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<br />RIDER TO <br />RENEGOTIABLE RAT€ 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 />Transfier 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, in its sole discretion, <br />that assumption of the loan 6y 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 6e 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 />_~_ 'G - 's'r'i <br />Donna i.. :;anisch <br />COMMERCIAL FEDERAL SAYINGS & LOAN :~'``i`i -. c> _ ~~ <-~ ,-~~' ~'' '"`~--~.._ <br />7 _ 11Y'ad~A~oT.'. ~ _ <br />--"~ - Free t^.. Janis ell <br />GATE: o~~,~ DATE: `~I"l"" <br />M-2O3A <br /> <br />