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8Q-- U0~04~ <br />RIDER T6 <br />RENEt~DTIABLE 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 information it mey <br />request in order t0 evaluate the person to whom the property is being <br />sold or transferred, (2) Lender determines, in its sole discretion, <br />that assu~tion of tfie loan by the proposed purchaser or transferee <br />will met standards of creditworthiness and security which are acceptable <br />to it, which standards shall, insofar as may be practical, be the same <br />unden-ritinq 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 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 Lhe Note <br />secured hereby. <br />CE)!l~ERGIAL ffDERAt SAYIN65 & LOAN <br />$~: /mot; ~t ,( / <br />oaT~: ~'- ~ --- 's' ~ <br />fiiark A. Nightser <br />_~, , ~ <br />l <br />:d y Ann 2;i~~tser <br />DATE: ~ ~=-- <br />M-243A <br /> <br /> <br />u <br /> <br />