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r <br />${~---~046~7 <br />RIDER TO <br />RENEC~ATTABLE-RATE MORTGAGE <br />In cronrrection with the Renegotiable Rate Mortgage executed:by the <br />undersigned Borrower and of even date herewith, Borrower and Lender <br />hereby agree to tfie following additional provisions: <br />` Transfer of Property; Assumption. Lender shall waive <br />its option to accelerate under paragraph i7 hereof if {1) prior to <br />such sale or transfer Borrower notifies Lender of the proposed <br />transaction and sees. that Lender is given aay 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 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 />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 Mortgage or the Note <br />secured hereby. <br />COMMERCIAL FEDERAL SAVINGS &,10AN ~~ <br />/`' Russe 1 F. Burton <br />Janette ~Lp Burton <br />DATE: ~ y~8' ~C DATE: ~ vSa -~D <br />M-203A ( ' <br />t__t <br /> <br />