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2o�oos2s� V4 WSCD LOAN � 503D716Z� CAB� #s 34-34-6—Q181812 MI�� 10005255Q307162288 VA GUARANTEED LCyAN AND ASSUMPTION PULNCY RIDER N�TICE: THIS L�AN i� NQT ASSUMABLE WITH4UT THE APPRQVAL OF THE DEPARTMENT OF VETERANS AFFAIRS aR IT� AIJTHqRIZED AGENT. THIS VA GUARANTEED LOAN AND ASSUMPTI�N PQLICY AiDER is made this z9�� day af ac�ra��R, aoia, and is incarporated irrto and shall be deemed tn amend and supplament the Mortgage, Deed of Trust or Deed ta Secure Debt herein "Security Instrument") dated af even date herewith, given by the undersigned �herein "�orrower") ta secure Borraw�r's Note to �c��rr �x�rr�c�� av� ��rc, A a�$�asx�► ca�po�,xio� (hereirr "Lender") �nd covering the Praperky described in the Security Instrument and located at �3959 SH�RWQOD RD GTt7�ID TSLAPD, PE �BB��-2�06 VA GUARANI'EED L,�AN COVENANT: In addition to the cavenants and agreemer�ts made in the Security Instrument, Borrower and Lender further cavenant and agrve as f�llows: !f the indebtedness secured hereby be guaranteed c�r insured under Title 38, United �tates Code, such Ti�e and Aegula#ions issued thereunder and in effect an the date hereof shall govern it�e rights, duties and liat�ilities of Barrower and Lender. Any provisions af the Security Instrument or ather instrumsrrts execu#ed in connection with said indebtedness which are inconsister�t with said Title or Regulations, including, but nat limited to, the prav�sion far paymerit vfi any sum in cannection with pr�ayment of the secured indebtedness and t17e pravision thatthe Lender may accelerate paymer�t af the secured indebtedness pursuant to Covenant 18 of the Securit� Instrumenfi, are hereby amended ar negatec! to the e�ctent necessary to cor�form such mstruments to said Title nr Aegulations, (�1TE CHARGE: At Lender's opfian, Borrowerwill pay a"late char e" not �c�eeding four per centum (4%) oftheoverduepaymer�twhert paid marethanfrFteen �15) daysa�t�theduedate thereaf to cover the extra expense �nwlved in handling delinquerrt paymet�t5, but such "late charg�"sl�tlnotbe payableoutaftheproceedsofarrysalemadetosa�sfytheindebte�ness secured hPr�by, unless such proceeds are sufficierrt to discharge the entire indebtedness and all proper casts and eacpenses secured her�ay. GUARANTY; 5hould th� Departmerrt of Ve#erans Affairs fail or refuse to issue its guaraniy in full amowrrtwithin60daysfrom thedatethatthis laanwould rtarmally becameeli�ibleforsuch guararrtyc�rnmitteduPonbytheDepartmeritafVeteransAfif�,irsunderthe prov��iansofTitle 38 vf the U.S. Cade 'Veterans Benefits," the Mortgagee may declare the indebtedness hereby secured at ance due and payable and may fnrecloss immediately or may e�tt�rcise any other rights hereunder or take any ather proper actian as by law provided. TRANSFER OF THE PROPERTY: This loan may be declared immediately due and payable upon transfer of the property sacuring such loan to any transferee, unless the aaceptability of the assumption of the laan is �stablished pursuant to Sectinn 3714 of Chapter 37, Title �8, United Sta#es Code, An authorized transfer ("assumptian") �#the property shall also be subjectto additional cavenants and agreements as set farth below: (a) SSUMPTI�N FUN G FEE: A f�eaeq ual to on�half of 1 p�rcent (.5Q%) ofi the balance af t is oan as of the date ot trar�fer of the properkar shal! be payable at the time of transfer ta the loan holder or its authorized agent, as trustee for the Department of Veter�ans Affairs_ If the assumer fails to pay this fee at the time of twansfer, the fee shatf constitute an VA GUARANTEE� LOAN qND ASSUMPTION Pb�ICY RIQER Tnitialg �� � i988, 2008 Online Documents, Ir��, Pa�A 1 pT Z P 1ASR 6805 1a-29-2Q1Q ].2sQ7