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<br /> - _� "", VA GUARANTEED LOAN AND AS�UMPTION POI.ICY RIDER -
<br /> � LOAN NU.10-100$ .
<br /> .�� NOTICE: T�-IIS LOA�1 IS I�OT ASS[.1IV�A�LE �UITI�OU'�
<br /> _ ° .. � THE APP�tOVAL OJF �'�I�D���A�GE�N�T OF VETEI�AN� _
<br /> �� AF�AIRS OR IT5 AUTHO ,:
<br /> .�
<br /> THIS VA GUARANTEED L4AN AND ASSUMP7'IUN POY.ICY RIDER is mnde this 2(id day of ��,.
<br />� �.� Apri 1 , 1997 ,and is incorporaced into and shali b�deemed to amend and suppir,ment thc �,_:
<br /> -;.i:;� ..
<br /> Mortgage, D�ed of Trust or Deed to Secure Debt(herein "Security Instcum�:nt") dnted of even data harewith, ��:
<br />�.�.,. ivea by the undersigned(herein'Borrower")ro secure t�orrowe:'�i3utc to __
<br />: ------ �a�of• P�1o�rtgage, A �yoming Corporati on (herein"Lender•> !-
<br />�' � � � and covert�►g the Property described in the Security instrument and locatcd at �
<br />. .. � --
<br /> - � `�� 809 E. Oklahoma,Grand Island,NE 68801 —`-
<br /> : �� .,r_ �-
<br />' . (PropertY Addreu)
<br /> 1"� �`,'�' ' VA GUARANTEED LOAN COVENANT: In add[tion to tbe covenants and agreements n�►ade in thc Secuiity
<br />-'�.:.}:r<�.;�y. : L�Stnun�t,Borrower and Lender funher covenant aad agree as foUows: --
<br /> '�`""-" � } If the E���a'�tedness secured hereby be guaranteed or insured under Tide 38, Ualted States Code. such Tido aud
<br />��•�'�:"�•�.
<br />�:���.... Regulatians issued thereunder and in effect on the date hereof shall govern the rights, duties and linbilitles o
<br />-.��:-�:�-��---��� a...n..,,Pr nnr�r Pnder. Anv provisions of the Security Insuument or other insuuments executed in connection with
<br />�'y.`.:,`���lYh"'(i:_
<br /> ;��,,t.�,,,�,�`, said indebtedness whicl��are inconsistent with said pitlp yr xeguiations, inctuding, bui ao� l�r,�it�3 ta. • ;.
<br />_-,,�+.ii��,.,±�,:�.: provision for payment of any sum in connecHan with re a ment of the secured indebtalness and ttca provisian
<br />==�=`���i;;.'. '" Wat the Lender may accelerate payment of the secured indebtedness pursuant to Covenant 17 of thc Sectuiry
<br /> �=';�'�•�°� � Instiument, are hereby amanded or negated to ttre eatent necessary to conform such instsumcnts to aaid Titla or
<br /> ""�""`" Regulations.
<br />-�=c�;'44��
<br /> ,;�� LATE CHARGE: At L�nder's aption.Borrower will pay a "late charge" not eaceetling four per c'e�.ntn.�a�49F,)of
<br /> -_ =''�-"'="� the overdue payment when paid more than fifteen(15) days after the due date thereof to cover the u�tri�e�pense
<br /> --�-�•�� nnvolved in l�audlin8 delinquent gayments,but such"late chargc"shall noi be payable out o�the procceds of any
<br />�i�. sale made xo satisfy che indebtedness secured hereby. unless sii�h proceeds are sufficient Yo dischargc tt�e eutire�
<br />_--:•'�-'=-��:' indebtedness and all proper wsts and eapenses sxunai hereby.
<br />�:.:==�.:;� QUARANTY:Should the Department of Veurans Affairs fail or cefuse to issne its guaranty in full i►nia;�:�t witbin
<br /> ---- 60 days from tlne date that this laan would notma!]y become eligible far st�ch guaranry commixted u�by tti�
<br />--- pepanment of Veterans Affairs under the prav3slons of Tidc 38 of the U.S. Code 'Veterans Y3enefits," ths
<br />�-- — Mortgagee xnay declaze the indebtc�dness hereby secured at once due and payable and rnay foreclose tmmedia.tely
<br /> _ __ ' or may exe7cise any other rights hereunder or take any other proper acrion as by law provided.
<br /> � -- TRANSFER OF THE PROPERTY:This loan may be declazal immediatcly due and payable upon[racsfer of thm _
<br /> --- property securiug such loan to any uansferee,un]t�s the acceptability of the assumpdon of the loan is estnblishtd
<br /> — � pursuant to Sxtion 3714 of Chapter 37,Tide 38,`Uniced Scates Code.
<br /> �� � An authorjzed cransfer("assumption")of the properry shall also be subject to additiona�covenaats nnd agroeix�ents,
<br /> --_—— as set forth below:
<br /> (a)A�ctt�p�IO�T FLJNDING FBB:A fee equal to one•half of 1 percent(.5096)of the balanca of this lnaa�
<br /> --:-�--_-- as of the date of transfer of the property shall be payable at the time of transfcr to the loan holder or iGg auth�rizad
<br /> - agent,as avstee for the De�artment of Veterans Affairs.If the assumer fails to pay this fec at the timQ of truasfe:rc,
<br />— _---- the fee shall constitute an addition�il debt to that alceady secured by this instrument,sh�ll bear intexest at the r�t.n
<br /> �- _-__ herein provided,and.at the option of the payee of the indebtedness hcreby securec!or any transferee thereof.sh�31
<br /> _°;nP+�:r�;t;� ' —
<br /> , ti_'�����j� VA DUARANTEED LOAN AND�tSSUMPTION POLiCV ffiiDER °_
<br /> :`•� S38B taeoat.o� 1/95 N =
<br />— - ��!,• �� � II �{ '_
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