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<br /> <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 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 fnformatipn it may <br />request in order to evaluate the person to whom the property is being <br />sold ar 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, r~ieh standards shalt, insofar as may be practical, be the same <br />underr+riting 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 aeeepted in writing <br />6y Lender and agrees to pay lender's normal conventional loan assumption <br />fee, and (4} no other defaults exist under the Mor~gage or the Note <br />secured hereby. <br />.,; <br />COMMERCIAL FEDERAL IN b LOAN K ~ ,~ ~ ,t~ ,~' _.: ~.~~ ~ ~~ . <br />Gerald E. Gard <br />BY:f <br />Batty J, Gard <br />OATS: ,~_~,„~ GATE: ,~~ (, ~' ~ +~ _ -f. <br />M-2O'" <br /> <br />