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OX11fDZS'S'S11 <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 CHARGE: Upon application for approval to allow assumption 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 maximum 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 Veterans 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 />(Seal) (Seal) <br />Scott T Laws - Borrower Kathaline M Laws - Borrower <br />MULTISTATE VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER 10103 <br />Page 2 of 2 <br />