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<br />80-- '~~4846 <br />RIDER TO <br />RENEGOTIABLE RATE MORTGAGE <br />In connection with the Renegotiable Rate Mortgage executed by the <br />undersigned Borrower ?nd 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 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 or transferred, (2) Lender determines, fn 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 shalt, insofar as rosy be practical, be the same <br />underwriLin9 standards as are then applied by Lender in connection with <br />rocking 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 rgrmal convenLionel loan assumption <br />fee, and (4) no other defaults exist under the Pbrtgage or the Note <br />secured hereby. <br />LOlMERCIAL FEDE~4L SAYINGS b LOAN <br />BY: ~ `~_ °r' X11, '`.LL~~:.s:~ <br />Nancy N. Showalter <br />rj ~4 <br />T'haLaa M. Showalter <br />DATE: ~ . °a L t S` DATE: <br />M-2O3A <br />l.._ <br /> <br />_._! <br />