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80'~ aU~~10 <br />RIDER TO <br />RENEGOTIABLE RATE hgRTGRGE <br />In connection with the Renegotiable Rate hbrtgage 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 shalt waive <br />its option to accelerate under paragraph 17 hereof if (i) 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 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 nay 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 he said or <br />transferred executes a written assumption agreement accepted in writing <br />by Ler~r and agrees to pay lender's normal conventional loan assumption <br />fee, and (4) no other defaults exist under the hbrtgage or the Note <br />secured hereby. <br />COFMERCIAL FEDERAL SAYINGS b LOAN <br />~ ~~. <br />GATE: ~ "~~a <br />L F. "`~ °r t <br />Kenneth H, Howe <br />hose Marie tiowa <br />GATE: `~' -°~ ~ _ ,4- ~'? <br />M-203A <br /> <br /> <br /> <br />