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f i 2� 17��84 . . � �A} ASSUM PTI�N FLJND�NG FEE:A fee equal t❑on�-half�f� percent�.5�%}ofthe unpaid principal balance of this loan as cf�he date of transfer�f the property sha11 be payab�e at the time af transfer to the mortgagee or its authorized agent, as trustee far the Secretary of Veterans Af�'airs. �f the assumer fails to pay this fee at the time of transter,�he fee sha�� consti�ute an additional debt ta that already secured by this instrument, sha�1 bear int�rest at the rate here�n pra�ided, and, at the aption of the mortgagee of the indebfedness hereby secured or any transferee thereof, shall be immediately due and payable. T�is fee is aut�matically wai�ed if th�assum�r is exempt und�r the pro�isions of 38 U.S.C. 3729�c}. �B� A55U�IA PTI D N PR�C ESS I NG CHARGE: Upon appiication for appro�a� �o al low assumptians and transfer of#his laan, a processing fee may be charged by the mortgagee or its authorized agent for determining the creditworthiness af the assum�r and subsequent�y re�ising the holder's ownership records when an appro�ed transfer�s compl�ted. The amount of this charge sha�l not exceed the maximum established by the Department of Veterans Affairs far a loan to which sect�on 3?14 of�hapter 37, Title 38, United States Code appxies. �C� A55U1111 PTIaN INDEM NITY LJAB�LJTY: If this obligatian is assumed,then the assumer hereby agrees to assume al�of th�vbl�gations af the�eteran under the terms af th�ins�ruments creating and securing the laan, in�luding the nbligation of the�eteran ta indemnify the Department of Veterans Aff'airs ta the extent of any claim payment arising from the guaranty or insurance of the indebtedness created by this instrument. IN�VITNE55�VHERE�F, Martgagor(s}has executed this Assumption Palicy Rid�r. , ALE� L S EDA �Seal} (Seal} Mflrtgag�r N I C�L E L. S E DA Mortgagor �S�al} �Seal} Mor�gagor Mortgagor �Seal} �5ea1} M�rtgagor Mort�agor VA ASSUMPTI�N PaL[CY RIDER DvcMagi� VAPR.RDR �9125114 Page 2 a� 2 www.docmagic.com