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$ Qfl4248 <br />Rl~it 7'0 <br />RENEGOTIABLE RATE MDRT&AGE <br />In connection with the Renegotiable Rate Mortgage executed by-the <br />undersigned Borrower and of even date herewith, Borrower and Lender: <br />hereby agree to the following additlonal provisions: <br />Zf all the properly is sold- <br />2a. Transfer of Property; Assumption.) Lender shall warve <br />its option to accelerate under paragraph 17 hereof if (1}-prior to <br />such sale or transfer Borrower notifies Lender of the proposed <br />transaction and sees that Lender is given any inforRZtion it may <br />request in order to evaluate the person to whom the property is being <br />sold or transferred, (2) Lender determines, in its sole discretion, <br />that assumption of the loan by the proposed purchaser or transferee <br />will meet standards of creditworthiness and security which are acceptable <br />to it, which standards shall, insofar as may be practical, be the same <br />underr+riting standards as are then applied by lender in connection with <br />making a new loan, (3) the person to whom the property is to be sold or <br />transferred executes a written assume#ion agreement accepted in writing <br />by Lender and agrees to pay Lender's normal conventional loan assumption <br />fee, and (4) no other defaults exist under the Mortgage or the Note <br />secured hereby. <br />CO(~9ERCIAL FEDERAL SAYINGS & LOAN <br /> <br />DATE: ~_~,5~'!J <br />~~~ <br />Scott C. Lane <br />Cindra X, Lane <br />DATE: ~~ ,~'"~ `; <br />M-203A <br />u <br /> <br /> <br />