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<br /> � . VA GUA�AI�TEED LOAN AND AS3iJNi�ON FOLICY R@EIt . � • <- ' -�` � �
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<br /> . . r � � NOTICE 2173so , . . . � . .
<br /> TI�iIS L�AN IS Ie10T ASSUNIt�BI.E ��'�R�NS .
<br /> : . - THE APPitO�AL OF,1,��ZED ATGE� �� V � � :
<br /> . AFFAIIZS OR ITS AU ==- �� .. -
<br /> • . ON POLICY RIDER is made this 20th day of , ,
<br /> • ' THIS VA GUARANTEED 1.�AN AND ASSUMPFI lement the " . ' �:1,.�:�
<br /> February 1998 ,aad is iacorpotated into aad shall be deemed to amend and s�►PP <�,�.;�--
<br /> , Deed of Trust or Deed to Secure Debt(herem�Se�ntY Instrumeat")dated of even date herewith, �-,r
<br /> Mortgage, -�`� ` ,
<br /> .�''{ given by the�mdtrsiSned(herein°Botrower°)to secure Borrower's Note to - =-'.
<br /> ' COLUMBUS FEDERAL SAVINGS BANK �hereia't.ender') � , : r�=--=:
<br /> � � and covering the Property described in the 5ecurity Insorument and lacated at ._ _�_
<br /> , 1223 41 4TN STREET,GRAND ISLAND,NE 68801 .� � � :-°---
<br /> _ _ � - -__ ���,tyaaa�� - � __ _.
<br /> :�� �': ^
<br /> _ ,i:�.; u made in the Securtty . -`
<br /> . VA GUARANTEED LOAN COVENANT: In addition to ttee covenants and agreemen . : „. —
<br /> `.': Insuamen�Bonower and Lender further cove�t o ra s�u u der T tle 38. United States Cade,such�tle and . :. �
<br /> � � •--'°° If the indebtedness s e c u r e d here by b e g u a r a n
<br /> .r ' '_�t� 4-_S.t�._��._�J.
<br /> , . Regulations issued thereunder and m effect on the date�he�r�ft o�th rv'ms�trumeIItsae.�xecut�oo d.�nnecuon with '. .,�.�''-_z•-'�.'_•i s
<br /> gorrovver and I.ender.Any Pro�lsions of[he Security �
<br /> .:.. :, ": said indebtedness which are inconsistent vri t b s a i d T i t l e a r ent o�f t�he�s�ecured inde tedness and the provis on � .•; � �
<br /> � : provision for payment of any svm ia coanectioa with prePaym . : _
<br /> ` that the Lender may accelerate payment of the secured indebtedness puisuant to Covenaat 17 of the Security , ,.,�����
<br /> ,w-- -
<br />��� � " Inswment,are hereby amended or negated to the excent necessuY to conform such instnuaents to said'i'ide or i
<br /> J I�i.`��.u..
<br /> , . , , Regnlauons. • .. •�`'--
<br /> • • '�` I,pTE CHARGE:At Ixnder's oprion,Bormwer will paY a"late charge"not exceeding four per centum(4%)of ,�-
<br /> ent when paid more than fifteea(1�daYS s�iter the due date thereof w cover the emta eapense s._
<br /> , . the overdue paym �,but such'late chatge"shall not be payabte out of the pmceeds of any .. :_�
<br /> imo lv e d in h a n d l i n g delin q uent Pa Y�
<br /> , ._ sale made to satisfY the indebtedness secured hereb e y�, unl ti snch p r o c e e d s are su f fi c i e n t c o dischar ge the entae ;,.;� , ,� -
<br /> in d e bt e d aess an d a l l p r o p e r c a s t s a n d e x p e n s e s s e c u r Y '`''°�"�
<br /> , ., . tn fnll ar4ount within �''"..'�
<br /> . �; �:_':
<br /> ' � GUARAN7'Y:Should the Departrnent of Veterans Affairs fail or refuse to issue its guaran��tted upon by the " . "� ���:�
<br /> ' 60 da ys from the date t hat t h i s loan would normally become eligible for such guaranty . ..-
<br /> � Department of Veterans A f fairs un de r t h e p r o v i s i o n s o f T i d e 38 of the U.S. Code 'Ve�erans Bene fi t s." the �::_„�•,�;:;.
<br /> � � Mortgagee maY declare the uidebtedness hereby secured at once due and payab2e aad may forec lose imm e d i a t e l y . '��.__.
<br /> m ..—
<br /> or may exercise any other rights hereundsr or talce any other pmper acdon as by law provided. _M
<br /> TRANSFER OF THE PRUPERTY=Th�1oan�l'be declared immedia�ely due and payable upon uaasfer of the - ���
<br /> '. � .. ���; propercy sec�u1nS sucb loan to any transieree,unless the acceptability of the assumpuon of the loan is established . •:.��.•
<br /> , pursuant to Sectioa 3714 of Chapter 37.Title 38,L'�:c�States Code. �::�:
<br /> � . . ' An au t ho r i z e d transfer("assut°prion")of the propercy shall also be subject to additional wvenants and agrees..°nts .
<br /> ' � • as set forth betow: . ''.
<br /> • �a�p�UM�rtoN FL�NDING FEE:A fee equal to one-half of 1 percent(.50%)of the balance of this loan
<br /> as of the date of transfer of the P nt of Ve�terans Affairs If the 1assu��tf�ls to paythis fee tl the t me of t�ransf�er. , .�
<br /> agent.as trustee for the Departm ,-
<br /> . , � the fee shall constitute��o�tion of the payee of the�'�ndebtedness hereby secured or anyl uansferee thereof.s��1� . ,• ' ,. �
<br /> • herein provided,and.at th p
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<br /> �.F . . VA OUARANTHED LOAN AND ASSUMPTION POLICY NiDEH , . . .
<br /> . � , . 1/95 . '
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