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20090934; <br />V7 WBCD LOAN # 502749972 <br />additionaldebttothatalreadysecured bythisinstrument,shall bearinterestattherateherein <br />provided, and, at the option of the payee of the indebtedness hereby secured or any <br />transferee thereof, shall be immediately due and payable. This fee is automatically waived <br />if the assumer is exempt under the provisions of 38 U.S.C. 3729 (c). <br />(b) ASSUMPTION PROCESSING CHARGE: Upon application for approval to allow <br />assumption ofthis loan, a processing fee may be charged by the loan holder or its authorized <br />agent for determining the creditworthiness of the assumer and subsequently revising the <br />holder's ownership records when an approved transfer is completed. The amount of this <br />charge shall not exceed the maximum established by the Department of Veterans Affairs for <br />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 <br />assumer hereby agrees to assume all of the obligations of the veteran under the terms <br />of the instruments creating and securing the loan. The assumer further agrees to <br />indemnify the Department of Veterans Affairs to the extent of any claim payment arising <br />from the guaranty or insurance of the indebtedness created by this instrument. <br />IN WITNESS WHEREOF, Borrower(s) has executed this VA Guaranteed Loan and <br />Assumption Policy Rider. <br />~~ ~~.~C (seal) <br />CARL D. SALLI ER <br />~j ~~,,~~~~~~ ~ <br />Bonnie J. Sallinger <br />VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER <br />® 1999, 2008 Online Documents, Inc. PBgA 2 Of 2 P8751ASR 0805 <br />11-17--2009 17x24 <br />