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99 i�9� 3� <br /> be immediately due and payable. This fee is automatically waived if the assumer is exempt under the provisions of <br /> 38 U.S.C. 3729 (c). <br /> (b) ASSUMPTION PROCESSING CHARGE: 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 determining the <br /> creditworthiness of the assumer and subsequently revising the holder's ownership records when an approved <br /> transfer is completed. The amount of this charge shall not exceed the maJCimum established by the Department of <br /> Veterans Affairs for a loan to which Section 3714 of Chapter 37, Title 38, United States Code applies. <br /> (c) ASSUMPTION INDEMNITY LIABILITY: If this obligation is assumed, then the assumer hereby agrees <br /> to assume all of the obligations of the veteran under the terms of the instruments creating and securing the loan. <br /> The assumer further agrees to indemnify the Department of Veterans Affairs to the extent of any claim payment <br /> arising from the guaranty or insurance of the indebtedness created by this instrument. <br /> IN WITNESS WHEREOF, Borrower(s)has executed this VA Guaranteed Loan and Assumption Policy Rider. <br /> � <br /> Henry E C ns -BanoWer <br /> �• <br /> i n S Coons -sonoWer <br /> -Bonower <br /> -Borrower <br /> �-5386�s5oai.oi Page 2 of 2 <br /> m <br />