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202104696 <br />provided, and at the option of the payee of the indebtedness hereby secured or any <br />transferee thereof, shall be immediately due and payable. This fee is automatically waived <br />if the assumer is exempt under the provisions of 38 U.S.C. 3729(c). <br />C. Processing Charge Clause. Upon application for approval to allow assumption of <br />this loan, a processing fee may be charged by the loan holder or its authorized agent for <br />determining the creditworthiness of the assumer and subsequently revising the holders <br />ownership records when an approved transfer is completed. The amount of this charge <br />shall not exceed the maximum established by the Department of Veterans Affairs for a loan <br />to which Section 3714 of Chapter 37, Title 38, United States Code applies. <br />D. Indemnity Liability Assumption Clause. If this obligation is assumed, then the <br />assumer hereby agrees to assume all of the obligations of the veteran under the terms of <br />the instruments creating and securing the loan. The assumer further agrees to indemnify <br />the Department of Veterans Affairs to the extent of any claim payment arising from the <br />guaranty or insurance of the indebtedness created by this instrument. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in <br />pages 1 and 2 of this Assumption Rider. <br />(Seal) <br />02_13nrr er - GARY D ALEXANDER Bo i ower - K LA R ALEXANDER <br />Origination Company: Bank of the West <br />NMLSR ID: 19116 <br />Originator: John Ramirez <br />NMLSR ID: 1663232 <br />111 11 11 1 11111 11 11 11111 <br />* 8 8 1 0 5 8 1 1 9 5* <br />MULT STATE VA ASSUMPTION RIDER Single Family UNIFORM INSTRUMENT <br />Mortgage Cadence Document Center © 3637 04/10 Page 2 of 2 <br />eal <br />iJhihiJJijhLhi III B <br />