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-:: —; �..��_:-.�,�,,�:r .-.,: ,:__.... _ -�.....,r_.,..,._��.ra_a�.� � u.�.�_._1�.�-t�.s��,.-,-..x,�-,-„..._ti.,r,� �,.�„-,�-�,�., ..,v , � . .. ....____ ___ ��14�7�31 LATE �HARGE: At Lender's opt�on, Barrovver tivill pay a "late Gharge" not e�ceeding four per cent��m (�%� �f the overdue payment when paid more t}�au fifteen�15} days after the due d.ate t�iereof to caver the e�rtra e�.peanse invoived in haa�diing delinquent payments,but such"late charge" shall not�e payable out af � the proceeds of any sale n�.ade to satisf� the indebtedness secured hereby, un��ss such proceeds are suf�icxent to disc��rg�the entire indebtedness and alI prnper casts and ea.Tpe�ses secured hereb�. �U : Should the Department of Veterans Affairs fail or refus�to issue its guaara.nty in fui�amount . within 6� days from the date tbat t.his laan would normally become e��gib�e for such guaranty �on�.mitted upon by the Depar�ment of Veterans Affairs under the pravisYons of Txtle 3 S of the U.S. �ode "Veterans Benefxts," the Mor�gagee ma.y declare the in�.ehtedness hereby secured at once due and paya��e and may � forecXose Ymrnediatel�or may e�ercise any other rights hereunder❑r take any other proper act�vn as by law prov�ded. TRANSF`ER �F T�IE PR�PERTY: This Ioa.n ma.y be declared immecliately due and payabi�upon transfer of the properry securing suc�loan to any tra.n.sf�ree, wa�.ess the a��pt�.�ility of the assump�ion of the].oan xs establishe�.pursuant t� Section 371�af�hapter 37, Tit1e 3S,United States Code. An authorized transf�r �"assuxn�t�on"} af the proper�y shall also be subj ect to additional covenan.ts and agreements as set farth below: �a}AS SUN.�'TI�N FUNDING FEE: A fee equal ta one-half of one percent ( 0.5 �/o} of the balance af this laan as of the date of trausfer of the praper�y sl�all be payable at the time of transfer � to the I�an ho�der or its authorized agen�, as trustee far the Department of Veteran.s Affa�rs. If th�assumer fails to pay�is fee at the time of transfer, the fee sha.11 coaast�tute an ad�liti�naJ.d�bt ta that already secured by t�us �nstrument, shall bear Ynt�rest at the rate hereYn provide�., and, at the option of the payee of the in�e�t�d.ness hereby secure�.or any transferee thereof, shall be ina.�mediately due arrd payable. This fee is automatically w�iv�d if the assumer i.s e�empt under the prov�s��ns of 3 8 U.S.�. 3729 [c�. �b} ASSUMPTI�N PR�CESSI�� CHARGE: Up�n application far appraval to allativ assumpti�n of tlus �oan, a processing fee may�ae charge�i by the Xoan holder ar its authori2ed agent f�r determ�nYng the Creditworthiness of �.he assu�mer and subset�uen�ly revi.szng th� holder's ownersh�� records tivhen an appraved transfer is completed. The amaunt of this charge s�ll not e�ce�d the �a�:�mum establxshed by the Department af Vetexans Affairs for a loan tv vvh�ich Section 3714 �f�ha,ptex 37, Tit1e 3 S, I Txuted States �ode appl�es. �c}AS SUMPTI�N INDEMNITY LIAB]OLI'I'Y: If this obiigation is assumed,them the assux�er hereby agrees ta assume al� af the ohligations af the veteran under the tern�s of the Ynstn�aments creating and securing the iaan. The assumer fur�her agrees to in�lemr.�i.fy the Departrr��nt �f Vetera_ns Affairs to the e��tent of any c�aim payment aris�ng from the guaranty ar inswrance af the indebtedness created by this instrument. � � ��: lnitials: �� f��.�; - �38R t�31�} Pag��of 3 a