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202303550 <br />already secured by this instrument, shall bear interest at the rate herein provided, and <br />at the option of the payee of the indebtedness hereby secured or any transferee thereof, <br />shall be immediately due and payable. This fee is automatically waived if the assumer <br />is exempt under the provisions of 38 U.S.C. 3729(c). <br />(b) Processing Charge Clause. Upon application for approval to allow assumption of this <br />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 <br />holder's ownership records when an approved transfer is completed. The amount of <br />this charge shall not exceed the maximum established by VA for a loan to which 38 <br />U.S.C. 3714 applies. <br />(c) 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 <br />of the instruments creating and securing the loan. The assumer further agrees to <br />indemnify VA to the extent of any claim payment arising from the guaranty or insurance <br />of the indebtedness created by this instrument. <br />IN WITNESS WHEREOF, Mortgagor(s) has executed this Assumption Policy Rider. <br />ESSE BAXTER <br />(Seal) <br />- Borrower <br />Wintrust Mortgage, A Division of Barrington Bank and Trust Co., N.A. NMLS: 449042 <br />Kitty Franks NMLS: 877130 <br />Multistate VA Assumption Policy Rider <br />11/2022 <br />Page 2 of <br />Powered by Docu Prep Inc. 2023 rss 4758 <br />