Laserfiche WebLink
201209917 <br /> (a) ASSUMPTION FUNaING FEE: A t'ce eqnal lo nne-hailPof I percent(.5(]"�)oP the unpaid <br /> princi)�al haluice of this lorui as nf�ho daie of lransfer of'lhc property shall Ue pny.iblc at the time nl'trnnsfer <br /> to lhe mortgagee nr its nuthon�c:d flgent, as lrus�ee for ihc Sxret��ry nl"Veterans A fl'airs. If the assumer fxils <br /> [o pay this l'ee at tlie iime u1'[raus€er, d�e Fce shall wnetinite an a�lditionnl debl lo thnt alrexGly secured Uq this <br /> instrumen[, shnll bear intcrest al 1hc rflte he�tiin pm�ided, and, at Lhu option of lhc mortgagee nf Uie <br /> indebledness herehy secured or any crausferee thereoP, s}�a71 Ue iixuneciiately due ,�nd p2yable. '1'his fee is <br /> au6mm�tically waived if the as4umer is exempt under Cric provisiuns nf 38 U.S.C. 3729 (b). <br /> (b) ASSUMP710N PRDCESSINCy CWARGE: Upon applicntion frrr npproval tn nllow <br /> assuniptions ancl lransFer oS this loan, a pmocssuig fee niay Ue c6argcd by the mnrtgngee or ils autliorized <br /> agcnt for delcrmiuing tue crcditwarthincss of tl�a as4Lmer and subsequenCly rcvising the liolder's ow�xership <br /> records when an appror•ed transfer is complefed. The amount of this charge shall not exceed the tnaximwn <br /> established by the Depaztment of Veteran� ?.ffairs for a loan to which section 3714 of Chapter 37, Title 38, <br /> United States Code applie�, <br /> (c) ASSUMPTIQN iHEDEMNITY LIASILiTY: If this obligation is assumed,then the assumer <br /> hereby agrees to assume all of the obligat?ons of the veteran under the terms of the instruments creating and <br /> securing the loan, including the obligation of ihe<<eteran to indemnify the Department of Veterans Affairs <br /> to the extent of any claim payment arising from[he guaranry or insurance of the indebtedness created by this <br /> instrument. <br /> IN VJITNESS WHEREOF, h'Iortgagor(s) has executed ttus Assumption Policy Rider. <br /> , � <br /> �/ [Seal) ����"""'- ���L���5ea1) <br /> MICHaEL NE�•�I�'L�,1 Ivlon�a�or VI INIA L NEWMAN Mortgagor <br /> lSeal} <br /> Seal <br /> R4ortgagor Mortgagor <br /> fSeal) — (Seal) <br /> �1arii�yor Morlgngor <br /> VA ASSUMPTION POLIC� RIDER DacMaglc�¢amn1�5 <br /> VAPR.RDR 01(22,+09 Page 2 of 2 www.docmagic.com <br />