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<br /> ' '�"'.�'°� � THIS ASSUMP'ITON I'OLICY RIDER is mada tbis , � day oi � �'
<br /> � sud is iacorpnrat�iata aad shall be deetaed W emend eAd s�pplement the Mnrtgage.l�ed of�'tust.or.I7e�.�
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<br />= ��=.�i��''�- I1�rtgr�or's rinte("Note°)q#the same da�to � , '"-r;�;�s.:;f-'<t:
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<br />- . , . :,;,-� NoiwitLsteadiag ��g to the cont�ary set 4anh in tha Instnunent� I1�rt�gec sud Martgagor herc8y .--
<br /> �� . acknowledge,aad agrea w the follawn� ; � , �
<br /> . .._..' " - t3UARANTY:Should the Dcpartment of Veterans Aifaire iail or.reiuse to.issue its guaraatq in fu]t amouut wltbin ---
<br /> . � '.. � �60 dsys from the date that tbia toar�woold normally become eligible Ior sitch guareaty committea upoa bg tAe
<br /> �'ri. � `� Depar�ment o�Veterans Aifaire under the provisions oi Titta 38 of the U.S. Cade "Vatera� Bene�its." the_
<br /> . • �. ����' Mortgagee may declare the indebtedne�hereby secured at once due etld papable and may foreclose irpmediately or,
<br /> . . ,.� _ � may eseccise any other rights hee�under or tske anq other proper actian es by law provided. � . —
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<br /> . TRAr1SFER OP THE PROPERTY:If all or aay part of the Property or any interest in it ie soId or traastened�thie — --
<br /> _ ,�'.• . baa maq be declared immediately due and payable ugon trans4et("assurnptiou")oi the praper securia�attch �
<br /> -. �;•.���,. ( `�� . taaa to aay traasfer� ("e�umer"). unless the acceptability of the as�mptian and transFer o4 this loaa ie --------
<br /> �''` established by the Department of Veteraas Affairs or itia authonzed agent pursuaat to Saction 3714 of Chap*�er 3?� ���a���-=-
<br />- � . `' � Tifle38,UnitedStates Code. �.w�+ ��M
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<br /> � An authorized traasfer(°assumptioa")of the property shall also be sub�ect to additio�t covenaats and ageEm� ' .';,:x;'., ,`
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<br /> ." ��r�,,i. . (a)ASSUMP'ITON FUND�f'r FEE A fee equaE w one-half of 1 perceat f.�(L��of the unpaid prirs�ig�l . � �r�,ir„�" -=-
<br />_�,� , . . ,;'`�';;' bala�o oan as o t e o troasfet oi the��serty sball 6e payable�.;:'t�:s time o4 transPer vn dc�e i<<,`J,:
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<br />�, . . .;:�;r.��°. xnor�gee or its suthorized a�;�truatee for the De�ceseut of Veterans Affairr�L the assumer faits to pap t�ia � ti�fi .•;�Y1
<br /> . �..., Si,±t��>ibl�;�;�-_:�`-�---
<br />- � ; � fee at tJie time of transfer,the fee shall wnstitute an edditi6�debt to s�alteadp secured bq this iastrumeat.sl�aU ` ,,,�;. ..
<br /> � . ��� bear iaterest at��he rate herein provided,and.at the opiiQn.af she mar�g�o f t he ia de b t e d ness here by s e c u r e d or r�;���4.�:`',`;;�:� _
<br />_ ' . .. ,� ,� aaq�eree thereaf,shall he immediately due and FacaTs�.Thia fee is automatically waived if the assu�r is '�`'� ,;,.. �
<br /> ' . �'t�'':: esecrcpt�der the provisions of 3t3 U.S.C.3729(b�. � � . � . . ^ ���_.._
<br /> � . . ���:j��.� - � .�. .���_ -__ -
<br /> . � �,`.;,i:;ASSUMPTION PROCESSIN(3 CHARGE L�Psn aPPlicatioa for approval to alla� m�umg�ixsc';�..�i r �;•
<br /> • �. ^�'er o t oan,a pr�ng ee may ..c rged by the mortgagee or i�authorized agent£c�r�,.�actii�y the � ` °'
<br /> :. . cr�ta��crthiness of the assumer and subsequently revieing the holders ownership records:ui��aa r�*troved '�..� '.'
<br /> - : . tra��i'ea is completed.The amount of thia charge shall not eaceed the lesser oi the crtaximum esfablishe�isp`the' . � . �� r_.,
<br /> � •,::�;� ' Depac�r.a�er�t of Veterans Affairs for a loan to wluch Section 3914 of Chapter 37,Title 38.United States Cade a�sti:�es . _ � � -
<br /> ��.: . � or anp masimum prescribed by applicable Stats law. , '. ..`� _
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<br /> •.; �:�;��,., -� � �� �� (c)ASSUMI''TION INDEMIVITY LlAB1LITY: It tt�is obligation is assumed,then the assumer herebq agrees • , , �.,�
<br /> � , .. w essume all of the obligations oi the veteraa under the terme of the instn�ments creating and securing tha loan, . . _
<br /> : � � � �� inaluding the obligetion of the veteran to indemniiy tha Department of Veterans Affairs to the extent of any claim ' ,'
<br /> '� �. � p a y m e nt a r i s i A g from the g uaran t y or insurance of the indebtedness created b y this instrument. �.
<br /> IN WITNESS WHEREOF,Mottgagor{s)has executed this Assumption Policy Rider. �� � . . ' ,f;�
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