201504833 - Laserfiche WebLink

Browse

��15�4533 LATE �HAR�E:At Lender's �pti�n, BQrr�t�ver will pay a "late charge" r�ot e�cceeding f�ur per centum �4��0� �f tl�e overdue paym�nt v�r�en paid rn�re than fifteen ��5� �lays af�er #�e due date thereof to cover the ex�ra �xpense invalved in handling de�inquent payrnents, but such "�ate charge" sha�� not be payable au� of the �r�ceeds of any sale rna�e �a s�tisfy �he indeb�edness secured hereby, unless such proce�ds a�e sufficient to �ischarge the �n�ire �ndeb#e�ness and all praper costs and expenses secured hereby. �UARANTY: Should the Dep�rtment af Ve�eran� AfFair� fail ar refuse to issue its guaranty in full amaunt v�i#hin �fl days f�-�rn the da�e that this i�an woul� n�rmally becorne elig�bfe far such gu�ranty cQmmitted upon b� the De�artment of Veterans A�f�i�s under the pr�v�sions of Title 38 vf the U.S. Co�e "Veterans Benefits," the Mflrtgagee rnay deelare the in�ebtedness hereby secure� at ance due and payable and may fareclase imrnediately ar rnay e�cercise any �ther r�ghts hereunder❑r take any vther proper action a� by�aw pro��ded. TRANSFER�F THE PRC3PERTY:This f�an rna� b� decl�red irnrnedi�tely due an� �a��ble upon transfer vf the pr�perty securing such �aan to any transferee, unl�ss the acceptability �f the assurn�tion of �he ioan is �stabl�shed pursuant to Sect��n 3714 of Chap#er 37, Title 38, U rt�ted Stat�s Ca�e. An authar��ed transfer �"assumption"} of the prope�y shall also be subject to add�tional cavenants and agre�ments as se�farth below: �a�A�S�MPTI��I,FtJhla�l��FE� A f�� u�l to � d.5�°Io}of t�e�alance�f this ��an as of the�ate af transfer�f the�ro�erty shall be pay�ble at the tirne �f transfer to the I�an holder or its authorized ag�nt, as trustee fvr th� Dep�rtm�nt of Vete��ns A�fairs, If �he assumer fails to pay this f�e at the time nf transf�r, the fee shall oons�itute an addi�ional debt tfl tha� aiready secure� by this in�trument, . shall bear interest at #h� rate herein provided, and, at �he option of �he pay�e of the indebte�ness herehy se�u�ed ❑r any transferee therenf, shal! b� irnmediatefy due and �a�abfe. This fee is au�om�ticaily waived if the as�umer is exern�t under the �roWis��ns of 38 U.�.C. 3�2��c). �b} �SUMPTI�N _PR�CE551NG �HARGE Upan application for appr�va� ta �Ilo�n► assurnption of this l�an, a proeessing fee may be charged by th� ��an holder or its �utharized a�ent for �etermin�ng the �reditw+arthiness of the assurn�r an� subsequentl� revising the holder's o�n►nershi� records when an approved transfer is com�lete�. The amount Qf #his charge shall not exceed the rnaximum established by the De�artment Qf V�terans Affairs for a io�n ta►nthich �ec�ion 371��f�ha��er 3�, Title 38, United S#ates Cade ap�lies. �c} A MPTI�N �N�EMNITY L�ABILIT�: 1f #his obl��ation is ass�me�, then the assumer hereb}� agrees �o assume all af the obligations af the v�teran unde� the terms �f the instrurnent� cre�ting a�� se�ur�ng #I�e Ioan. The ass�mer further ag��es t� ir�dem��f� th� Department of veter�ns Affairs t� the extent of any c��im p�yment arising fr�rn the guaran�y or insu�anc�of the in��bte�lness created b�thi� instrument. q�3341598794 �125 418 02� . Initi�ls: VMP�-538R ��445}.�1 Page�of 3 R