. � � ,_
<br /> • � ' An authorized transfer("asswnP�ion")of the property shall also be subject to additional covenants and agreements
<br /> � • as set forth below: �
<br /> •`. � (a)�1SSUMPTION FUND IQG FE h��be payabl atthe ume of tpransfec to the loan holde�r orc ts authoriud • �
<br /> as of the date of uansfer of the p pertY . �
<br /> ' � agent,as trustee for theaD�u�.oen�t�debt to hat already secured by this i�nstrument shall�bear nte es tac tlie r e •
<br /> t h e f e e s h a l l c o n s t i t u t e n
<br /> . herein pmvided.and,at the option of the payee o f t he in de b t e d n e s s h e r e b y s e c u r e d o r a n y t r a n s f e r e e thereof,shall .
<br /> . . . � VA dUARA{UT:=�-�an!AND ASSUMPTION POLICY RIDER .
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