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ttIDER TO TIIG NO1tTCACC R6CAIiDINC ASSUMA~ILITY
Tlile Ridcr. dnteJ ttie Joy of ~ . 19
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nmende thc Hortgage of even dnrn by ond betweea ~
.10SEPH S. NAPIER AND CANDACE J. NAPIER, his wif , the mortgagor(s). and ~
DELLWOOD CORPORATION ~ ~ the mortgngee. ae ~
follovs: • ~
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Ttiie loan is immediately due and payable upon trnnefer of the proper[y eecuring •
cuch loan [o nny treneferee. unlesa the acceptability of the asaumption of the ~
loan ie eatablished p~reuAnt to Sec[ion 1817A of C}~apter 37. Title•38. United
S[utea Code. ' . ~
j Further; n fee equal to one-i~alf of one perce~it of the balance of this loon ae . ~
of tl~e date of transfer of the property ehall be pnynble et [lie time of tranefer
to tlu lonn iiolder or ite au[harized ngen[~ as truetee for tlie'Adminiotrntor oE
Vcternns ALfaira. If tli~ aseumcr fnils to pny tl~ie•.fee nt [hr. time of trnnofer, ~
~ tlie fec el~nll constitute an additionc?1 debt [o tliat alrendy secured by tliie
instrument. al~all benr interes[ nt tl~e rate herein•provided. and. nt the option
of the pnyee of the indebtednese hereby eecured or any tr~neferee thereof~ Rhall
~ bc immedintely due ana pnyable. Thie fee ie nutumntically Wnived if the aseumer.
~ is exempt under the prvvielone of 3H U.S.C. 1829(b):
~ Furthcr; upon npplication for approval~to nlloW nsaumption of thie loan~ a pro-
cesoing 'fce mny bc cl~nrgcd by [he lonn holder or ite n~t}iorl~zed ngent for de[er-
~ mining tl~e creditvorthineae of [he aeeumcr aad subecquently revieing tl~e holder'e
ovncrehip recorde When ai~ Approved [rensfer ie completed. The nmount of thie~~
ct~nrge etiall not exceed the muximum~eetabliehed by the Veternns' Adminintration
for u loan [o Wt~ict~ Section 1817A of Cliapter 37~ Title 38~ Uni[ed State~ Code ~
npplleB. ~ '
Further; if thie obligation io aeoumed. then the eaeumer hereby agrees to aesume
~ all of the obli~ationa of the vetetan u~der the terms of the inetruments~creating
s t
~ and securing the lonn. including the oblibation of the veteran to indem~~'2fy,.tbC!
Veterane Adminiatrotion to the extr.nt of eny clnim pnyment arieing from tt~e
~ guarnnty or insurnnce of the indebtednese crented by thia inetrument.
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IN {~lITt7ESS FTIIEREOF. JOSEPH S. NAPiER AI~D CANDACE J. NAPIER, his wife
has aet liis hand and sesl tl~e dny and yet~r firet aforeeaid.
'S0 JAN 22 P 2 ;~b ~ ,
_ 102 ~ 7? 8 C~~ _
~ cse81~
l` . i I., 0 S~ NAP I 1
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~ ~ CANDACE, J . N~ I ~
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: Signed, eealed nnd delivered in the preeence of t
~ 8001(U~~ PAGf 4~~
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