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r 84 - 002878 E. TRANSFER OF PROPERTY; ASSUMPTION The following Paragraph 24 is hereby adopted: 24. Transfer of Property; Assumption. Notwithstanding the provisions of Paragraph 17 hereof, Lender shall waive its option to accelerate under Paragraph 17 if (1) prior to such sale or transfer, Borrower notifies Lender of the proposed transaction and sees that Lender is given any information it may request in order to evaluate the person to wlroa the Property is being sold or transferred, (2) Lender determines, in itsl!ol.u discretion, that assumption of the loan by the proposed purchaser- or transferree will meet standards of creditworthiness and security which aore acceptable to it, which standards shall, insofar as may be practical, be the same underwriting standards as are then applied by Lender in connectioncw1t.h making a new loan, (3) the person to whom the Property is to be, so1d-or transferred executes a written assumption agreement accepted in writil1s by' Lender, agrees to pay an assumption fee which sha11 be equal to the origination, discount and other fees, charges and processing costs then-being, charged by Lender on similar new loans, and agrees to an increase in aJ:iy'- applicab1e maximum interest rates as provided below, and (4) no other defau1:t,s exist under the Security Instrument or the Note. This Paragraph 24 shall only apply to a sale or transfer consummated prior: to, conversion of the loan to fixed interest rate and payment under Paragraph'do1! the Note. Upon an election of Borrower to convert to a rixed rate 'and- payment, the provisions of this Paragraph 24 shall terminate and sha11 haYe'n~ force and effect on any sale or transfer consummated thereafter. The max~- interest rate provided in Paragraph 4(b) of the Note sha1:l be increased by- 1 percent, consecutively, for each assumption pursuant to this Paragraph 24. Any such increase will be effective on the first Change Date fo11owil1g Lender's offer to approve the assumption if such transaction is thereafter consummated. By signing this, Borrower agrees to all of the above. --J v!k fc{. 1ct-v{{J-G..,'~ Elke ~1. Panowicz J (Borrower) TMC-029 (qc) (Page 2) Rev 2/84 (CAP 5)