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2� 17��754 LATE �HAR�E: �4t Lender's o�tiQn, BQrr�wer �rvill pay a "late cha�rge" n�t exc�eding f�u� �er centum �4°/a} �f the averdue payrnent when paid more thart fifteen �15} days aft�r the due date �hereaf �o cov�r the �xt�a exp�nse �nvo��e� in #�an�Ring �eli�que�t �paym��ts, ��t such "la�e charge" sha�[ nnt be p�yable �ut af the praceeds of any sale rnade to satisfy the �ndeh�edness secur�d �ereby, uniess such ��ee�s a�e suf#icien� ta disc'har�e the enfire indebte�ness and all prv�er casts and e�cpenses secured her�by. �UAI�ANTY: S��u�� th�� Depa�tmen� gf �lete�ans Aff��rs �a�l a� refuse ta �ssue its guaran�y in full amaunt �vithin �4 days from the date that this I+�an w�uid nvrrnafiy become eiigibl� f�r such guar�n�� orr�rn��tie� upan by the �3e�ar�ment of Veterans Affai�� under the prov�sivns of Title 38 vf �he U.�. ��de "Veter�r�s Benefi#s,'" the Mortgagee may declare the indebtedness here�y secured at o�ce due artd payable an� rnay �vr�c��se imrnediate�y ar may e�ercise ar�y other rights hereunder�r take any other proper action as by ��w pravided. TRANS�ER�3F�'HE PF��PER�"Y:This I�ar� rr�ay be de�l�red immedia�e�y due an� pay�ble upvn transfer of the �rope�ty securing such �oan to any transfer�e, unies� the acceptabifity of the a�ssum��ion a� the 4oan is esta�fished pu�s�uant ta S�ctron 3714 0� �ha�ter 37, Title 3$, United States�o�e. An authori�e� t�an�fe� �"assump�ion"� of the property sha�l alsa be subject to additiona� c�venants and ag�eements as set f�rth below: �a}��IJNiPTIC��„�l�N�i,N�F�E A fee equal �o � D.5�°�0}Qf the balance af this loan as of�he�ate af transfer of the properky sha�l be payab�e at the �ime ofi transfier to the loan ho�der or it� authorized a�ent, �s trustee fo� the []e�artrnen� of Veterans Affairs. if the assurn�r faiis to pay this fee at �he �ime of transfer, the �ee s��ll c�nstitute an additionai debt to �hat already se�ured by this �nstrument, shall bea�- �r�terest at the rate herein pr�avided, and, at the option o� the payee of the indeb�edness he�eby se�ured 4r any tr�nsferee thereof, sh�ll be immediately �ue and payable. This f�e is autom�t�calfy waived �f �he assumer is exempt under the prv�isions of 3$ U.S.�. 37�9 �c}. �b} A MPT��N PR �E IlV HAR � Upon appf�ca�ion f�r a�proval t❑ allvw assumption of t��is lo�n, a processing fee rnay b� charged by th� l�an h�lder or its authari�ed ager�t far determir��ng the cre�itworthiness af the assumer and subsequent�y revising the hQlder's awnership records when an appr�ved transfer Es compie�ed. The amount �f this charge shall not exceed th� maximum established by the De�a�trry�nt of V�terans Affairs f�r a loan t❑which �ecti�� 7�4 of�hapfer 37, Title 3S, United �tates Code applies. �c} A MPT! hl �NDEMIVITY LIAB1LfTY: lf this obiigation is assumed, then the �ssumer hereby a�rees t� assurne al! of the abligati�ns of the veterar� ur�der the terms of �he ins�rurnen�s creating and s�curing the Ioan. The assumer further a�rees ta indemnify the Department of l�e��ans Affairs to the extent of any Giaim payment aris�ng frvm th� guaranty or insurance of the indebte�ness cre�ted by�his instrumen�. q433669501 7 �1�5 5�.9 � �3 � - ln�tiafs: � � � VMP°-538R ��4Q5}.�� Page 2 vf 3 . � � �r �'