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��15�1945 LATE �HAR�E: A� Lender's o�tion, Borrower will �ay a "late charge" not exceeding four per centum �4°I�� of the overdue �ayment when paid mvre than fifteen �15} days �fter the due date #hereof to co�er the extra expense invol�ed in har�diing delinquent paymen�s, but such "late charg�" shall no� be payable aut of the proceeds of any s�le m�de �o satisfy the indebtedness secured her�by, unless such p�oceeds are suffic�ent to disch�rge the en�ire ind�bte�ness and all p�oper costs and exper�ses secured hereby. GUARANTY: Shouid the Department of Veter�ns Affairs fai! ar refuse tn issue its guaranty in ful� ar��unt v��hin �4 �ays fr�m the �ate �#�at this #�an �at�ld narmally be�ome ��gible fo� such guaran�y cnmmitted upan by the Departrnent of Vete�ans Affairs under the prflvisions of Title 38 of the U.�. ��de "Veterans Bene�ts," the Mortgagee may declare the indebtedn�ss hereby secured at once due an� �ay�ble and may fflrec�ose immediately or may exercise any other rights hereunder o�take any othe�prop�r act�an as by law provided. ThANSFER�F THE PR�PERTY:Th�s �oan rr�ay be declared imrne�iately due �nd payable upon t�ansfer flf the proper�y secur�ng such loan to any tr�nsferee, ur�less �he acceptability �f the assum�t�on of the �aan is est�b�ished pursuant to Section 37�4 vf Chapter 37, T�t#e 38, U n ited �t�tes �od e. An auth�rize� transfer �"assurnption"} of the pr�perty shall also be sub�ect to additiona� covenant� an� agreements as set farth be�aw; � �a}�S�L�MPTIqN FL�NDING FEE A fee equal to � �.5�°Io}of the balance of this lo�n as of#h�date of transfe��f the �roperty sha�� be payable �t the tim� of transfe� to the loan hQfder or its authorized agent, as trustee f�r the Departrner�t of Veterans Affair�. If the assumer fails �� ay this fee at the time of �ransfer, the fee sha�� constitute an a�ditivnal debt to �hat already se�ured by �his instrument, shall bear in�eres� at �he rate herein �ro�r�ded, an�, at the ap��on of the payee of the indebtedness h�r�by secur�d a� any t�ar�sferee thereo�, sha�� be imrne�iatel� due an� aa�able. This fee is automatically �ai�e� if the assum�r is exemp� under the �r�visions of 38 U.S.C. 3729 ��}. �b} AS MPTi N PR E�Slhl� HAR�E Upon applicatifln far approva� t� all�w assumpt�on of thi� Ioan, a processing fee rnay be char�e� by the ��an ha�der or� ��s authori�ed �gent for �ete�rnin�ng the credit�o�thiness of the assumer and subsequent�y re�ising the h�l�er's �wnership �e�ords �vhen an ap�ro�ed transfer is cornpleted. The amoun� Qf �his char�e shall not e�cceed the maxirnum es�abi�shed by �he Depar�men� of Veterans Affa�rs for a loan to which Section �714 of�hapter 37, Titie �8, Unite� St��es �o�e applies. �c} ASSUMPTi�N INDEMN�TY LIABILiTY; If this �bliga��on is assum�d, �hen the assumer hereby agrees to assurne all flf the �b��gations of the veteran under the terms of the ins#ruments cr�at�ng and securing the loan. The assumer further agrees to indemnify the �epartment �f Weterans Affairs to the extent of any claim payment �ris�ng from �he �uaranty or insurance of the in��btedness crea#e� by this ins�rument. q43337864666 �1�5 �8Z 02�3 Initials: �� VMP°-538R �44Q5}.�1 Page 2�f 3