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90-10593e <br />MS to i2i0N!n= nwnulaw AMU is made thi2,1 BW4y of October <br />and is incorporated into and sball be dessed to amsad acid supplamuc Cho Mortgage, <br />Dead of Trust or Security Dud (the "Security Instrument ") of the ume date gLveRo <br />the undersigned (the "Borrower") to seture the loerower's Note (the "Note ") to <br />Federal SwIrvis acid Loam AsswJatkn of Gland WaWhe "Lender ") of the saw date and <br />1 covering the property described is the Slecvrity Instrument and Located act <br />2221 &gleren hoed. Druid Island► (a 61Mi <br />(property Address) <br />I ' <br />1. "Me loan is immediately due and payable upon transfer of the property securing <br />such loan to any transferee. unless the acceptability of the assumption of the loan <br />is established pnrsemat to Seceloa L311A of Chapter 37, Title 13, 9otted States Code." <br />2. Imodlan Us* <br />t'A tee equal to one -half of 1 percent of the b4ance of this loan as of the dots <br />j of transfer of 'the property @ball be payable at Cho tine of transfer to the loan holder <br />or its sutb9rIxw4 agoat as trustee Ear the Administrator at Veterans Affairs. If the <br />I assumer fails. to pay this fns at the titme of transfer, the fee shall constitute an <br />additional debt to chat already secured by this instrument, shall bear interest at the <br />rate herein provided, and. at Cho apeloe of the payee of the indebtedness hereby secured <br />or any transferee thereof■ shall be immediately due and payable. This foe is autoeat- <br />Wally. valved if the assummr to ateeapt under the provisions of 79 Y.S.C. 1329 (b)." <br />3. ZtM41n C -ran <br />""pcn application for approval to allow aeowa.otion of this loan, a processing foe <br />1 nay be charged by the loan holder or its Authorized agent for determining the credit- Lm <br />worthiness of the assumer and subseelueaely revising the holder's ownership records <br />whom an approved transfer is aomtplsted. The amount of this charge shall not exceed <br />the maximum astablLabed by the Veterass' Adsinieeration for a loan to which Section <br />1317A of Chapter 37, Title 36, united States Code Applies." <br />4. Indemnity Liability == - <br />"If this obligation is assumed, then the aeevaer hereby agrees to %*son all of <br />the obligations of the veteran under the tents a7 the instruments eaeattag and securing <br />the Bova, including the ob ligation of the veteran to imdeouLty the Veterans' Admints• <br />tration to the extent of any claim paymeat arising from the guarmmt7 or iasurance of <br />the indebtedness created by this immarussiat." <br />10111011 Brian A. Liray -O'DO WBR) Deborah A. Gra DATL <br />B°RAMR (DAZE) (SORROMBR) (DATs <br />TKC -222 (1 / 83) <br />ti <br />r' <br />hr <br />A- <br />