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r E. TRANSFER OF PROPERTY; ASSUMPTION The following Paragraph 24 is hereby adopted: ',- ;4.......! 003327 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 whom the Property is being sold or transferred, (2) Lender determines, in its sole discretion, that assumption of the loan by the proposed purchaser or transferree will meet standards of creditworthiness and security which are acceptable to it, which standards shall, insofar as may be practical, be the same underwriting standards as are then applied by Lender in connection with making a new loan, (3) the person to whom the Property is to be sold or transferred executes a writ ten assumption agreement accepted in writing by Lender, agrees to pay an assumption fee which shall be equal to the origination, discount and other fees, charges and processing costs .thenbeing charged by Lender on similar new loans, and agrees to an increase in any applicable maximum interest rates as provided below, and (4) no other defaults 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 inte.rest rate and payment under Paragraphiof the Note. Upon an election of Borrower to convert to a fixed. rate.,and payment, the provisions of this Paragraph 24 shall terminate and shall hilveno force and effect on any sale or transfer consummated thereafter. Themaximum interest rate provided in Paragraph 4(b) of the Note shall beincr.eased byl percent. consecutively. for each assumption pursuant to this Paragraph 24. Any such increase will be ffective on the first Change Date fcillowing Lender's offer to approve t,. assumption if such transsction is thereafter consummated. / . .->"'.~.-- ...~~ -- ~' ".."" /~?? ~., ./ ,,~</>~' By signing this, Borrololer agrees to all of the above. ! I 1.;!~; L TMC-029 (qc) (Page 2) Rev 2/84 (CAP S)