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�0110616� <br />shall be immediately due and payable. This fee is automatically waived if the assumer is exempt under the <br />provisions of 38 U.S.C. 3729(c). <br />(b) ASSUMPTION PROCESSING CAARGE: Upon application for approval to allow assumprion 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 maYimum 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 Vetera.ns Affairs to the extent of any <br />claim payment arising from the guaranty or insurance of the indebtedness created by this instrument. <br />IN WITNESS WHEREOF, Borrower(s) has executed this V.A. Guaranteed Loan and Assumption Policy Rider. <br />, <br />Q I mG�/� <br />�� � (Seal) • �C� ���!'� (5ea1) <br />EARL �BB� -Borrower MARLENE TIBBS -Bonower <br />MULTISTATE VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER <br />Page 2 of 2 <br />10/03 <br />