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80-- [304649 <br />RItiER TD <br />RENEfOTIABLE RATE MORTGAGE <br />fn 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 uttder paragraph I7 hereof if (?) prier to <br />such sale or transfer Borrower notifies Lender of the proposed. <br />transaction and seas that Lender is given any information it may <br />request in order to evaluate the person to wham the property is being <br />sal'd or transferred, (2) Lender determines, in its sole discretion, <br />that asswnption 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) tfie person to whom the property is to he sold ar <br />transferred executes a written assumption agreement accepted in writing <br />by Lender and agrees Lo 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 /> <br />i ~~~ <br />~ ~• . <br />COMMERCIAL FEDERAL SAVINGS & LOAN ~~ ~~; ~„ ~~~:.~~~~~~~-? <br />~~~r <br />R~ymond H. Rollins <br />4 <br />BX: ~ k, J . _ _ r: ~~~.-, <br />'~/-~-'/ Deanna K. Hollins <br />DATE: ~ _,._~7.._ ~ ~ DATE: ~~ - ~:? > ~ b' <br />v- <br />M-203A <br /> <br />