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<br /> � •� � VA A�1lI1�PTIOiN PmLiCY RIDER < ` `r� -
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<br />_ � �' -``..`: NOTICE: Ta1S LOI�N IS NO"r ASSUIIAA�I.E VIl9'THO��§p�SR�VAL t�F ,.`��`_`, <.�.�;:��
<br />- THE DEPARTMENT �� O/ETEMNS AF� '� ��<.��••`; : .,
<br /> ` . �'_,r�`�, � � A!l�ttARDZED A�EN'f. t: 4.' ,�,::,
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<br /> - =.°�� THIS ISSSUMFT[ON ROLICY WD�1 is made this 13ih day of MBICh . 1998 .end is Incotpot8�ed into — - :
<br /> ' • and sha0 6e deemed w amend and supptement the Mortga�e.Oeed ot trust,or Oesd to Sacure Debt('lnswment7 of tne same Qate � F
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<br /> r , herew�h.9Nen by the unders�r►ed t'McRSa9o�to secuca the MoRgago�s Note('Not�of tAe same Qat�to UN1��N���� _ ,
<br /> -., - - � BAHiC ..,t`� .��-:�.:.
<br /> ... '� � . � , fts successors and assigns('Martga9eery end covering tho OroPertY desct�ed fi the tnstiument and Ineatad et . _ . `•,.;�s.u..�
<br />- � , � .. ` ' 2306 G6r7EWAY QVE GRAl�iD ISLAND NEBR�'ISA 68803 : .�. ._���_._
<br /> � .. . . �?'� Ropeeq Address � -- �.
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<br /> . _. . � 4:,.,, Notwdhstandtng anYNitng to the contrary set tortt� tn the Instrument,Mortgsgee snd Martgagor herebY ectmow(edae and agree to the ,` F •
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<br /> . • toibwing: . --
<br /> � GUARANTY: Shoutd ihe Oepartment ot Veterans AHaUs fail or refuse!o Issue Rs 8uerantS►fn fuII amount wRt►tn 60 dBYs irom the date
<br /> � ,�,. . that tnLs loan woutd normauy become e�bte tor sucb guarerttY commRted aAcn by the Qeparbnent of Veterans Aflaks under ffie - _ --
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<br /> '�� - .,.�•;' provisicns ot Titta 38 of the US.Code'Veterens Beriefds', the MoAgages may dec�re the indebtedness hereby sscuced et once due • :. ,: . :,.,,�_ -
<br /> h�+eundes a taka eny othet Qmper acUon as 6y law � , ;<._.
<br /> --`— --�,. � 8rtd peyrebie and msy fOteClose UmttHd18ffiiy Or msy �9rCis9 etry OtAet ttghts �-
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<br /> . .. _Y�.." provtdad � _�-- -
<br />- � . .. TpANSFEW OF THE PROPEWTY: H aD or ertY Part of Ne proPertli or eny interBSt(n ft b sotd or t�8nsferted.this(a�n maY be .. .��I`':""':
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<br /> " daciared tmmedtatety due and payabfe upan transf9r ('assumpUon') of tt�e DroDeRY$e�urtng sucb toan W eny hanste�ea ('assumeP� � ���
<br /> -�- ,- - untess the ecceptaD�ty of tAe essumpticn and Cansfer o!this Wer� Is estsbQshed by tAe Departmant aF Vetererrs/WaUs At Qe authort�ed : _
<br />, J � � agent pursuant to SeeUan 37t4 ot Chepter 37,TRfe 38,United States COda ,.� �
<br /> � ' M authorimd transter('assumptton'ot the proPeAY sha0 a[sa be subject to aQdittonal covenepts and a�esme°ts es set foM 6etow: .. F_v _
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<br /> ; , ',....�'. � '. (aj ASSUMPTION �UNOINQ FEE: /t tee equal to onaha(t ot't percent t.s0%)ot the unpaM o�c�Pa�batance ot thts Iaatn . '"�.-=
<br />- - ' . as of the date of transfer ot 1.he property sAaO be paya6le et the tbne ot panster to the mortgagse or fts aulhor(ze0 agent.as trustee for �
<br /> tAe Qepartment of Veterans AffaErs. tf the assumer fa0s to pay this fee at the tfine ot transfer,the fee shall const4uts en aQ�dtunal de6t ,,.� ..'��_
<br /> � to that eUeaQy seca�re0 Oy th(s instreiment. shaA bear interest at the rate herafi DrovideA.anQ a! the optlon of tha moRSaB�e ot the —_
<br /> � � indebtedness hereby secured or any Vansteree thereoi, shaU be 6nmediatety due and payabi�. This fee (s eutomatieatly watued B the � �
<br /> - assumsr Is exempt urtder the provistans of 38 US.C.37�(o)• ' ".._'�"°"'
<br /> . . . .. '.g�`�.—:
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<br /> ' . , (b) qSSUMPTION PgiOCESS11�1G CHARGE: Upon applkaUon for approv&1 to anow assumption end tr&nsfer of this loan,e ' -_,.4,...:_.
<br /> � � . • ' processtng fee may be cfiarged by the mortgages or its authorizeC agen!for determinNg the cred@�nrorthiness of the assumer en0 ` �•r�-:—
<br /> � "'� subsequentlyr revi�ing the hotdefs ownership records when an ayproved transfer is compietea. The amount ot this charga aha0 not ��-'-
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<br /> ' ' � � m�ceed the tesser at the maxtmum established by the Oeparbnent o!Veterans Affafrs far e Wan to whkh Sectton 3714 0!Ch&pter 37,T@fe . •',�,�
<br /> � , • � + 38.Unrted States Cade eDDOes or anY maaimum Prescrbe0 by ePD�(a State faw. � .``--�-�-�-
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<br /> , . � � �- . (c� ASSUMPTION INDEMiU1TY UABIUTY: If this oDiigation b assumed,then the assumer eereby egrees to assume a0 of .�,�,--
<br /> �� _ • tAe obligattons ot the veteran under the terms ot the insWmaris cresUng end seouring the loan.The essumer fuMet agrees to InCamntty
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<br /> �• � ` : the Oepartment of Veterans Affatrs to the ddent ot any c1aVn payment er(sing irom the guaranty or insurance o1 ihe tndebte4ness created , .. . ______
<br /> : . • by this fnstrumeM. , ,. •. .._
<br /> • . � IN WITN£SS WHEREOF,the grantor has hereunto set his hand and seal on the day and yeat ftrsl herefibetore written. " �
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