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h ' ��15�5�9U LATE CHAR�E. At Lender's aptian, Borrow er w ill pay a "�a�e cha�ge" n�� exceeding fvur per centum �4°/0� vf th� ov�rdue payment vu hen paid rnore �han �ifteen ��5� days after the due date therev� to cover �he ex�ra expense in�olved in handl�ng del�nquent payments, bu� su�h "late charge" shall not �e payab�e out of the prace�ds of any sale made �a satisfy �h� indebtedness secured hereby, un�es� such proceeds are su�ficien� t� d�scharge the en�ire indebtedness and all pro�er cvsts and expenses s�cured hereby. �UAR�NTY: Should the Departmen� a� V��e�ans Afifairs fail or refuse to issue its guaranty in full am�unt w ithin 6� days �rom the date that this �oan w ou�d norrnally �ecome eligible far such guaranty c�mmitted upon by the Department of Veterans Af�airs un�er the provisions a# Title 38 of the U.S. Cvde "Veterans Bene�its," the Mo��agee may �ecla�e the indebtedness �ereby secured a� once due and payab�e and may f�reclnse imrnediately or may exercise any a�her righ�s hereunder or take any other p�oper action as �y �aw pro�ided. TRANSFER�F THE PR�PEF�TY: This Ioan may �e d�clared irnmediately due and payable up�n transfer vf th� praperty securing such �oan #o any tran�feree, unless the acceptability af the assumption o� the loan is established pursuant �a Sectivn 37�14 af Chapter 3�, T�tle 38, Uni#ed Stat�s Code. ' An authorized trans#�r �"assumptian"} af the praperty shall alsa be subjecfi to add�tional .. ca�enants and agre�m ents as sefi f or�h belaw: A �a} ASSIJM PTI�N FUNDING FEE: a fee equa� to ane-�half of one per�ent � .5 °Io} of �he balance af this Ivan as o� the date af transf�r �� he pr�per#y � shall be payable at the time of �ransfe� �� #he Ivan holder ar i�s au�hor�zed a�ent, as �rustee �or the D�par�ment �f Veterans A�fairs. If th� assumer fails �o �ay th�s �ee at #he t�rne �� �ransfer, �he �ee shall c�nsti�u�e an addi�ional deiot to that a�ready secured by this ins�rumen�, sha�l bear �nte�est at the rate here�n provided, and, at the optian of the payee of the indebtedness hereby secur�d or any trans�eree thereof, shal� be immediat�ly due and payab�e. This �ee is au��rnatical[y wai�ed if #he assurn�r is exempfi under �he pravisions o� 38 U.S.�. �729 �c}. �b} A S5U1�1 PTI�N PR�CE5S1 N� CHA RGE: Upon appiicat ivn �or approval to al�ow assumptian af this laan, a processing �ee may be charg�d by �he ��an holder �r its auth�rized agent for determining the creditwarth�ness �f the assumer and subse�uently re�ising th� hoider's aw nership re�ords v�r hen an approved trans#er is completed. The arnflunfi af �his charge shal� no� �xceed the maxirnum established by �he Depar#men� �f Vete�ans affairs for a laan �o w h�ch Sec��n 3714 of �hapter 37, Ti�le 38, Uni�ed Sta�es Code applies. ��} ASSUMPTIC]N INDEN�1VlTY LLABILITY: If �his obligati�n is assumed, �hen the assumer hereby agrees to assum� all �f the �bligat��ns o� the v�teran under #he t�rms of the ins�ruments creating and securing �he I�an. The assurner fur�h�r agrees t� indemnify the Depar�rnent af Veterans Affairs t❑ �he extent af any ��aim paymen� arising �r�rn the guaranty ar insurance of the indeb�edness creat�d by this in��rurnent, 7134058747 �nifit��S: VMP�-538R �Q4n5}.�1 Page� af 3 .�"; � .. .