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<br /> - y �,,� � V.A.(iiJA13A1�iTEED LOAN OOVENAI�iT:.in edditeon to t&e oovenants and s1�x. nsmt�+;m�4b in th+�
<br /> _ -��� Savrityl�strunaeabBoprcrWerandi.euderfurtliercaveaamandagrEeas[ofta�s� � . . ,:
<br /> - =--�`��:� .. Iftheindebtedu�ssecuredhenby�guaranteedorinsuredunderTitte38,,Unitad�tt,��a��'iichTitteand :,:�;_-
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<br /> �_..9�w,�.s�� � . Regiilati�asiss�dthenunderandiaciic�tcsnthedatehenoishatfgoverntheri�►t�ki�ti�andliabilities� _
<br /> --___�.=�°_� .,�- . gereoAar and Leader. AAq provisioas of the Securiry lnsdvment ar other it�tvftreents ex�cuted iA . _ _
<br /> --_- -��+� � oonr.e�on�ith said indehtedaes9 wiuch�inoonsistent aith said'fitte os Regiila4im�ns,iACiudtn,�,bat aut
<br /> - �.-�'-^�->���•.._ __..Ii�nifedm,theFsovisionforpa enaoian;Y.sum�uconnectionwithprepsymmtoithe'gx�ttediadeb�s
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<br /> -r ":` ,�. :''''"' ' and the�rovn�on thatthe�nnay acoelerate payrnent of the secwed indebtedn�parsu�ntto Covenant .
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<br /> -_-__'��`- .:. . 1'7 ai the Securitq Ins�en�are hereby emended os negated to the esteaR n�ry to oonfarm s�neb . .
<br /> -.F�=;', ' '�;; '(`` .; instntmmtstnsaid�it2ecra�Regulatiot� . �
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<br /> � -� LA'i�CHt�c�E:A�sL�-�x'soptia�,Hornuwer�,Il�ya latecharge not�tceedingfourpercentum(�Wi) .
<br /> _� • � - --= �. -of the over+�^.ie�ymiesi���n Paid mcr�thati tiitees��1S��days aiurthe due dats thenaf w oaver�thae�
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<br />_ .espet�sa inv�8�zn i�¢�fu�detir�q��aymenta,but such°tate charge"sAa11 not be psyable out ai tTto
<br /> �.�,� � . - ��s d£r�s�ie sc��,tei.�tisfg tP�cadebtedness secured heroby.un3ess such proceeds are sufticien�tn .
<br /> ; . � �^^:.J�arge�t�ieinde�t�,�jf�as�d�4E�rioPercosmandespensESeecuredhenebp. , ,. ,
<br /> _ � :'� .':, .�ff€JARA1�=4'�inuid the DepartmeaGa�Veterans Afiairs fail os reftr�e to issua its guarentq it►Eull antous►t .,,
<br /> � • ' latdthin 60 c�'4rom the date that this�,!",�a would nmmally bevome eii ble for such guarsatg eommitted� ���"^-
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<br /> ,. '.` ....::...:.: .' �.,^t�.b�theDepartment of Veterens.�f�airs under tha provisians of Titte 38 oY tAe U.S:�3'�:"V�teran$ �;`F'
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<br /> I. <<>�.�, ,�rr�ts,.tlte Mortgagee may d�clare t4se indebtedn�ss hereby aecured at once dae and'jp��ti��attt}=.�. ' ,
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<br /> :�,�;;::�°'� •f�ar+�dosa immediately or may eYercise any other ri�ht5 hereunder or take any otl�er pmper acpon�s' :b�;: .
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<br /> � : . .:: ta TI;ANSF�:t�THE P�aPERTY: If aU or any part of the Property or any interzst in it is soJd or ,.
<br /> >�.. �'' tran.derr�e�i ts'si'ts'�oan may be de�tared immediately due and payable upon tranafer("essumption"}af.tiie �'.',�,;.
<br /> ``�. � " � Property�ris�;�;such loan to any transferee("assucner'),unless the a«x�tabili af the s�m tion and' ,:�.:
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<br /> ' � t�a�sfetof tfs.�fY�is.�.tlished by the�rtment ot Veterans Affairs or�ts suthorized agentpursuantto .�-
<br />-_, � - �ection3714oft�:aptet�T'�itle38.United tatesGiii�. �:,.',
<br /> ..jc:"�, < An authorize3 ttansfer�('�a�svmption")of the pra�`�shall also be subject to additional covenants aad � ;:,•�;. _
<br /> - , :� agreementsassetfotthbelow: ^::,•`
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<br /> ��'��.:� . ' (a)ASSUMPTION�LINDING kE�.�i fee equal m one-halt of l percent(.50%�of the ua�si,d tincipal �j;"
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<br /> r ,balance o s oan as o e a� er oi tihe��roperty shaii be payable at the time of,�er to the
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<br /> { „�'�, .. �y this iaa at the time of ti•ansfet.the fee shall eair..�t�atean additional de6t to that alreadp secured bp ti?�
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<br /> �nstrument��.hall bear inter�st at the rate herein provided�aad, at the option of the mortga ot tt�.re � __
<br /> �r,��;- :' � indebtedr�1§ereby secured or any transferee ther�of.shalt•bs:'r.mmediately dae aad payable.This fee is � , „
<br />- _ +�'� �, , automatica���waivediftheassumerisegemptundertheprovis?u.�af38U.S.C.3T29(b). ,�;,.,
<br /> � ON PROCESSING CHARGE;U n ap licotion fora rav$1 to allow assumption a�,. ' -� ,M.'�°'
<br /> �a«-• (b)ASSUMP�TI Po P PP �?;:r�,:. •� ;•z�-
<br /> � :;.�i`;,��,5;;�; `. transier o s oan. a process�ng ee may c arged by the mort�agee or its autharized agent�'�a'� . .�.u ;;�._ •.;.,.f;;;;;
<br /> :� ' determining tize creditcvorthiness ot the assumer and subsequentty revismg the holder's ownetship t+eatr� ;. '_'•;�t,�.`:��'� � ,
<br /> �;t. � � . • ' when an appsoved transfer is cvmpleted.TAe amount of this charge shall not exceed tJ��lesser of t�r�'' .t�;�., :_ �... �.� �
<br /> ';���: �:, ��"' maaimum established by the DeQartmentof Veterans Attairsfos a loan to which Sectian 37x4°a�Chap�e�37.. .
<br /> �`" �-•: .. Tit1e38,UnitedStatesCodeapplsesoranymaximumprescribedbyapplicableStatelaw. . . ,• ,- ` �•
<br /> f ' •� .� (c)ASSUMPTION 1NDEMNITY LIABIL1Tlf:lt this abligation is a�'sumed,then the s.�met l�r..Lj�' '-
<br /> ' •� . _ . agreestoas3ume o eo �ga conso eve eranunderthetermsoftheinstrumentscreatingands�.vbs"�}� ',.
<br /> � the loan,including the obligation of ttxe veteran to indemnity the Department of Veteranfi Affairs tr�tLr: �• ' .
<br /> � eatent ot any claim payment arising�nim the guaranty or insuc�ance of the indabtednes��ted tsq;titia 7�. -
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<br /> �'�`' trn�3T1'��i��UHERFAF.Bonow�;J�has executed this V.�..�ti�ranteed Loan and AsS�mnw�n Policy "
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<br /> �-� . �jr� -Iiorrowet T11�T�tA $ � -Borrower
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