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$fl- (~Q5a41 <br />RIDER TO <br />RENEGOTIABLE RATE MORTGAGE <br />In conrtectinrr with the Renegotiable Rate Mortgage executed by the <br />undersigned Borrower and of even date herewith, Borrower and lender <br />hereby agree to the following additional provisions: <br />Transfer of Property; Assumption. Lender shall waive <br />its option to accelerate under paragraph 17 hereof if (1) prior to <br />such sale or transfer Borrower notifies Lender of the proposed <br />transaction and sees that Lender is given any information it may <br />request in order to evaluate the person to whom the property is being <br />sold or transferred, (Z) Lender determines, in its sole discretian, <br />Lhat assumption of the loan by the proposed purchaser or transferee <br />will meet standards of creditworthiness and security which are acceptable <br />to it, which standards shall, insofar as may be practical, be the same <br />underwriting standards as are then applied by Lender in connection with <br />m.#cing a new loan, (3) the person to whom the property is to be sold or <br />transferred executes a written assumption agreement accepted in writing <br />by Lender and agrees to pay Lender's normal conventional loan assumption <br />fee, and (4) no other defaults exist under the hbrtgage or the Note <br />secured hereby. <br />CQIIERCIAL FEDERAL SAYIN65 S LOAN <br />~- , ~ ~~ ` <br />$ `R,~-` <br />DATE: ~ - I z -=s' ~ <br /> <br />Linda ~. ~ctiey ..r.,....~.~-t.:~.- <br />!~ ~ ~ ~ ~ (~ <br />Hilly ;'-. Laughlin <br />~'_!~_ ~U <br />DATE: <br /> <br />M-2©3A <br /> <br />