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2� 1 ��3239 LAT� �H►4RGE:At Lender`s option, B�rrower v�►il� pay a "late charge" nat ex�eed�ng f�ur �er centum �4°/0} of the overdue �ayment v�hen pa�d more than fifteen �15} �ay� after the due da�� there�f to cover the extr� expense inv��v�d �n handling dei�nquent �ayments, �U� SUCh "�ate char�e" sha�� nnt be �a��bl� �u� af the �roceeds of any sa�e m�a�e t� sat�s� t�e indebte�n�ss s�cured here�y, unfess such pro�ee�s are �uff�cient to �ischarge the entire ir�debtedr�esS and a[I prop�r costs an� expenses secured hereby. G�JA�A�TY: 5#��u�� he De�a�tment of Veterans Aff�irs fa�� r refuse to i�sue i�s gu�r�nty in full �mvun� wi#hin �� days from the date �hat this Ivan ►��Id nQrmal�y bec�m� ��g�bl� f�� such guarant� cammitted u�n by the Depar�ment of lfe�er�ns Affairs under the� �rovi�ion� �f Tit�e 38 of fhe U.S. C�de '�lfe�erans Benefi�s," �he Mo�gagee may d�clare �he in�ebtedr�ess hereby secured at �nce due and �aya�ie and rx�ay fvreclose irmrned��e�y or �ay ex�rc�se any other rights h�reunder or take any other�roper ac�ian a� by faw provide�. ThAhI�FER�F 7HE PR��ERTY:This foan may be decla��d irnmediately �ue and paya�le up�n t�ansfer �f �he ��e�ty securing suc#� i�ar� to ar�y t�ansferee, �nfess the accepta��lity of the assumption of the loan is established �ursuant �o Secti�n 37�4 af �hapter 37, T�t�e 38, LJnited �tates��de. An au�h�rize� tr�nsfer �"�ssumptiQn"� of the �rop�erty �hall also be subject to ad�it��nal c�venants and agr��m�nts as set f�rth be��w: �a�A�S��PTI�N FUNDIN�FE� A fee equa! fia � ^ �.��°Io}vf th� balance of this foan as of the date�f transf�r of the proper�y sha�� be �ayable at the ti�e of transfer �� the I�an h��der ar ��s au�h�ri�ed agent, as trust�� for the Depa�ment �f Veterans AfFairs, !f #h� assurner faifs �v �ay t�is fee a# the tim� of transfer, the fee shall con�titute an additional �eb� ta that alrea�y s+ec�re� �y this in�trumen�, shall bea� ir��erest at the rate herein provided, and, at �he aption �f the p�yee �f the indebte�ness hereb� se�ured or any transferee there�f, shall be imrnedi�te�� ue a�d �ay�ble. This fee i� aut�matically waived if the �ssumer �s exem�t under the pravisi�ns of 38 U.S.�. 372� �c}. �b� AS U P�`! �! P� E IN �AR � U�on a�p�icatian f�r a�pr�val �o afl�w assumpti�n of �his loan, a �rocessing fee rnay �e ch�rg�� b� the i�an hal��r �r it� au�horiz�d agent fflr de�ermining the creditvvo�thiness of the assumer and subse��ntly r�vis�ng the ha�der's ownership �ecords wh�n an a�praved tran�fer is completed. The arr��unt of this charge shall n�t exceed �he max�mum estab��shed by the Depar�ment of Veterans A##ai�s fo� a loan tv whi�h Section 3�"14 vf�hap#e�3�, Titls 38, United States �ade a�plies. ��} A MPTi iV iNDEMNITY LIABILITY: �f �h�s vbligativn is assum�d, �h�n the assurner h�reby agree� �� assum� a�! �f fhe ob�i�at��n� �f �he vete��r� t�r��er t�e terms vf the instrurnents creat�ng and securing the laan. The assurner fur�her agrees to indem�'rfy the Qepartment �f Veterans Affairs ta the extent of any claim payment arisin� from the guaranty o��nsu�ance�f the ind�bte�ness created by this instrument. q�335�18239$ �1Z5 37� 4243 � �ni�ials: VMP�538R �Q4�5}.�� Page 2 af 3