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$~)~'~3G4578 <br />RIDER TO <br />RENEGOTIABLE RATE MORTGAGE <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 additional provisions: - <br />Transfer of Property; Assumption. Lender shall waive `•~~' <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 information 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 sale discretion, <br />that assumption of the loan by the proposed purchaser or transferee <br />will meet standards of creditworthiness and security which are acceptab~e <br />to it, which standards shall, insofar as may 6e practical, be the same <br />underwriting 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 assumption 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 Nbrtgage or the Note <br />secured hereby. <br />COMMERCIAL FEDERAL SAVINGS & LOAN <br />BY: <br />DATE : ~ ,~ S-- ~'" r~ <br />Stanle N. Linnertz _. <br />fi- - ;, ~- <br />Nancy K. Gertz <br />M-203A <br /> <br /> <br />