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201207200 LATE CHARGE: At L.ender's opHon, Bor�ower will pay a '7a� c6azge"not eaceeding fo�per cenlmn (4%)of tl�e oveidne payme�when peid mo�e ihan flf�en(1�d�ys�fter fhe dne date fhe�eof to cover the exha espenqe imolved in han�ing delinqnert pay�ots, but snch'7ate charge"shall not be payable o�of the proceed.s of any sele made to satisfy the indebtedness secmed heieby, unless snch proceeds a�e s�cieat to dischacge tbe enHie indebtedneae�nd�D ptoper cos�end eape�ea seciued hereby. 1RANSFER OF 7'HE PROPERTY: 17da loan may be declared immediately due and payable upon tira�Fer of the P�operiy secming anch loan to atry transfeiee, imless the acceptability of the assumpHon of fhe loen is established pmsuent to Sechion 3714 oF Chap6er 37, 13fle 38, United Slabes Code. An e�orized hansFer("avsumplion'� of�e Properiy sLall also be subject to additional covena�s and agieeme�av set forth below: (a)ASSUMF1'ION FUNDING P'EE:A fee equal 60 £ive tentYis ( 0.500 "/o) of ffie t�lsnce of Hds loen ae of the de6e of hansfer of the Pcopeity shell be payeble at ihe lime of tiansfer �ihe lo�holder or i�a�horized ege�, a�hvstee for the De�iime�of Vetera�At��Us. If 1he ass�er f�ls to pay this fee at the lime of tranefer, tlie fee shall consHU�e an additionel debt to that aliesdy secured by fhis inshmmic�, ahall beer in6erest at fhe rale hemin provided, ead, at the op6ion of fhe payee of fhe indebtedness heieby secmed or airy trn�fezee tl�eieoi, sh�ll be immedtahely due and�yeble. This fee is antomatically waived if the asa�er is eaempt mmder fhe provisians of 38 U.S.G 3729(c). (b)ASSUMPTiON PROCFSSING c'r�s�uGE: Upon applicaflon for apptovel bo ellow ass�pHon of Hds loan, a pnocesAj�u fee may be chaiged by fhe loen holder or its a�orized age�for de�rmaning t}� c�+editworthiness of tlie esamm�er and snbseqaemly �evising tLe holder's owneiship records when an epproved hansfer is completed. The amo�t of this chaige sLall not eaceed t� maximam esfablilshed by the Depar�ent of Veteraas AfFaizs for a loan to wldch SecHon 3714 of C6aprter 37, TYfle 38, Uni�d Sf�tes Code applies. (c)ASSUMPl'ION INDEMNITY I.iABIL1TY:If tlris obligaLion is assimred,then the asam�er heieby egcees to ess�e ell of ihe obligetton.c af the veteran nnder fhe termc of t� inatr�me� cieaHng and secming the lo�. The �s�er furfher agrees t+o indemnify t� Depazime� of Ve6etans Afieiis to the exUe� of any claim paymeffi erlsivg from fhe gogaA+�; or insmance of fhe indeb6edness cieaRed by tlds i�fn�e� 85161299 0085473585 InKlals: Il_1 1 �-539R(0810) Page 2 of 3 J—��