201602600 - Laserfiche WebLink

Browse

2� 1 ��2�� �A� ASSU M PT1�N FU ND1 N� FE E:A fee equa�to one-half�f l percent�.5�%)of�he unpa�d principal ba�ance of th�s]oan as of the.date of transfer of the property shall be payabte at the ti�ne of transfer to�he mortgagee or its au�horized agen�, a�trustee for the Secretary�f Veterans Affairs. 1f#he assu�ner faYls tia pay this fee at the tizne of�ransf�r,the fee shall const�tut�an addi�i�na�deb�to that already secured by this 1I75�'U�7i�I3�, shall bear interest a� fhe rate herein provided, a11d, at �he option af�he mortgagee of the indebtedr�ess hereb}� s�cured�r an� transfer�e there�f, shall be immediatel}� due and pa}�able. Th�s fee is aut�rnaticaily wai�ed if�he assu�ner is exe�npf under�he pro�risioris of 3 S U.S.�. 37�9 (c}. �B� ASSU�I PTl�N P��ESS�NG CHAR�E: Upon application far appro�al to a��ow assurnp��ons and �ransfer of this]oan, a proCessing fee may be charged b}�the m�r�ga�ee or i�s authar�zed agent for deterrnin�ng the c.red�ri�varthi.ness of the assumer and subsequenti�.reWising fhe ho]der's ownersh�p records v►ihen an appro�ed t�-ansfer is campleted. '�`he amour�t of this charge shatl not exceed�he rnaximuln �stab�ished by the Departrnent of Veteran�A.ffa�rs f�r a�oan ta which secfian 37�4 af�hap�er 37, Titie 38, United Sta�es �ode applies. ��} ASSUM PT��N �NDEM N�TY LIAB�LITY: zf this obliga�ion is assumed,then the assumer here��agrees t�assuYne all of the obliga�ions�f the 1�et�ran under the terms of the insirum�n�s creating arid securirig the loan, includ�ng the obligat��n af the veferat�to indemn�fy the Depart�nen�of Vet�rans Affairs to the extent�f any claim pay.lnen�aris�ng fro�n the guaranty�r insurance of the indebtedness created b}�this instrument. IN WITNESS�-IERE�F, Mortgag�r�s}has executed this Assumptiion Pol�cy Rider. �f,� �5eal} • �Sea�} 1� HAE L . BA�A M�rtgagor TAMM . B�RR G�-BACA M ortgagor - �Seal} �Seal) Mo.rtgagor Mortgagor � �Seal} � �Seal} � Mor�gag�r Mor��agor VA ASSUMPTI�N P�LICY RI�ER Da�Magic VAPF�.RDR �91251�4 Page � of 2 www.docmagic.com . � . . �� � r _ _■