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8#~-- <br />U04740 <br />RIDER TO <br />RENEGOTIABLE RATE hgRTGAGE <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 previsions: <br />Transfer of Property; Assumption. Lender shall waive <br />-its option to accelerate under paragraph I7 hereof if {1) prior to <br />such sate 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 wham 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 & LOAN <br />t <br />DATE: ~ -- <br />,~ <br />Bohn T. Miller Jr, <br />-~ <br />Julie A. Miller <br />DATE: 9' -Z ~'~1 <br />M-203A <br /> <br />U <br /> <br />