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201204468 <br />LOAN #: 387084 <br />additional debtto thatalready secured bythis instrument, shall bear interest atthe rate herein <br />provided, and, at the option of the payee of the indebtedness hereby secured or any <br />transferee thereof, shall be immediately due and payable. This fee is automatically waived <br />if the assumer is exempt under the provisions of 38 U.S.C. 3729 (c). <br />(b) ASSUMPTION PROCESSING CHARGE: Upon application for approval to allow <br />assumption of this loan, a processing fee may be charged bythe loan holder or its authorized <br />agent for determining the creditworthiness of the assumer and subsequently revising the <br />holder's ownership records when an approved transfer is completed. The amount of this <br />charge shat I not exceed the maximum established by the Department of Veterans Affairs for <br />a loan to which Section 3714 of Chapter 37, Title 38, United States Code applies. <br />(c) ASSUMPTION INDEMNITY LIABILITY: If this obligation is assumed, then the <br />assumer hereby agrees to assume all of the obligations of the veteran under the terms <br />of the instruments creating and securing the loan. The assumer further agrees to <br />indemnify the Department of Veterans Affairs to the extent of any claim payment arising <br />from the guaranty or insurance of the indebtedness created by this instrument. <br />IN WITNESS WHy REOF, Borrower(s) � executtd,, his VA Gu ranteed Loan and <br />Assumption Polic Rider. \\ <br />-!� 6;4 (Seal) <br />11 E. Groff ff <br />VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER <br />Online Documents. Inc. Page 2 Of 2 P5751ASR 1 103 <br />'i7 <br />�. L <br />