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201109029 <br /> Loan Number: 0030012488 <br /> Case Number: 34-34-6-0185663 <br /> v� A�SU��I�N ��IC� ��� <br /> � S �ofllr ��.7 l�l�1 �►J�.7 V �E <br /> T �V 1 1 � V 1'�.l� �� 1 <br /> �� 1�i 1 �F 1 S � ►J <br /> ��i �TS AUT�O��]�E� �G�NT. <br /> THIS ASSUMPTION POLICY RIDER is made this 2 9th day of NOVEMBER, 2 O l 1 <br /> and is incorporated into and shall be deemed to amend and supplement the Mortgage,Deed of Trust,or Deed <br /> to Secure Debt("Instrument")of the same date herewith, given by the undersigned("Mortgagor")to secure <br /> the Mortgagor's Note("Note")of the same date to BNC NAT I ONAL BANK <br /> ("Mortgagee")and covering the property described in the Instrument and Iocated at: <br /> 4256 MICHIGAN AVENUE, GRAND ISLAND, NEBRASKA 68803 <br /> (Property Address) <br /> Notwithstanding anything to the contrary set forth in the Instrument, Mortgagee and Mortgagor hereby <br /> acknowledges and agrees to the foliowing: <br /> GUARANTY: Should the Department of Veterans Affairs fail or refuse to issue its guaranty in full amount <br /> within 60 days from the date that this Ioan would normally become eligible for such guaranty committed <br /> upon by the Department of Veterans Affairs under the provisions of Title 3$ of the U.S. Code"Veterans <br /> Benefits", the Mortgagee may declare the indebtedness hereby secured at once due and payable and may <br /> foreclose irnxnediately or may exercise any other rights hereunder or take any other proper action as by law <br /> provided. <br /> TRANSFER OF THE PROPERTY: If a11 or any part of the Property or any interest in it is soid or <br /> transferred, this loan shali be immediately due and payable upon transfer("assumption") of the property <br /> securing such loan to any transferee("assumer"),unless the acceptability of the assumption and transfer of <br /> this loan is established by the Department of Veterans Affairs or its authorized agent pursuant to section 3714 <br /> of Chapter 37, Title 38, United States Code. <br /> An authorized transfer ("assumption") of the property shall also be subject to additional covenants and <br /> agreements as set forth below: <br /> VA ASSUMPTION POLICY RIDffi IYocMaglc��4,�mi iJ� <br /> VAPRRDR 01/22/08 Page 1 of 2 www.docmagic.com <br /> (I'�I'III I II I)I'I II'II((III II I()I'lII(�)I I I I I)I I I I II II I III <br />