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$°-- X04739 <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 optian 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 nr transferred, (2} Lender determines, in its sole discretion, <br />that assumption of the lean 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 wham 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 & LOAN <br />A i <br />~:' f '~ ~ j <br />SY: U._M - 5~ _~~ <br />DATE: ;~ - <br />"~~~ ~ !~ <br />Duane jjW, Kendall <br />Kelly K. '~',endall <br />DATE: ~ _. ~ ,i <br />M-2O3A <br />U <br /> <br />