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�0�10�1�� Transfer of the Property. This loan may be declared immediately due a.nd payable upon transfer of the property securing such loan to any transferee, unless the acceptabiliiy of the assumption of the loan is established pursuant to Section 3714 of Chapter 37, Title 38, United States Code. An authorized transfer ("Assumption'� of the property sha.11 also be subject to additional covenants and agreements as set forth below: (a) ASSi7MPTION FL7NDING FEE: A fee equal to zero and one-half (0.500%) of the balance of this loan as of the date of transfer of the property shall be payable at the time of transfer to the loan holder or its authorized agent, as trustee for the Depa.rtment of Veterans Affairs. If 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 beas interest at the rate herein provided, and, at the option of the payee of the indebtedness hereby secured or any transferee thereof, sha11 be immediately due and payable. This fee is automatically waived if the assumer is exempt under the provisions of 38 U.5.C. 3729 (c). (b) ASSiIMPTION PROCESSING CHARGE: Upon application for approval to allow assumption ofthis loan, aprocessing fee may be charged by the loan holder or its authorized agent for determining the creditworthiness 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 Deparhnent of Veterans Affairs for a loan to wluch Section 3714 of Chapter 37, Title 38, United Sta.tes Code applies. (c) ASSUMPTION INDEMNITY LIABILITY: If this obligation is assumed, then the assumer hereby agrees to assume all of the obligations of the veteran under the terms of the instruments creating and securing the loan. The assumer further agrees to indemnify the Department of Veterans Affairs to the extent of any claim payment arising from the guaranty or insurance of the indebtedness created by this insirument. IN WITNESS WHEREOF, Borrower(s) has executed this VA Guara.nteed Loan and Assumption Policy Rider. Borrower .r ;. i, ----- % �' _ ��' � , - l �_��'""?�—�—� ��-� l c�s G 1 J vi ' 'o Date arah ' 'on ate Seal HCFG-00762 Veterans A1Fairs Guarante�l Loan and Asaumption Policy Rider VMP� Woltera KluwerFlnancial Servi�s � 7999, 2009 2011 08 7 64.0.0.0.4002J20110224Y Seal Page 2 ot 2 885 11