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<br /> ,.: -: �:'� VA GUAItAMTE�D L�AN AND A�i�HJ�'I�ON PO�.ICY YZIBER '.: ,t -- . -.
<br /> LoAN NO.10-1278
<br /> '' � - " � NOTICE: 'I'HIS �.OAIet IS 1�0'� A�SLTMABI,E �i6�ITgIOLJT
<br />-ti: . � �
<br /> �•` THE APPROVAL 4F��`HE DEP1�tTMEN'T OF VETE�IS �
<br /> _,,..; �.. . �:,,,�._
<br /> �; : "�°� .� �f �� AFFAIIt� OR I'fS AZJTHOI�EI� A(�EIeT'I'. .� ��'� ' ��-
<br />.: K,. , f,L_.
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<br /> • THIS VA GUARANTEED LOAN A1�JD ASSl1IViPITON POLICY RIDER is made this 23th day of .�"`_
<br /> ;�r � � . March 1998 ,and is incoiporated inw and shall be deeme�to amend aud sopplemeut the 'r:,",•, � . ''''
<br /> ' ;; Mortgage, Deed of Tn1st or Deed to Seraue Debt(herein °Sec►uiry Instrument")dated of e�en date herewith, _ : �-
<br /> ?�: givea by the undersigned(hereiri'Borrower')to secure Borrower's Note to � _-=
<br /> '�4 .` . � ' Ma3or Mortgage, A Wyaming Corporation " ._ _
<br /> (I1CI21n'I.eIIdCI'?
<br /> �. aad covering the Properry desca'bed in�he Seauiry ,m t and lucated ac _
<br /> �i� , . . ,'�.. _
<br />-�s": -� . ' � 1834 West 9th Street,Grand Isl and,NE 68803 , ���._, --
<br /> . . � �� � - -
<br /> � �
<br /> � ' ;';:, (Propeity Addrcss) „ , ,..-
<br /> VA GUARANTEED LOAN COVENANT: In a�dition to the covenants and agreements made in the Secwiry ' . �"��
<br /> - - . - �� Iasanment,Bormwer aad Lender further covenant and agree as foUows: .. ��-�
<br /> � � If the iadebtedness secvred heceby be guaranceed or insured under Tide 38, United States Code,such TiUe and • •• -
<br /> - . Regulatians issued thercunder and in effect on the date hcreof ahall govem the righis, duaes and Ziabilities of .�.',-.� =
<br /> �. � r � Borrower aad Lender.Any pmvisIons of the Security Instrument or other iasuvments executed in wnnection with _.;-�`r..,:. :_-___
<br /> � � said indebtedness w6ich are inconsistent with said Title or RegWatioas, including, but �t limited to, the �:-
<br /> provislon for payment of aay swn in conaecxion with prepayment of the secured indebtedaess and the provision � _�`--
<br /> • that the Lender may accelerate payment of the secured iadebtedness pu�suant to Covenant 17 of the Securiry •� ,`; ��_.
<br /> • � . �' Instrument.are hereby amended or negated to the eatent necessary to conform such instruments to said rtde or `..-`�h
<br /> . Regulations. -a =
<br /> LATE CHAR(iE:At Leader's opdon, Borrower wiU pay a'tate charge"not exteedin�four pes centum(4%}of r'"
<br /> 1� ; .� . the overdue payment when paid more thaa fifteen i15)days after the due date thereof to cover the exua eagease
<br /> �. . � ' � involved in handling delinquent payments.but such'late chazge'shall not be payable out of the pmc,erAs of aay � , ,�'_�;;';;
<br /> ' sale made co satisfy the indebtedness secwed hereby.uNess such proceeds are sufficient to disc6arge the entire
<br /> ,:..�. indebtedness and all proper wsts and eapenses secured hereby. - ---'�:�=:
<br /> � . - GUARANTY:Should the Departmenc of Veterans Affaira fa�l or refuse to issue its guaranty in fiill amount withia � ' _�-
<br /> , � . 60 days from the date that this loan woutd normally become eligib2e for such guaranry wmmitted upon by the • •.'
<br /> � . Department of Veterans Affairs under the provisions of Tide 38 of the U.S. Code "Veterans Benefits." the � -_
<br /> � • '; Mortgagee may declare the indebtedness heseby secured at once due pnd payable and may foreclose immediateIy . � �—
<br /> t; . � � :;��; ar may exercise any other ri�hts hereunder os take any other proper acaon as by law provided. •� � �
<br /> .,
<br /> � ;� TRANSFER OF THE PROPERTY:This toan may be deciared immediatety due and payable upon transfer of the �_
<br /> � • -----_-�-; property securing such toaa to any transfcrcc.uniess the acaptability of ihe assumpfion of the loar►is established
<br /> '•� ' . • pursuant to Section 3714 of Chaptec 37.Title 38.United States Code. �
<br /> � . . . An authorized transfer("agsumption")of the property shall also be subject to additional covenanu aad agreemtnu ,° • � .
<br /> ° ' ' . . . � • as set fortb below: . � ' .�
<br /> • . (a)ASSUMP_TION EUNDIBLG FB�: A fee eqnal to one-half of 1 percenc(.50%)of the balance of this loan ,. _
<br /> . �� as of the date of uansfer of the propeny shall be payable at thc time of transfer ro the loan holder or iu authori�ed � .
<br /> � � � agent.as uustee for the Department of Veterans Affairs. lf the assumer fails to pay this fee at the dme of masfer, ' .
<br /> . the fee sha11 constitute an additional debt to that already secured by this instrument,shall bear interest at the nte
<br /> : . herein provided.and.at the option of the payee of the indebtedness hereby secured or any traasferee thereof,shall _
<br /> � VA QUAHANTEEO LOAN AND ASSUMPT(ON POLICY RiDER , _ .�- •
<br /> ` � � . ��SSSB 196p61.01 1/9S _ ' .
<br /> . � � � VMp MORTpAGE FOBMS�18001521 729� I�Illll Ifi�Il III�f�l l�ll��)I�II - . �. .--
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