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<br /> i APPL# 301-70110014
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<br /> iV.A.GUAHAN'I'CI:D LOAN AND ASSUMPTION POLICY RIDEId ' � `--
<br /> ; NOTICE: T�-�IS I�OAN IS NOT ASSUMABLE WITHOUT _
<br /> � THE A,PPR�VAI. OF THE DEPARTMENT OF VETERANS �
<br /> �� , AF�/�IR� ��3 I'I'� AUTHORI�ED �G�I�T. � ., -
<br /> � THIS V,A. UUARAN'1"E;I:p I.QAN AND ASSUMP7TON POLICY RIDER is madc this 3RD day of .�
<br /> { MAACH � 3 997 ,�d is incorparated into end shall be decmcd to amend and supplement the ,.
<br /> ' Morigngo, Dccci of'I'n�wt e�t Deec1 ta Secure Debt (herein"Security Insuumcnt") datcd of even date hercwith,
<br /> given by U►u undcrxlgnccl(hcrcin"Rorrowcr")to securc Boaowcr's Notr,w �'
<br /> HUM� FEDFRAI, SAVIN(iS & LOAN
<br /> (hercin "I.endcr") , -
<br /> and covering tho Property descrifxd in the Securiry Insirument and locn�ed at
<br /> 510 SOUTH VINE � �"'�
<br /> aRl►ND IBLANTJ, NEBRASI(A 68801
<br /> (P�operty Addreu)
<br /> V.A. CiUARAN'I'BBD LOAN COVENANT: In addiuon to the covenanis and agrcements madc in ihc Security "' �,�==_
<br /> Instrument.Barrowcr and Lcndcr furthcr c�vcnnnt and agrca as follows: ' `'.• -
<br /> If the indebtedness secured hcrcby lw guaruntecd or insurcd under Title 38, United States Codc, such Titic and '�
<br /> Rcguledons issued thereundcr and in effoct on the dnte hcrcof shall govern the rights, dudes and liabilides of ���'�—.
<br /> 8orrower and L.ender. Any provisians oP tho Security Instrument or ather inswments executed in connecuon with " T :;_
<br /> seid indcbtedness which are inconsistent with said Tido or ResulaGons, including,but not limited to.the provision •�-''s
<br /> Cor payment of any �um in sunnecdon wi�h prepayment of the secured indebtedness and the provisinn that the • '���"'�"�' �
<br /> Lcnder ma}�acceleratc payment nf�ho hecurecf indebtedness pussuant to Covenant 17 of the Sccunty Instrument,arc ;� .
<br /> hereby amcnded or negatcd ta U�e cxtent necessnry to conform such insvumenGs to snid TiUc or Regulauons. �. , �='��
<br /> �� LATE CHARGE:At l..cndcr's c�ptian,Darrowcr will pny a"latc chazgc"not cxccecling four per centum(4%)of .;'��
<br /> iha ovcrdue paymcnt whcn pald mare Qitut fiftcen (15) dnys aftcr the duc date thcrcof to cover the cxtra expense - __
<br /> involvcd in hendling dclinqucnt�Aymcn4v,but such "Intcs ch�rgc" shalt not bc payablc out of thc pracecds of any �t
<br /> } sula made to isaUsfy the indebtedness secured hereby, unle.vs such proceeds are sufficient to discharge Ihe entire "`
<br /> - indebtetiness and a3i proper cost�unci oxpenscs sccuraf ncrcuy. �—�
<br /> �:- —
<br /> C3UARAN7'Y: Should thc Dcp�rUnent of Vctcrans Affaire fnil or refuse W issuc its guaranty in fuq amount wi�hin ���:
<br /> 60 days from Iho datc that this lonn would n�rmnlly bccomc cligiblc tor such guaranty commiucd upon by the r —
<br /> Deparuncnt of Veterans AifairA undcr tha pravisi�ns at TiQa 38 of Ihc U.S. Code "Vcterans BeneCits," thc � Y�—
<br /> � M�rtgegee may declare tha indebteelness heret�y sccu�d at once due and payable and may foreclose immediately or
<br /> , . may exercisa any other right�hcrcundcr or tuko any oUicr proper acuon as by law provided. _
