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<br />200602083 <br /> <br />shall be immediately due and payable. This fee is automatically waived if the assumer is exempt under the <br />provisions of38 U.S.C. 3729(c). <br />(b) ASSUMPTION PROCESSING CHARGE: Upon application for approval to allow assumption of <br />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 State Code applies. <br />(c) ASSUMPTION INDEMNITY LIABILITY: If this obligation is assumed, then the assumer <br />hereby agrees to assume all of the obligations of the veteran under the terms of the instruments creating and <br />securing the loan. The assumer further agrees to indemnifY the Department of Veterans Affairs to the extent of any <br />claim payment arising from the guaranty or insurance of the indebtedness created by this instrument. <br /> <br />IN WITNESS WHEREOF, Borrower(s) has executed this V.A. Guaranteed Loan and Assumption Policy Rider. <br /> <br /> <br />~. A Uu.-L ~_. <br />HN A. PEBECK, III <br /> <br />(Seal) <br />-Borrower <br /> <br />~Lt J' f) lid <br /> <br />KELLIE S. PEBECK <br /> <br />(Seal) <br />-Borrower <br /> <br />(Seal) <br />-Borrower <br /> <br />(Seal) <br />-Borrower <br /> <br />MUL TIST A TE VA GUARANTEED LOAN AND ASSllMPTION POLICY RIDER <br />Page2of2 <br /> <br />10/03 <br />