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' ��15�58�4 LATE CHARGE: A�Lender's op�ion, Borrovr�er wi1l pay a "Iate charge" nat exceeding four per centum � �4%}of the overdue payment vrrhen paxd mare than fifteen �I5} days aft�r�he due date thereaf to ca�er the extra expense in�ol�ed in handling delinquent payrn�nts, but such "late charge" shall not be payable ou�of the proceeds of any sale made to satisf� the indebtedness secured llereby, unless such pr��eeds are sufficient to discharge the entire indebtedne�s and all praper costs and expenses secured hereby. TR.ANSFER�F THE PR�PERTY: This loan may be declared irnmediately due and payab�e upon transfer of the Property securing su�h lnan�o any transferee, unless fhe acceptability of the assumption of fihe loan is es�ablished pursuan�ta Section 3714 of Ghapter 37, Titie 38, United S�ates God�, An authari�ed transf�r �"assumptian"} af the Property shall also be subj ect ta additional co�enan�s and agreements as set for�h belovrr: (a�ASSUMPTr�N FUI�FD�1G FEE: A fee equal to f ive t enths ( �.5 0� a�a} of the balance of this loan as af the date of�ransfer of the Property shall be payable at the time of transfer tQ the laan holder �r i�s authari�ed agent, as trustee for the Department of�eterans Affairs. If the assumer fails to pa�this fee at�he time of transfer, the fee sha��constitu�e an additionai debt to that already secured � by this ins�rument, shall bear interest at the rate herein pro�ided, and, a� the aption of the payee of the indebtedness hereb� secured ar any transferee thereof, shaIl be immediately due and payable. This fee�s automatically wai�ed if the assumer is exem�t under the pro�isions of 38 U.S.C. 37�9�c}. (b} ASSUMPTIaN PR��ESSING�HAR�E: Upon application for appraval to allaur assumption af thzs loan, a processing fe� may be charged by fhe loan holder or its au�horized agent for deterrnining the creditworthin�ss af the assumer and subsequently re�ising th� halder's ovvnership records when an appra�ed transfer is campleted. The amaunt af this charge sha�l not exceed the�maximum established by the Department of Veterans Affairs f�r a iaan to vvhich Section 3714 of�hapter 37, Title 3S, United States �ode applies. � (c}ASSUMFTI�N T�T�DEMI�TITY LIABILIT�: If this obligation is assumed, then the assumer hereby agrees to assume ail of the obligations of the �eteran under the terms of the instrumen�s creating and securing the �oan. The assumer further agrees to indemnify the Department of Veterans Affairs to the exfen� af an� claim paymen� arising fram the guaranty or insurance of the indebtedness created b}� this in5trument. 1569?46$6 ��1936724 Initials: �-539R(D3'I D) Page 2 of 3