<br /> TRANSFER OP THB PROPERTY: If a!I nr nny pnrt c�f lhc Property or any intcresl in it is sold or vansfcrrcd,this � -r
<br /> " loan may be deelared immedintely duo nnd pnynblo upc�n U�efer ("o.ssumpuon")of the property securing such � ,+,,,
<br /> loan to any transferec ("acsumer"), unless tlio ncceptabiliry of Ihe assumpu�n and aansfer of this loan is �'
<br /> ' cslablishcd by tha Dcparuncnt of Vcternns Affalr9 or iGV autharixal agent pursuent to Secaon 3714 of Chapter 37, _
<br /> � Titic 38,United Smtcs Ccxlc. — —
<br /> • '. � An authodzed trnnsfer("assumption")of tho prapeny snall also be subject to additional covena;i�s end agreements _
<br /> as sct forth bclow: -
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<br /> � (a)ASSUMPTION FUNDINa FS(?;A fec cquxl la uno-hulf nf 1 percent(.SOR'o)of the unpaid balance of this �ti __
<br /> loan es of Iho detc of uanstcr of thc property s1iNl ho pnyablo at the time of uansfer ro the mortgagce or its .Y;_.�._._
<br /> . . , ��' �II�I�Q/I7P/I A�ent;e.a tntstr_p frtr►he!fk�p 11H(y11!Bt OI�VI!(P{Htiy/�I�FHII(1, if�h�eccnmrr fails tn nay fhia feE�et Lhe dme of --__•�-w _ _
<br /> �� } uenafer,tha fca shell consdwtc un uctdldonnl dcbt to 1�at�lrcnd sccurcrl b this inswmerit,shall bear interest at the ` a�" "
<br /> � ratc hcrein provided, and, nt thc opUon of thc mnrtgn o0 ofiho indct;tedncss hcreby secured or any vansfcrec . �����'�
<br /> $ t•;1�?�°_
<br /> � `. thereof,shall be immcdiutcl duo And pnyablo.'1'his fca �a eut�muliwlly waivcd if ihe assumer is exempt under the `����,,...
<br /> :.�:,�. _�4,.
<br /> provisions of 38 U.S.C. 372 (c). �-
<br /> . s-, ,,t,,,,,�,,.
<br /> (b) ASSLfMPTION PRO(:ESS1NCi CNAItoG� U n a IfcaAon for n roval to allow assum don and -�����;:.�
<br /> . P� PP PP P, , �'... :' �;:
<br /> .. ' transfer oi'�1 Ts loan,u process ng fec may bc clinr�e�by tho mortgagce or its authorized agent for determmmg the . '�;�;,,��
<br /> crcditworlhiness of Ih� ossumcr nnd eubscyucnUy ravising d�o holder's ownership rccords when an approvcd , � � � ;+,
<br /> transfcr ia complcted. Tho emoum of U�ia chargo shull nat excacct lho Icsscr of �hc maximum cstahlishcd by the ' ' •'. ' �
<br /> . L�cparunent of Veterans Affulrs far n lonn a� which Se�;tion 3714 of Chnptcr 37, TiUc 38. United Statcs Codc
<br /> , applies or nny maaimum prescribed by upplicablo Stnto luw, _
<br /> (c)ASSUMPTION INDEMNI7'Y LIA81l11TV:If ttds c�l�ligntion is nvsumcci,lhcn thc assumcn c�rcby agrces
<br /> to assumc el of thc obligauons of tha vctcran undcr thc tcrrny of tho instrumcnt�crcuqng und sccuring thc loan, •
<br /> , including the obligauon of Iha veteran to indemnify lfic Ikpi►rlmenl nf VeterAns A(fairs to Qie extcnt of n►iy claim
<br /> payment srising from the gunrnnty or insurance c�f ti'o Indeb�edttess crented by Qds instrumenG
<br /> � IN WITNESS WHEREOF,Bonowcr(s)hu.9 cxecutuf Uils V.A.Uuiunnlccd l�mn und Assumpuon Policy Ridcr.
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<br /> � (3ARY L Ax b •Burruwer •Borrowar
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<br /> •Durtowct � v •Bottawcr ,
<br /> V.A.OUARANTEEO LOAN ANO
<br /> A88UMPTION POL,ICV RIDER I !
<br /> �VMP h10tITnAUE FORMB•(800�E21•120 t8r9+ I IIIIIII IIIIII III IIIIII IIII IIII I�II
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