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��14�54�7 LATE �HARGE: At Lender's option, Barrower wi�� pay a "late �harge" nat exceed.i.ag four per centum �4°10} of the o�erdue payment when paid more tha�fifteen �15} days after the due date thereof t� cover the �xtra expense in�ol�ed in ha,ndling delinquent payments, but such"la�e charg�"shall not be payable out af the pro�eeds vf any sale made ta sa�isfy the indebtedness secured hereby, unless su�h proceeds are suffi�ient to d�scharge the entire ind�btedness a�nd all p�oper costs and�xpenses se�ured hereby. TRANSFER�F THE PR�PERTY: This lvan may be declared immediately due and payable upan transfer of the Property securing such loan to any transferee,unless the a��eptability of the assumption of the lvan is established pursuant to Se,��ian 37 T4 af�hapter 37,Tit1e 38,i�nited States Code. An. authorized transfer �"assumpt�on"� of the Property shall also be subject to additional �vvenants and agre�ments as set forth below: �a} S SUM N FUNI]�NG FEE: A fee equal to f i ve t e n t h s t �.5 a 0 �'o� af the balance of this loan as of the date of txansfer af the Property shall l�e payable at the time vf�ransfer to the loan holder or its autharized agent, as trustee for the l7epartment of Veteran.s Affairs. If the assumer fails ta pay this fe�at the tim�of tra�sfer,the fee shall��nstitute an additional debt to that already secured �3y �]I5 ].I�St�Lim�I��, shall bear interest at the rate here�n pro�ided, and, at th� aption of the payee of the inde�tedness hereby secured or any transferee thereof, shall �e immediately due and payable. This fee is autornatically wai�ed if the assumer is exempt under�he p�avisions of 3H U.S.C. 3729 �c}. {�b� AS,SUMPTT�N PR��ESSING „C,_H�R�„E: Upon application for appro�al to allow assumptian af this loana a pro�es sing fee may be charged by the loan holder or its authorized agent for determining the cred.itworthiness of the assumer and subseque.n.tly revisi�� the holder's own�rship recards when an appro�ed transf�r is comp�eted. The arnount vf this charge shall not ex��ed the maximurn estahlished by the Department af Veterans Affairs for a loan to whi�h Se�tion 3?I4 vf Chapter 37, Tit1e 38, Un�ted States �ade applies. ��SSUMP'ISI�N,INDEMNIT`Y L��LITY: If this ob�igation is assumed,then the assumer her�hy agrees to assume all of the v�bligations af the �eteran under the terms of the i.nstru..men�s creatua.g a�.d se�uring the loan. The assumer further agrees to indemnify the Depart�nent of Veterans Affairs ta the extent of any �lairn payment arising from the �uaranty ar insuran.ce of the indebted,nes s �reated by th7is instrurnen�. 1�1545561 OD891315�2 snitials: �-539R�431 D} Page 2 of 3 � � �. � � � � ,