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2� 1 ��73�5 LATE CHAR�E:At Lend�r's option, Bo�rower will pay a "late charge" not exceeding four per centurn� �4°l0} of the ove��ue �ay�ent �nen �a�� mare than fif�eefl �'��} �ays afte� �he due da#e thereof t� cover the ex�ra expense in�olved in h�ndling delinquent payments, but such "la�e ch�rge" �hall not b� payable ❑ut of the proceeds af any sale made to sati�fy �he indebte�ness secured hereby, unless such proce�ds are sufficient t� �is�harge the entire indebtedness and a!I proper�asts and expenses secured her�by. GLIARANTY: Shauld the Deparkment of Veterans Affairs fail or refuse t� issue ifs guarant� in full arnount wi�hin �� d�ys from �he date �hat �his lv�n woul� normally become eligible for such �uar�nty camm'r�ed �pan by the Department of Ve�erans affairs under �he pr�visivns of Title 38 of the U.S. �nde "Veterans E�enefits," the IVlortgag�e may �eclare the indebtedn�ss h�reby s�cured �t once due and payable an� may farecl�se imrnediately or may exercise any ather rights hereunder or take �ny ather proper action as by faw provided. TRANSF�R�F THE PR�PERTY:This Ioan rnay be �eClared immediat�ly due and payable upon �ransfer �f the pra�erty securing such la�n to any transf�ree, unless the aeceptabi�ity of t�e assumption of the loan is establishe� pursu�nt #o Section 371� flf ��apter 37, Titfe 38, U n ited St�tes C�de. An authorized transfer �"assurrtiption"} of the property sh�ll als� be sub�ec� ta additiona� co�enants and agreements as set fQrth befov�: �a�A�SUMPT��#� FU�l�IN FEE A fee equal tQ � ! �,5�°Io}af the balance flf this I�an as of the date of�ransf�r of the property sh�all be payable at the time af transfer to the foan holder or its authari�ed agent, as trustee for �he Dep�r�ment af lf�terans Affairs. If the assu�mer fai�s to pay this fee at �he time of transfer, the f�e shall constitute an addit�ona� �ebt to that alre��y secured by this instrument, shall bear interest at the rate herein pro�ided, and, at �h� opti�n of the pa�ee of the indebtedness hereby secured or any trartsferee thereaf, shall be irnm�diately due and �ayable. This fee is autom�tically waived �f the assumer �s exempt und�r the �rovisions of 3$ U.�.C. 3�2� �c}. �b} ASS��tIIPTIQN PR�CES$IN�CHAR�E Llpon applica�ion for appro�al ta allow assurnpt�c�n af this I�an, a processing fee may be charged by the loan holder �r its �uthor�Zed ag�nt for determining the creditworthiness af the assumer and su�sequently re�isfng the holder's ownership recvrds �►hen an apprav�d �ransfer is c�rnplet�d. The amount af this charge shal� n�t ex�eed the ma�c'rmum established by #he Depa�men� -af Veterans Affairs for a loan to which Se�tion 3714 of Chapter�7, Tit�e 38, Un�ted 5tat�s �ade app[«s. ��} A MPT� N 1NDEItI�IViTY L�ABiLITY: If �his �bli�ati�n is assumed, then the assurner hereby agrees to assume all of the obligations of the ve�eran un�er the ��rrns of the instru�nents creating and secu�i�g tk�e �Qan. The assumer furt�er agrees to in�er�nify the Department nf Veterans Affairs to the extent �f �ny cia�m payment arising from the guarant}� or insurance af the indebtedness created by this instrum�nt. qD33f353�44p �1�5 295 �2�3 �n�tia�s: � VMP�-538R �44�5}.�1 F'age�of 3