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��14�1557 <br /> � <br /> LATE �HAR�E: At Lender's optian, Borr�w�r will pay a "late char�e" not ex�eeding faur per <br /> c�nturn �4°I�} �f the o�erdue �ayr�ent v�hen pa'rd more than �ifteen �15} days after the due <br /> date �hereof tv co�er �he extra exp�nse in�ol�ed in handling delinquen# payments, �ut such <br /> "late charge" sha�l not �e payab�� out af the praceeds a� any sale made to satisfy the <br /> indebtedness secured hereby, unf��s such proce�d� are sufif�ci�nt tv discharge �he �ntire <br /> ir�d�btedness and a�l �roper cvsts and �xper�ses secured hereby. <br /> GUARANTY; Shaufd the �epartment of Ve�erans Affairs fai! nr �efuse ta �ssue i#s guaranty in <br /> �ul� amaunt w ithin �� days f r�m the date that this laar� w ould normaliy b�come elig�ble f or <br /> such guaranty c�mmitted upan by the Department af Vet�rans Affairs under the �ro�isivns o� <br /> Ti#fe 38 af the LJ.S, Cad� "1leterans Benefi�$," the M�rtgagee may de�lare the �nd�btedness <br /> hereby secured at �nc� due and payabfe and may fareG�ase immedia�ely �r may exer�ise any <br /> other r�ghts h�reunder or�ake any �the� pro�aer act�vn as by taw pro��ded. <br /> TF�ANSFER �F THE PR�F'ERTY: This laan may b� decla�ed �mmediately due and paya�le upon <br /> transfer �� the pr�perty securing such loan fio any transfere�, unless the a�ceptabil�ty o� the <br /> assurn��ian �� th� ��ar� is estab�i�hed pursuan� tv Section 37�4 �f Chapter 3?, Title 38, <br /> United Stat�s �vde. <br /> An au#h�r�zed t�ansfer �"assumption"} �f the prope�ty shall als� b� subject to addi#ianal <br /> co�enan�s and a�re�ments as s�t fvrth befow: <br /> �a} A SSU M f�T!QN FU N D 1 N G F�E: A f ee eq u�I #o one-ha�f per�ent <br /> � .5� °�a} �f t h� b��anc� of t h�s loan as af t h�dat e of t ransf er �f t h� proper�y <br /> shai� be paya��e at the time of trans#er �a �he loan hold�r �r �ts authori��d agent, as tru�t�e <br /> for the Department �# Veterans Affai�s. If the assurner faifs tv p�y this fee at the time of <br /> trans#er, the fee sha�l c�nsti�ute an add�tionai d�bt �v that already secured by this instrumen�, <br /> sh�ll b�ar i��erest at the ra�e herein pro�ided, and, at the �ptinn �� �he pay�e of the <br /> in�ebtedness hereby secured �r any transferee ther�o�, shall �e Emm�diately du� �.n� payabie. <br /> Th�s fee Es �ut�matically v�ai�ed if the assumer is exempt un�er the provisions o� 38 U.�.C. <br /> 37�9 �c}. <br /> ��} ASSUM�Ti�N PR��ESS�NG CHARGE: L�p�n applica�ion far �ppr�va! �a all�w <br /> assurnpti�n �f this loan, a processir�g fee may �e charged by �he 1Qan holder or its autho�ized <br /> agent �or determ�ning the cr�ditworthin�ss �f the assum�r ar�d subsequently revising the <br /> h�lder's ownership records ►n►h�n an �ppro�ed transfer is complet�d. Th� amaunt nf this <br /> charge shal! n�� exce�d �he maxim�m es�a�a[ished by the C��partment �f Veterans Af�airs for � <br /> I�an t� v�h�ch Section 3714 of �hapter 37, Title 38, Unit�d States Co�e applies. <br /> �c} ASSUM PTf�N INC�EM N1TY LlABlLITY: !f this nbliga#��n is assumed, then the assurner <br /> ��reby agrees �v assum� a�i �f �ne �bligati�ns �f the �eteran und�r the terms �f the <br /> ins#ruments creating and seGuring the loan. The assumer fur�h�r agre�s to ind�mni�y the <br /> Depart ment �f Vet�rans Aff airs tv the extent �# any claim payment ar�sing from the gu��anty <br /> �r insuran�e of the �ndebt�dn�ss created �y this �nstrument. <br /> �U1123856994 �_�� <br /> 1ni�tals: � <br /> VM p�-538R ��4�5}.D 1 Page 2 0� 3 <br /> Citibank 3.2.79.1�.V4 <br />