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��15�585� LATE CHAR�E:At Lender's aption, Barrawer will pay a "late charge" not exceeding four per centurn �4°��) af the o�erdue payrnen� when paid rnore than fifteen �15} days after the due date thereo� to c�ve�- the extra ex�ense invnlved in handling delinqu�nt �ayments, but sueh "late charge" shall n�t be payable nut of the �roceeds af any sa�e made to sattsfy the indebtedness secured her�by, unless such proceeds are su�f�cient to dis�harge the entire ir�debte�ness an�all proper costs and exper�ses secured hereby. CUAF�4NTY: Shou�d the Departme�t of Veterans Affairs fail �� re�use to issue its guaranty in full am�unt vuithin G� days fram the date that this Ioan woul� narrnally be��rne eligible far such guaran�y eornmitted upan b� the De�a�trnent af V�terans Affairs under the provisions af Title 38 �f the U.S. �ode "Veterans Benefits," the M�rtgagee rnay dec�are th� indebt�dr�ess hereby secured at once due and payable and may forecl�se �mmed�ateiy ar may exer�ise �ny ather rights hereunder or take any ather proper actian as by�aw pr�vided. TRA�SFERQF THE PR�PERTY:This laan rnay be�decfare� imrne�iately �ue and payable u�an transfer af the property securin� such I�an to ar�y transferee, unless the ac�eptability of the assum�tian of the laan is established pursuant �� Section 3714 of Cha�ter �?, Ti�le 38, United 5tates�ade. An author�Zed transfer �"assumption"� �� the p�nperty shal� alsa be �ubject to additi�nal cvven�nts and agreements as set forth belaw: �a}AS�UMPTI�N FUNaING FEE A fee equai to ( Q.5D°/o}af the balan�e af this loan as�f the date of trans�er of the praperty shall be payable at the time �f transfe� ta the laan hglder or i�s authari�ed ag�nt, as trustee fflr the aepar�ment nf 1leterans AfFairs. If the assurner fai�s ta pay this fee at the time of tran�fer, #he fee shali consti#ut� an a�di�ianal debt �o that already secured by this instrumen�, shal� bear ir�teres# at the rate herein p�c�vid�d, and, at the option �f the payee of the indebtedness hereby secured vr any transferee there�f, shail �e imm�diately due and �ayable. This fee is autQmatically waive� if �he assumer is exempt und�r �he �rovisi�ns of 38 U.S.�. 3729��}. �b} ASSUMPT�QN PR�CES IIV� GHAR�� Upon applicatian for ap�roval ta aliow assumptEon af this loan, a processing fee rnay be char�ed by khe laan holder or its autharized agent far d�termining the c�editwarthiness of the assurner and subsequently rev�sing th� hol�er's ownership records when an appr��ed transfer is comp�eted. The amount of this charge shall nat e��eed the rnaximurn established by the Department Qf Veterans Affairs �ar a Ioan to which Section 3714 of Chapter 37,Title 38, United States�vde appi'res. (c} ASSUMPTI�N INDEMNITI� LIABILITY: �f this a�ligation is assurned, then the assurr�er hereby ag�ees ta assume all of the obligatians of the �e#eran under the terms of the instrum�nts creating and securing the Ivan. The assumer further agrees to indernnify the Depar#rnent of Ve#erans Affairs to the extent nf any clairn payment arisin� f�-❑m the guaranty ar insurance of the�ndebtedness cr�ated by this instrurnent. �0��43�4�a$4 oi2� 3�� oza� s lnitials: : � VMP�-53$R ��4Q5}.0� Page 2 vf 3