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~-°304580 <br />RIDER TO <br />RENEGOTIABLE-RATE MORTGAGE " <br />In connection with the Renegoti.abie Rate Mortgage executed b'y the <br />undersigned Borrower and of even date herewith, Borrower and Lender <br />hereby agree to the following additional provisions: <br />i'ransfer 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 inforniatian 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 whicfi are acceptable <br />to it, which standards shall, insofar as may be 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 Leader's normal conventional loan assumption <br />fee, and (4) no other defaults exist under the Mortgage or the Note <br />secured hereby. <br />COMMERCIAL fEOERAL1SAVINGS & LOAN <br />~. <br />t <br />BY: - 4 <br />GATE: f` " rir~'~'' _":~~ <br />Rick L. Triplett <br />r <br />Jacque K, Triplett <br />r <br />DATE: ~ ~'~ ~~v%~U <br />M-[03A <br /> <br />