Mortgage of Real Property

The following statement must be signed at the time of the loan application by both the borrower and lender on loans that are insured or guaranteed by the United States veterans' administration:

I understand that the veterans' administration may attempt to hold me liable for the

guarantee it offers the lending institution on this mortgage. I understand that it may be

alleged that I may remain liable for the amount guaranteed by the veterans'

administration if this mortgage is foreclosed or if the property is sold by me without first