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��1 5�67�� LATE CHARGE: A� Lender's option, Borrower will pa� a "late charge" nvt �xceeding four p�r centum �4%} of th�overdue payment when paid more than fifteen �15} days after the due date thereaf ta cover the extra expense involved in hand�ing delinquent payments,bu� such"lat�charge"'sha11 not be payable�ut of the proceeds of any sale made to satisfy the indebt�dness secured hereby, unless such proceed� are suff cient ta discharge th��ntire indebtedness and all proper�osts and exp�nses secured hereby. TRANSFER DF THE PR�FERTY: This loan may be declared immediately due and payable upan transfer af the Propert� securing such taan to any transferee,unless the acceptabi�ity of the assumptivn of the loan is esta�lished pursuant to 5ection 37�4 of Chapter 37,Title 38,United States Code. An authorized transfer ("assump�ion"} of the PrQp�rty shaii al.so be subjec� to additiona� cn�enants a.nd agreements as�et for�h b�1aw: �a�ASSUMPT'��l�T FUNDING FEE: A fee equal to f ive tenth s � �.5 4 0 %} af the balance of this l�an as of the date of transfer af the Property sha11 be payable at the time of transfer to the laan ho�d�r or�zts authori2ed agent, as trustee for the D�partxnent of Veterans Affairs.If the assumer fails to pay this fee at�he time of transfer,the fee shall constitute an additiona�debt to that a�ready secured by this instrum�nt, shall bear interest at th� rate herein pro��ded, and, at th� optian of the payee af the indebtedness hereby secured or any transferee thereaf, shall be immediately due and payable. This fee is automatically waiWed if the assumer is e�empt under the pro�isions of 38 U.S.C. 372�(c}. �b} ASSUMPTI�N PR��ESSIN�CHARGE: t3pon application for approval to a11ow assumption of this loan, a processing fee may be charged by th� loan holder or its authorized a�ent for determining the creditworthin�ss of the assumer and subsequen�ly re�i�ing the holder's �wnership recvrds when an appr��ed transfer is completed. The amount of this charge shail not exceed the maximum establish�d by the Departmen�of Ve�erans Affairs for a loan to which 5�ction 3714 af�hapter 37,Title 38, United States � �ode appties. (c}ASSUMFTI�N INDEM1vITY LIA�IL�TY: If this ahligation �s assumed,then the assurner hereby agrees to assume ail of �he obligations of the �eteran under the terms of the instruments creating and securing the laan. The assumer furCher agre�s to indemnify the Department of V�terans Affairs to the extent of an� claim payment arising from th� guaranty or insurance of th� indebtedness created by this in�trument. 159�66754 009 �474 I nitials; �-539R�031�� Page 2 0#3