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88- 105792 VA ASSDKPTION INFOIlMATION RIDER TIllS VA ASSUMPTION INFOBKATION RIDER is made this-25l:lliay of ."....n""~ .19..88.... and 1s incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security InstrumentIT) of the same date given by the undersigned (the uBorrowerl!) to secure the Borrower I s Note (the "Noten) to ('.onTIlP-r~ial I?PdPr~l Morl:!i'a~1f.~ ('f')rpnr.~"inn (the "Lenderlt) of the same date and covering the property described in the Security Instrument and locat~d at: ?r.? R l::1t-h. 'toJnrv1 Q;Ut:lor". r\JF. ';RRR~ (Property Address) 1. "This loan is immediately due and payable upon transfer of the property securing such 10a11 to any transferee, unless the acceptability of the aSBumption of the loan is established pursuant to SectioT'l IBIlA of Chapter 37, Title 38, United States Code.1I 2. ,Fundinll Fee "A fee equal to one-half of 1 percent of the balance of this loan riS of the date of transfer of the property shall be payable at the time of tranafer to the loan holder or its a\lthorized aszent as trustee for the Administrator of Veterans AffaJrs. Jf the assumer fails, to pay this fee at the time of transfer. the fee shall constitute an additional debt to that already secured by this instrument. shall bear interest at the rate herein provided, and, at the option of the payee of the indebtedness hereby secured or any transferee thereof, shall be immediately due and payable. This fee is automat- ically waived if the assumeI' is exempt under the provisions of 38 U.S.C. 1829 (b).1I 3. ProcessiDR Cbarae "Upon application for approval to allow assumption of this loan, a processing fee may be charged by t.he loan holder or its authorized agent for determining the credit- worthiness of the assumer and subsequently revising the holder's ownership records when an approved transfer is completed. The amount of this charge shall not exceed the maximum established by the Veterans' Administration for a loan to which Section IB17A of Chapter 37, Title 38, United States Code applies." 4. Indelllllity Liability nlf this obligation is assumed, then the assumeI' hereby agrees to assume all of the obligations of the veteran under the terms of the instruments creating and securing the loan, including the obligation of the veteran to indemnify the Veterans' Adminis- tration to the extent of any claim payment arising from the guaranty or insurance of the indebtedness created by this ins trument. II 'i" ~ 6~ 'BORRO R) l~oLe...- (DATE) ~,~ jJ,-,IAJ BORROWER) ~ /1) , ); Z? (DATE) ( BORROWER) (DATE) ( BORROWER) (DATE) Tt-I<.>22.! (.I/MH)