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<br /> ' � . � dA GU�1RA1�iTEF.D LC9APi��.SSUMP'P101at�LI�Y RIIDER . . .
<br /> ` �-.�_�� LOA1v No.10-1270 - ---
<br /> � ° - NOTICl�: 1'�-IIS LOAAT IS 1��`T A�SLfI+/i�LE �TIT�I�S i ;
<br /> � - �� - �: 'I'I3E APPptOi�AL. ��I��RIZ�D AGENT OF VET��tAN _ . . ,.,:,,
<br /> < . . A�F�IRS OR IT� A .�� _
<br /> � - � THIS VA GUARAATfEED LOAN AND ASSUMPTION POLECY RIDER is made this 23rd lement the • ' ��(.
<br /> � , �F. February , 1998 ,and is incorporazed into and shall be deemed to amend and snPP , �. � ,:�'=-,
<br /> or Deed to Secure Debt(heteia 'Secutiry insnvment")dated of even date herewith, :�,�•.- _
<br /> � . • , Mortgage, DeEd of Tn:st . . . ' -
<br /> ,�;�` N�la3ary Mortgage,�A�yo�9 �Po ati�Bormwer•s Ko�e co � ' � .
<br /> - (6eieia"l.ender') `. ��
<br /> �_.�__
<br /> - � - and covering the Propertl+descn'bed in the Securiry Insauiuent and tocated at . , � ^_
<br /> • � • x. �-----
<br /> � �. 703 Church Road,Grand Island,Nf 69801 - �� • w _
<br /> �:. . -_, �y aaa�� ��_: ._..' ..���_r-
<br /> , •_ ' ..,�;` .R --
<br /> VA(3IJARANTEED LOAN COVENANT:In addition to the�:enants and agreements made in the Securiry : . �-�.
<br /> ' . _ Inscniment,Botrower and l.ender fiuther covenant aisd aSrec as foii�ws: ,yr�--_
<br /> a
<br /> ' If the indebtedness secured hereby be guaranteed or insured uader Title 38,Uaited States Cade,sucb Tifle and : .,.�..:;,..:�:=::
<br /> .. . . Regulaaons issued[hem,under and m effec[on ths claie hereof shall goverm s�e rights, duaes and liab�ides of ::...il�...•�-�_,
<br /> _ Borrower aad l.ender.Any provisions of the Sec�ity lnsm�ment or other instr�ents execu'ed in oonner�ion with :,- i� ..
<br /> said iadebtedaess wtncb aie mconsistent w►th said Title or RegWacioas, incIuding, buc not lunited w. the •. '�'��;-
<br /> . . Pmvision for payment of any sum in connecdoa arith prepaymeut of the secured indebtedness and the provision �.,�.'i i:•:��'
<br /> , that the Lea�der may ascelerate paYm�t of the sec�ued indebtedness pursuant to Covenaut 17 of ffie Secarity .
<br />- . , Ins�aat, are herebY�aended or negated w the excent necessaiY to conform such insmttneats to said�tte or '.�::
<br /> • . . - Regtilatioas. � =
<br /> ;..�ere=�'
<br /> I,p'I'E C7��RGE: At l.ender's opuon.Borrower ari11 pay a'late charge'not exceeding four per oentum(4�)of .�: ';:'�.
<br /> . . ' the a�e:�..-�paYment whea paid more than fiheen(15)daYs after che due da[e thereof to cover the exua expense � �.� .��ID.
<br /> • involve�is handling delinquent payments.but sach"late char�e°shall not be payable out of the pmseeds of aay � •�• _ �,�.�
<br /> sale made to sarisfy the indebtedness seaued henby,unless snch pmceecis are sufficient to discfiarge tLe entire _.__
<br />' � indebtedness an�all pmper cosu and expenses secured hereby. �,,.�,;_._°
<br /> • GUARAN'I'Y:Should the Department of Veterans Affaus fail or refuse to issue iu guaran� ���IIt y�e g��'--�-
<br /> � 60 days from the date that this loan would normally become eligible for such guaraaty , . :;;�_J
<br /> Department of Veterans Affairs under tlae pravisions of Title 38 of the U.S. Code °Veterans Benefits,° the . . �;" ,ri.�-�:•F
<br /> � � ._
<br /> Mortgagee maY declare[he indebtedness hemby secured at once due and payable and may foreclose irnmediazely ,.,��__
<br /> or may exercise any other rights hereunder or take any other proper action as by law provided. -T_- _
<br /> � � ' � TRANSFER O F THE PROPERTY:This loan may be declared immediately due and payable upon uansfer of the
<br /> _ . , ro rry securing such toan to aay aansferee.un2ess the acceptability of the assumprion of the loan is established '�'
<br /> �•
<br /> :. • pius�uant to Se�tion 3 7 1 4 o f C hap t e r 3 7,T i d e 3 8,U n i t e d S t a t e s C o d e.
<br /> . ' An auL':�orized transfer('assnmption")of the property shall also 6e subject to additional cu�eAants and agteements . .
<br /> as set forth below: •:`.,,1;,:.,. . -
<br /> . . , (a)�►SSiTMPTION FUNDING FEE:A fee equal co one-half of 1 percent(.SO�Y)of the balaace of this loan ;; •. .
<br />' 'r ` • � as of the date of transfer of the property shall be payable at the time of traasfer to the loan ho2der or its authorized '".:�:' '��,�._
<br /> '• agent,as tn�stee for the Dcpartmenc of Veteraas Affa�rs. If the assumer fails to pay this fee at the time of uansfer, ,
<br /> th�fee shall constimte an additiona3 debt to that already secured by this insttument,shall�ezr interest at the rate
<br /> , herein provided,and,at the option of tbe payee of the indebtedness hereby sec�red or any tr'ti.sferee thereof,sha}1 . • � : •
<br /> , , •;4 .
<br /> • � VA QUARANTEED LOAN AND ASSUMPTION POLtCY RIOER , _ �
<br /> ' . . �-5388 i9soa�.o� t/95 ' . �
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