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� � � � ��14�755� � � � i � t t I � 'I`I�NSFER QF rI'I�IE PR�]PERTY: This l�an may be dec�ared�mmed�a�eZy due and payab�e upon transfer ; � of the proper�y securing such 1Qan�o any transferee, unle�s�he acceptabili�y of the assump�ion of�hrs loan 1 E is established pursuan�to section 3714 of Chap�er 37, T�t�e 3S, United S�ates Code, � � An authorized transfer �"assumpti�n"} oF�he pxoperty sha11 also be su�j ec� to addi�ional covenan�s and . agreem�n�s as se�forth be�ow: � i � �a}ASSUMPTI(]N FUIeIDING FEE. A fee equal to one-half�f� perc�nt�,5�°/a}aF�his l�an as . ' of the da�e of tra�.�sfex oF f:he property s�.all be payable at �he time of trar�sfer to the �oail holder ar i�:s ' autharxzed agent, as trustee F�r the Depaartmenti af Ve�erans Affairs, If the assumer fails�o pay th�s Fee at � �he t�me of transfer,the 1'ee sha11 cons�itute an additxona�debt�o that a�ready secured by�his inst�ument, shall � � I b�ar interes�a�the ra�e hexein pro�ided, and, a�the option of i;he payee of�:he indebtedness hereby secured i � ar any transferee thexeof, sha�1 be xm�a.�.edia�e�y due and payable, This fee is aut�t��atically waived if�he � � assu��er is exempt under the pxo�isxons oF 38 U,S.C. 3729�b}, �Na�e: The funding fee for l�ans as�umed , � between 121131U2 and 913�103 w�ll be 1 percent.� , �b} ASSUMPTIQN PI�(]�ES�IN� CIIAIt��: Upan application far approval ta a11�w assumpt�ons and transfer of�his loan, a processing fee rna�be charged by�he laan halder or i�s authorized agent for determining the credi�worthiness oF the assumer and sL�bsequen��re�is�ng�he h�lder's ownership �ecords when an approved tiransfer is conzple�ed. The amoun�of�his charge sha11 no�exceed�he maximum established b�the Depar�ment af V�terans Affairs f�r a loan�o which section 37�4 oFChap�er 37, Txt�e 38, : Uni�ed S�a�es Code app��es. �c} ASSIJIVIPTI�N INDEMNIT'�LIABILITY; If this�bliga�ian is assumed, ��.en�he assu�ner hereby agree�to assun�.e a11 of the ob�xgat�ons of the ve�eran under the terms of�he ins�ruments crea�ing and securing�he loan. The assunlei fur�her agrees�o zndezannify the Depa�rt�neriti of Veterans Affairs�o the extent of any claim payment arising fr�rn the guaranty or insurance of�he indeb�edness crea�ed by this�nstru�nen�. IN WITZi1ESS WHERE�]r, Barrower�s} has executed�his VA �uaran�eed Laan and Assumptxon Policy Rider, � � ��. � �Sea1} �Seal} LARRY C. GLAZ 6 ER BorroWer �H:ERYL � . GLAZ I ER Borrower �Sea1} �SeaZ} Borrawer Borrov�er (Seal� �Sea�� B�rrower Barr�wer VA GUARANTEED L�AN AND ASSLlM PTI�N P�LICY RiQER p�G11►�sg�iC c� GLA PR,VA D 3l��1�8 Page 2 af� www.doemagic.cvm � �■�rr � � k� . BANK fl��047'�94 FM REDER �41�2265�3