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200003513 <br />be immediately due and payable. This fee is automatically waived if the assumer is exempt under the provisions of <br />38 U.S.C. 3729 (c). <br />(b) ASSUMPTION PROCESSING CHARGE: Upon application for approval to allow assumption of this <br />loan, a processing fee may be charged by the loan holder or its authorized agent for determining the <br />creditworthiness of the assumer and subsequently revising the holder's ownership records when an approved <br />transfer is completed. The amount of this charge shall not exceed the maximum established by the Department of <br />Veterans Affairs for a loan to which Section 3714 of Chapter 37, Title 38, United States Code applies. <br />(c) ASSUMPTION INDEMNITY LIABILITY: If this obligation is assumed, then the assumer hereby agrees <br />to assume all of the obligations of the veteran under the terms of the instruments creating and securing the loan. <br />The assumer further agrees to indemnify the Department of Veterans Affairs to the extent of any claim payment <br />arising from the guaranty or insurance of the indebtedness created by this instrument. <br />IN WITNESS WHEREOF, Borrower(s) has executed this VA Guaranteed Loan and Assumption Policy Rider. <br />ho n L Murphy - Borrower <br />Step an i e A Murphy - Borrower <br />- Borrower <br />- Borrower <br />(M-5386 (9504).01 Page 2 of 2 <br />m <br />