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20120470� TRANSFER OF THE PROPERTY: This loan may be declazed immediately due and payable upon transfer of the property securing such loan to any transferee, unless the acceptability of the assumption of tlus loan is established pursuant to section 3714 of Chapter 37, Title 38, United States Code. An authorized transfer ("assumprion") of the property shall also be subject to additional covenants and agreements as set forth below: (a) ASSUMPTION FiJNDING FEE: A fee equal to one-half of 1 percent (.50%) of this loan as of the date of transfer of the property shall be payable at the time of transfer to the loan holder or its authorized agent, as trustee for the Department of Veterans Affairs. If the assumer fails to pay this fee at the time of transfer, the fee shall consritute an additional debt to that already secured by this instrument, shall beaz interest at the rate herein provided, and, at the option of the payee of the indebtedness hereby secured or any transferee thereof, shall be immediately due and payable. 1'his fee is automatically waived if the assumer is exempt under the provisions of 38 U. S. C. 3729 (b). (Note: The funding fee for loans assumed between 12/13/02 and 9/30/03 will be 1 percent.) (b) ASSUMPTION PROCESSING CHARGE: Upon application for approval to allow assumptions and transfer of ttus loan, a processing fee may be charged by the loan holder or its authorized agent for determining the creditworthiness of the assumer and subsequently revising the holder's ownership records when an approved transfer is completed. The amount of this chazge shall not exceed the maximum established by the Department of Veterans Affairs for a loan to which section 3714 of Chapter 37, Title 38, United States Code applies. (c) ASSUMPTION INDEMNITY LIABILIT'Y: If this obligation is assumed, then the assumer hereby agrees to assume all of the obligations of the veteran under the terms of the instruments creating and securing the loan. The assumer further agrees to indemnify the Depaztment of Veterans Affairs to the extent of any claim payment arising from the guaranty or insurance of the indebtedness created by this instrument. IN WITNESS WHEREOF, Bonower(s) has executed this VA Guaranteed Loan and Assumption Policy Rider. � � G��'�� (Seal) (Seal) MITCHELL KE1JT Borrovver Borrower OSANTOWSKI — (Seal) Borrower (Seal) Borrower _ (Seal) Bonower _ (Seal) Bonower dUl k'i4 VA GUARANT� LOAN AND ASSUM PTION POLICY RIDER ppGyHg/� � GLAPR.VA 03/06/08 Page 2 of 2 www.docmagic.com