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201701708
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Last modified
7/28/2017 2:31:37 PM
Creation date
3/20/2017 8:48:21 AM
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DEEDS
Inst Number
201701708
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2� 17� 17�8 <br /> �A} ASS U M PT��N FU N D�NG FE E:A fee equal�a ane-half of 1 per�ent�.5�°/0�of the unpa�d <br /> principal�alance af this�oan as of the da��of transfer af the property sha11 be payable at the ti_me af transfer <br /> to the mortgag�e or its authoriz�d agent, as trustee for the Se�retary of Veterans Affairs. If the assumer fails <br /> to pay thss fee at the time of transfer,the fee sha�l canstitute an add�txonal debt���ha�already secured by this <br /> �strument, shall bear interest ati the rate herein pro��ded, and, at the option of�the mortgagee of the <br /> indebtedness hereby se�ured or any transferee thereof, shall be immedia��ly due and payab�e. This fee is <br /> au�omat�cally wai�ed if the assumer �s exempt under the pro�isians of 38 U.S.C. 3729 �c}. <br /> ��� ASSU�I PTI�N PR�C ESS{NG C HARGE: Upon application for appro�a� t� al�aw <br /> assumptions and transfer of this �oan, a processing fee.may be charged by the mortgagee or its authorized <br /> agent for de�ermining the creditworth�ness of the assumer and subsequently re�ising the holder's ownership <br /> records when an appro�ed transfer is completed. The amoun�of this charge shal�nat exceed the maxi�mum <br /> establ�shed by the Department of V�terans Affairs far a loan to which section 37�4 of Chapter 37, Title 38, <br /> United States Code applies. � <br /> �Cj ASSUM PT1�N INDEM NITY LIABtLITY: lfthis obligation is assumed,then the assumer <br /> hereby agre�s tfl assume al�af�he abligatiflns of the�eteran under the terms of�he instru.men�s creating and <br /> .securing�he 1oan, .including �he ob�igation of�he�eteran t� indemnify the Departmenti of V�terans Affairs <br /> to the extent of any claim paymen�arising fr�m the guaranty or insurance of the indeb�edness created by this <br /> instrumen�. <br /> IN WITNESS�VHERE�F, Mor�gag�r�s�has exe�uted this Assumption Policy Rider. <br /> + . � . . � <br /> �Seal} ` � �Seal} <br /> �ENNE TH �T R�S 5 Mortgagor PATR I�IA A R�5 5 Mor�gagor <br /> �Sea1} �Seal} <br /> Mor�gagor Mortgagar <br /> �Seal} �Seal� <br /> Martgagor Mortgagor <br /> VA ASSIJMPTION P�LICY RIDER , ' ' � DocfNagic p <br /> VAPR.RDR fl9l2�114 �Page 2 of 2 ■ www.dacmagic.com <br /> . <br />
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