|
� •�
<br /> .:� � �, � ,, � .
<br /> ..,wre►rtmw�.., ,, � . . ::;.�-.
<br /> ,. . , �
<br /> . , ,.. .. �?;LU
<br /> 97- lU�.�1'�
<br /> VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER -
<br /> ' LOAN N0.1539216762 "''
<br /> -.;-•-� IVOTICE: TI-�IS I�OAN IS NOT ASSUMABL� �JVITHOUT , -`:�
<br /> ��' THE APPRO`IAL OF THE DEPARTMENT OF VETERANS �;;
<br /> AFFAIRS t�R ITS ATJT�IORIZED AGENT. �'�
<br /> THIS VA(3UARANTEED LOAN AND A5SUMPTION POLICY RIDER is made this 26th day of __
<br /> February 1997 , aad is incotporated into and shall be dcemeci to amend and supplement die
<br /> Mortgage. Deed of Trust or Deed ro Secure Debt (herein "Sece�riry lnstrument') dated of even date herewlth, :��'�
<br /> . given by the undersigned(herein"Borrower")to secure Bonower's Note co ��'-
<br /> , �, COLUMSUS FEDERAL SAVINGS BANK -
<br /> �. (herein"Lender") _
<br /> and covering the Property described in the Security Instrument and located at �=
<br /> � ''�-
<br /> v�, --
<br /> � .` 2214 VIKING ROAD,GRAND ISLAND,NE 68803 `"�-
<br /> ,, --_-._
<br /> . .+�• (Properry Addrcss) __--
<br /> . VA CiUARANTEED LOAN COVENANT: In addition to the covenaats and agreements made in the Security
<br /> . .. � Instnunent,Borcower and I.ender further coveaant and agrce as follows: '•___
<br /> - o '��� If the indebtedness secured hereby b- guaranteed or insured under Title 38,United States Gode, such Title and -�—__
<br /> Regulations issued thereunder and ia effect on the date hereof shall govern the rtghts, duties and liabilities of
<br /> � Horrower and Lender. My provisions of the Securlty lnstrument or other insuuments executed in connection with ._y-
<br /> � � ,�� said indebtedness which are inconsisteat with said Tltle or Reguladons, inclnd'u�g, but not limited to, the �`
<br /> ��, grovisioa fQ:ga;mm�nnt ^f?ny ann, ���.�,nnP.cdon with prepayment of the secured indebtedness and the proviaion �'_
<br /> � that the Lender may accelerate payment of the secured indebtedness pursuant ro Covenant 17 af the Security _
<br /> Instrument, are hereby amended or ne$ated ro the extent necessary to conform such instniments to said Title or E..
<br />��' Regulations. _
<br /> LATE CHARCiE:At Lender's option, Borro�ver will pay a"late charge" not exceeding four per centum(4�O)of _
<br />-'''' ' ' tbe overdue payment when paid more than fifteen(15)days after the due daie thereof to cover th�extra expense c
<br /> ''' '' � involved in handling dellnquent paymenta,but such "late cbarge"shall not be payable out of the praceeds of any .
<br />'��,�'•,�=;.,iY;r4'..� sale made to satisfy the indebted.ness secured hereby, unless such proceeels are suffcient to discharge the entire _
<br />-- -„, . . indebtedness and all proper costs and expenses secured hereby. —
<br />!�'""'�:,� �� �`� C3UARANTY:Should the Department of Veterans Affairs fail or refuse to issue its guaranry in full amount within -
<br />�..r 60 days from the date that this loa�i would normally become eliglble for such guazanty committed upoa by the __
<br />�`�,� Department of Veterans Affairs under the provisions of Tide 38 of the U.S. Code "Veterans Benefits," the —,—
<br />��,�°,�`.�:;•°, Mortgagee may declaze the indebtedness henby secured at once due and payable and may foreclose immediately _
<br />��,:.�::.::: �:.: ... or may exercise any other rights hereunder or take any other proper actlon as by law provided. _
<br /> -- :����Yt+Y.
<br />-�=;,�:-� TRANSFER OF THE PROPERTY:This loan may be declazed immediately due and payable upon trensfer of the �
<br />---'Y�" property securing such loan to any traasferee,unless the acceptability of the assumption af the loan is established __,
<br /> �^T'�'re�s� pursuant to Section 3714 of Chapter 37,Title 38.United St�tes Code.
<br /> ���t�::'-'>;
<br /> �:::.`, ..� + An authoriaed uansfer("assumption")of the properry sha11 also be subject to additional cavenants aud agreements
<br /> " '"""' as set forth belo�v:
<br />_i�,..��� E .r _
<br /> ���:�.,-,U.,� (a) A�SUMPTION FUNDINd FE$: A fee equal to one-half of 1 percent(.SO%) of the balance of thie loan
<br /> �`'=:�;`;:�� as of the date of uansfer of the property shall be payable at the time af tra�sfer to the loan holder or Its authorized
<br /> _,�:�s,�-� agent,ns tn�stee for the Department of Veternns Affairs. If the assumer fails to pay this fee at We time of transfer, :�_
<br /> the fee shall wnstitute an additional debt to that already secured by this in�uument,shall bear interest at the rate �'_'=
<br /> ^��,,.,,�._ —
<br /> --:�,r,,,;.• . hereict provided,and,at the option of the payee of the indebtedness henby secured or any transferee thereof,shall _;
<br /> - ''y�' ' i
<br /> � VA�UARANTEED LOAN AND ASSUMPTION POLICY RIDER _-
<br /> • ��6386 is6oa�.ot 1/96 -- .
<br /> �
<br /> - ' " VMPMOflT6A6EFOflMS•18001627•7291(/„ I�IIII�II�I��IIIIIIIiIIIIIII�IIIII� ,'-•.`�'-''
<br /> -' - Pape t ot 2 MW W/85 �M�Ie�s:�!G I
<br /> " (,�`-L „y_.`�;�_—
<br /> y .
<br /> ,,�;`
<br /> r
<br /> • . _Y
<br /> ..!w''��� ...
<br /> �.
<br />— _ --j�- --- ` ---
<br /> __'._'_._'_..__.�...-� _ ___ µ _ .__._..
<br /> Y i�y�>Y!M�^�I✓�T�.--....-��r '� .._� i1 •�{�A�� �'�awYrr.� .....�._.��.
<br /> '�i di��u��4iM��iw�"dR"'"'i�'L"• ' ' .
<br /> • ' ,. �,
<br /> , „
<br /> • �� • ,
<br /> ;` �
<br /> , -�--�+- _
<br />
|