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200004010 <br />(b) ASSUMPTION PROCESSING CHARGE: Upon application for approval to allow assumption of <br />this 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 <br />approved transfer is completed. The amount of this charge shall not exceed the maximum established by <br />the Department of Veterans Affairs for a loan to which Section 3714 of Chapter 37, Title 38, United States <br />Code applies. <br />(c) ASSUMPTION INDEMNITY LIABILITY: If this obligation is assumed, then the assumer hereby <br />agrees to assume all of the obligations of the veteran under the terms of the instruments creating and <br />securing the loan. The assumer further agrees to indemnify the Department of Veterans Affairs to the <br />extent of any claim payment arising from the guaranty or insurance of the indebtedness created by this <br />instrument. <br />IN WITNESS WHEREOF, Borrower(s) has executed this VA Guaranteed Loan and Assumption Policy <br />Rider. <br />- Borrower <br />- Borrower <br />- Borrower <br />- Borrower <br />T J GALVAN - Borrower <br />(M 538U (9705) Page 3 of 3 <br />- Borrower <br />- Borrower <br />- Borrower <br />