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<br /> - � Secterity Utstrument or other instruments execuccd in cannectian with �atd inde�tedness ... �:.s:
<br /> � �� which are inconsistent with sa�ic! Ticle oT Reguladons, including� but ►iat limited to, tbe ___
<br /> provision for payment of any �um in cannection with prepayment of the a�ured =_
<br /> � � indebtedness and t�ie provision that the Lender may accelerat� payment of the secured `,,_
<br /> indebtedness purau:��� eo Covenant 17 of the Sec:urity Instx�m�nt, are hereby am�nded or �`._y;.
<br /> negated to the extent necessary to conform such instrum�nts w said Tide or Regulations. .,�.�—
<br /> LATE CHARGE: At Lender's option, Borrower will pay a"late char�e' not exceeding four �'. ,�=-
<br /> . per centum (4�) of the overdue payment when paid more than fifte�n (15) days after the .f
<br /> due date tiiereaf to cover the extra expenss involved in handling delinquent payments,but ,._
<br /> „A such "late charge" shall not be payable out of the praceeds of any sale made to satisfy the __
<br /> , iindebtedness secured hereby, unless such proceeds are suUfficient to discharge the entire
<br /> indebtedness and all proper costs and cxpenses secured here y �:�
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<br /> �.�... . GUARANTY• Should th� De artment of Veterans Affairs fail or refusa to issue its
<br /> : ,;-: ; , guaranty in iuii a��u�t�i1���' dw;s from thP �rp�hac this loan�n►ould normally become :t
<br /> �_ ; eligibls for suah guaranty committed upon by the Department of Veterans Affairs under tue �;___
<br />=" � �rovisions of Title 38 of the U.S. Code "Veterans Bene�ts," the Mortgagee may declare the �
<br />, .:`�,;;:',� mdebtedness hereby secu�ed at once d�e and payable and may foreclose immecliately or
<br /> "'��� � , may exercise any other rig�ts hereunder or take anY other proper act�on as by law pra�vided.
<br />,;,,�,,.� , :", ,. ' TRANSFER OF THE PROPER7'Y: This loan may be declared ►mmediately due and
<br />- :•�, payable upon uansfer of the pFapeaty securing such loan w any transferee, unless tha
<br />'�u��.: .,..;;.::`.:. . acceptability of the assumption af t�e loan is estabinahed pwsuant to Sectioh 3714 of
<br /> �- :�':�t�.- Chapter 37,Tide 38, United States Cods.
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<br />-�y�=' An authorizerl transfer ("assumption") of the properry shall also be subject to additional
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<br />=�y_`x=""�'�� covenants and a reements as set forthbelow: _
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<br />-��.•rj�;.�,�_, {a) ASS MPTION FUNI)ING FEE: A fee equal to one-half of �! pex�ent (.50�) o e � �
<br /> - � � -��T balance of this loan as of the date of traansfer of the property shall be payable at the time of
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<br /> -- uansfer to the loan liolder or its authorized agent, as trustee for the Department of Veterans _
<br />��"'�" Affairs. If the assumex fails to pay this fee at the tii�ne of transfer, the fee shall constitut� an `_ _
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<br /> � -�•������' aclditional debt to that already secured by this insuurnent, shall bear interest at the rate
<br />_^;�����' ''�� ha.rein provid.ed, and, at the opt�on of the payee of the indebtedness hereby secured or any
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<br /> -. '�.;":� transfere� thereof, shall be immediately due and pa able. This fee is automatically waived _
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<br />--:..a�,°c~, :, if the assumeX i5 exempt under the provisions of 3g .S.C. 3729(c).
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