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<br /> " : ',:;`. Iftheindebteda�securedherebybeguarenteedd�ria�utrbdimder'Iit1e38.UattadStatesCode.�chTifleaad . `
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<br /> • , . � �� and the prodTsi�n thet tha I�ea er may nccelerate paymen4 of thececured indebtednzss pueewnt to Goversuit �".�u�::.-�_
<br /> '., .� _:.,- �. 17 ot tha Secutit�+tnatsument,ara teeroby amended or aegd�tEd ta the extent neceseary to confos�m euch � . -" - C4j�-'--
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<br /> ' : �, '� �.ATECHAI�OE:AtLer►dar'aoption�BorcowarNillp� e"letocharge"notagcad'sngtmurpercentu�s(4°,b) '�-��.:;�.'`-����: _�
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<br /> , ,-.. .� ,, . ,,;.. -oi tha oveMue PsYment when psid mare thsa fiftaea( �)doys aimer ths due dats ttiereoi to wvcr t6e esere - . ., •
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<br /> �� ,;�:��-:' '. �� � espense invofved in�handllag delinquent paymoata.lsut eucA"lato char�e"ahall nos be papable out of the �;,::.�<� ;`�,.
<br /> ,.�:�:?,�,,� ' :,`. . praeeedo o!es�g eala made w�atisfy the indebtednesa secured herebp�unle�v auch praceeds are suffici�atto F:_�..�,-: `� �
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<br /> - GUAI�AtI�'Y:Should the I3apartmmit;ot�Vetergns Aifairs feil or.r�fu$e to iasue its guaranty in tult amount . �E�'. :,���±�-
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<br /> ,� ;`„��;. u�goa bp theD�partment of Vetesonfi Aftairs under ffie prnvisions of T�tle 38 of tDe U.S.Code"Veteraas :'�°`-� .
<br /> ��• �euefits."the 1Wlortpagee may da�liue the iadebtedness herebp secuted at once due and payable and may ���'
<br /> . '.,; ; � '_� foreclase immediately or mnp eaeraiss any other rights heteunder or take anp other pr�nper actioA aa by law ;:
<br /> _s. f:. `'� ;; ;:r�;. provided� . .
<br /> � ' TRAh15FER:OF THE PRO�'ER'I'�f• Yf�al! or any part of the�ropeity or atry interest in it ia sold or �^�� ` �`
<br /> '�� { + ' , " tr�nsfem3d.tbia lean may be declered immediatelq dae aad papable upon transPer{<`a..�umptioa")of the ,, � ,1{ � ,
<br /> . .,.�4''`:"�': � � � , p;operty�acuring sucb laan to anq transFeree("ass�mer"),unles�the acce�tability af the assvmpEion aad ;,,��;; ,N.•. � .
<br /> t� ;; ,v l�t�t;r,y�t �'"'< < ;:i,Ta�lsfer af tbis lo3u i8 t�stB6lished by the��ment of Veterans Affai�s or rts auth�rized agent pu�t W �f�(' �� ,, �x�."
<br /> �s ��°��� ` `Se�tion3Tt�ofChapter37;Title38,UnitedStatesCode. , ��%,��,r�';��%
<br /> °�� � �: An autlibr�d transfer(••assumption'•'}oP the property ahail also be sub1ect to additiauat covenauts and ` ����J'�`
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<br /> ,_ . � � (a)ASSUMPTICSl�I FUNDiN�L�E:A fee equal to one-half of 1 percent(.50%)of th:unpasd prin�ipal � -_
<br /> ' baleuce o a oan as o e n traasier of ffis Qropertq sball be papable at the time of traasPert�t4se �'t '�i� ,__
<br /> ,��'� ' mortgages or its suthorized agea��trustes for tha 17epartment of Veteraas Affairs:Iit ffie assumer f2�to ��.,= . . "�•�`��_;:
<br /> _ ' , . �ay thia fee at the time of traasl'�ra the fee ahall constitute an additional debt to that ettezdg secured fiy this . � � �;��=�=-°`v
<br /> � � . ,. ' . msWment�ahall bear intereat a�rJae rate herein provided. and. at the optioa of tit:��ortga ee of the 'a.;,::': �-::;�:�;.:._`=;�
<br /> _ • ; �, ,;: indebtedaess hereby secured or aaq transferee thereof.shall be immediately due and��able.�fee is . , : ,�`. .'::�s•-�;;;,:_
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<br /> t � +�,:,��'''' ':'r��' ' ' sutomaticallywaived if the assumer�s esempt under the provieions of 38 U.S.C.3729(b). � ' •� �*:-
<br /> >,' ;;�;'��'Y��:��- ;- . , (b)ASSL311QFI'I�Jl�PROCES.SING CHARGE:Upon application for approvel to a12ow as�a!�u�and � . �;,� " .-.... ., :�;
<br /> '� ,..; ,.�,��,+;� - �:��,.;! � � tiangfer o oan. a pra ng ee may c arged by the mort gee or its suthoriz�d a�t�or , , , ," �;,�: ' ;�. ":.�
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<br /> �.e ;. ��' � •�` " . ' 'determi�iag tha creditworthiness of the assumer and subsequently revis�ng tlie Lolder's'o� r'g•r�orda � ..,,�
<br /> -`�' '. .. . , >'� +whes�arc a roved transter ia com leted. The amount of rltis char aha11 not esc�£�;?� oi tha � ., . � ;,';�;;.�_
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<br /> � . �nasimum eatablished by the Department of Veterans Affais�t'or a loan to which Sectiorc 3"?C4 a�C�,�r.er 37, , , �. ,. . �-z�h�, ;_
<br /> '��� � . ' '�'it1e38.UnitedStatesCadeappliesoranymasimumpreseribedbyapplicableStatelaw. ' , . � � _-
<br /> (c)ASSiJMP7TON INDENINfTY LIABILTTY:If tDva obligation is assumed,then the assumer I�sebq . • . '" �`
<br /> ! �' .,..'�`��' '��.'' a to asgu�ne a o o iga ions o e ve n under the terma of the inatrumentscreating and securing :. ' -
<br /> � e loaa,iacludiag the obligatlon of the veteran to indemnify the Department o4 Veterazie Affairs to the
<br /> _ ' � ' eatent of aay claim payment arisiag 4rom the guareaty or insurence of the iadebteditess crested by thie • ,-
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<br /> �� � IN W17'1VESS WHEREOP,Borrosver(s)has egecuted thia V.A.Guarenteed Loan and Assumpiion Palicy . :�';i
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