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201500327 " °{a} ASSUM PTION FU[�IDING FEE: A fee equal to one-half of 1 percent(.Sd%)ofthe unpaid principal balance of this loan as of the date of fransfer af the property shall be payable at the time of transfer to the mortgagee or its authorized agent, as trustee for the Secretary of Veterans Affairs. If the assumer fails to pay this fee at the time of transfer,the fee shall constitute an additional debt ta that akeady secured by fihis instrument, shall bear interest at the rate herein provided, and, at the option of the mortgagee of the indebtedness hereby secured or any transferee thereof, shall be immediately due and payable. This fee is automatically waived if the assumer is exempt under the provisions of 38 U.S.C. 3729(b). {b) ASSUMPTION PROCESSING CHARGE: Upon application for approval to alIow assumptions and transfer of this loan, a processing fee may be charged by the mortgagee or its authorized agent for determining the creditwarthiness of the assumer and subsequently revising the holder's ownership records when an approved transfer is completed. The amount of this charge shall not exceed the maxunum established by the Department of Veterans Affairs for a loan to which section 3714 of Chapter 37, Title 38, United States Code applies:. (C} ASSUMPTION INDEMNITY LIABtLITY: Ifthis obligation is assumed,thenthe assumer hereby agrees to assume all of the obligations of the veteran under the terms of the instruments creating and securing the loan, incIuding the obligation of the veteran to indemnify the Department of Veterans Affairs to the extent of any claim payment arising from the b aranty or ins�ance of.the indebtedness created by this instrument. IN WIT'NESS WHEREOF, Mortgagor(s)has executed this Assumption Policy Rider. _�� ��%�-f' Seal � —(Seat) Michael. Carl W��ner ortga�oi Norm Wagner Mortgagor (Seal} ' (SeaI) Mortgagor Mortgagor Seal Martgagor Mortgagor VA ASSUMPTION POLICY E21DER Docl@fagic� VAPR.RDR d1/22/09 Page 2 of 2 www.docmagic.com