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. 201201751 <br /> shall be immediately due and payable. This fee is auCOmatically waived if the assumer is exempt under the <br /> provisions of 38 U.S.C.3729(c). <br /> (b) ASSUMPTION PROCESSING CHARGE: Upon application for approval to allow assumption of <br /> this loan, a processing fee may be charged by the loan holder or its authorized agent for determining the <br /> creditworthiness of the assumer and subsequently revising the holder's ownership records when an approved <br /> transfer is completed. The amount of this charge shall not exceed the maximum established by the Department of <br /> Veterans Affairs for a loan[o which Section 3714 ofChapter 37,Title 38,United State Code applies. <br /> (c) ASSUMPTION INDEMNITY LIABILITY: If this obligation is assumed, then the assumer <br /> hereby agrees to assume all of the obligations of the veteran under the terms of the instruments creating and <br /> securing the loan. The assumer further agrees to indemnity the Depar[ment of Veterans Affairs to the extent of any <br /> claim payment arising from the guaranty or insurance of the indebtedness created by this instrument. <br /> IN W ITNESS WHEREOF, Borcower(s)has exewted this V.A.Guaranteed Loan and Assumption Policy Rider. <br /> • �/ �_r�(Seal) �/%�?�-� (Seal) <br /> Earl Tibbs -Borrower Marlene Tibbs -Borcower <br /> MULTISTATE VA CUARANTEED LOAN AND ASSUMPTION POLICY RIDER 10/03 <br /> Page 2 of 2 <br />