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2� 17��3�3 L�►TE �HAR�E:A� Lender's ��#ion, Borrowe� ��I pay a "�ate charge" not e�ce�ling f�ur per centum �4�/0} �►f the overdue �ayment when paid more �han fifteen �1�} days after the due �ate there�� to cflver the ext�a expen�e involved in hand�ing de�inqu�nt payments, but such "lat� cha�ge" shal! n�t �e paya��e out of the p��Ceeds of any sa�e made to 5�t15f]i the ir�de�tedness s�cured her�by, uniess such proc�eeds are sufficient to dischargs the entire indebtedness and all p�oper costs and expenses secure� he�eby. �UARANTY: ShouS� the t�e�a�tment �f Veterans Affairs faif ar refus� ta issu� its guaranty in fui! amount with�n �� days fram the date th�� this Ioan wou�d normally be�ome eligEb�e for such guaranty cvmmitted upon by th� Department �f Veterans Affairs under the pravisions of ��t�e 38 �f th� U.S. �ode "lfeterans Renefits," the 1��rtg��ee rnay decfare the in�ebtedness hereby secure� at once �ue an� �ayable and rnay foreclvse imrnediately ❑r may exercise any oth�r rights hereunder or take any ather proper acti�n as by law pr�vided. TFZANSFER�F TH�Pi�C3PERTY:Tn�s laan may be declared immedi��ely due and �ayable upon transfer �f the pro�erty se�uring Such laan to any transferee, unless the �c�ept�b��i�y af the assurnptian of the l�an is established pursuant to Sect�on 37�4 of Chapter 3T, Title 38, United �tates�ode. An authvri�ed transfer �"assum�t�on") of the prQperty sha�l alsQ he subsect to ad�it�onal covenants an� agreements �s s�t farth belo►�v: �a}AS,�I�hI�I�,FUN��,hl�F�� A fee equai �o � Q,5�°Io}c�f the ��lan�e�f this �oan as of the�ate of transfer of t�e ��perty shall be payable at the �ime of transfer to the loan ho�der or its auth�rize� agent, as trustee for �he Depar�menti af Veterans Affai�s, if the assumer fails t� pay this fe� a� the t'rrn� of tran�fer, the fee sha�l cQnstit�te a� a�ditior�a� �eb� t� �hat alrea�y secur�d by thfs 'tnstrument, shall bear �nte�est at the rate herein prvvided, and, at the �pti�n �f the paye� of the indebtedness hereby secured �r any transfe�ee thereaf, shall be imme�iately due and pay�ble. This fee is aut�mat�cal�y waiv�� if the assumer �� exernpt ur��er the �ravisi�ns of 38 �J.S.C. 37�9 �c}. �b} A,��IMPTI�N _PR��'-�Ih1��HAF�� Upvn a�plication fQr appr�va� t� allow assum�tiQn of this �oan, a �rocessing fee may be charged by th8 I�an hofder or its au�horized agent for d�termining the creditwo�thiness af �he �ssumer and subs�quently revising �he hol�er's ownership recards when an approved transfer is comp�eted. The amount of th�s �harge sha�l no� e�Geed the rna��rnum establishe� b}� #he aepartment vf V�terans �Iffairs fvr a loan t�which Secti�n 3114 of�hapter 37, Title 38, tJni�e� States Cade ap�lies. �c} ��lll��i��l 1ND�I��y__L�.�i,�: ff this obligatiar� i� assume�, then the assurner hereby agrees tv assume a11 �f the ablig�t�c�ns of the veteran unde� the terrns o� the insfruments creating and secur�n� the l�an. The assumer further agraes �o indemnify the Departrnent af Veterans Affairs ta the extent of any claim p�yment arising from the gu�ran#y �r insurance af the�r��eb�edness created by th�s instrum�nt. q 33� 7481 �1�5 4� ��3 Ini#ial�: c�l�l�l VMF'�-538R �Q4Q5}.�1 Page ��f 3