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200205985 <br />(b) ASSUMPTION PROCESSING CHARGE: Upon application for approval to allow assumption and <br />transfer of this 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 maximum 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 <br />agrees to assume all of the obligations of the veteran under the terms of the instruments creating and securing the <br />loan. The assumer further agrees to indemnify the Department of Veterans Affairs to the extent of any claim <br />payment arising from the guaranty or insurance of the indebtedness created by this instrument. <br />IN WITNESS WHEREOF, Borrower(s) has executed this V.A. Guaranteed Loan and Assumption Policy Rider. <br />eoC.. S;Lr�e— ..,.�. (Seal) Qilll� (Seal) <br />RANS D. SANDERS - Borrower LiO A_A. SAM3 RS - Borrower <br />- Borrower <br />DOCURVA2 Page 2 of 2 <br />NC VA].v 11/08 12001 <br />- Borrower <br />