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8Q-- Ot;5045 <br />RIDER TO <br />RENEGOTIABLE RATE MORTGAGE <br />In connection with Lhe Renegotiable Rate Mortgage executed by the <br />undersigned Borvbwer 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 aption 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 assu~ptian of the loan by the proposed purchaser or transferee <br />will meet standards of creditwortfiiness and securii~y which are acceptable <br />Lo it, which standards shall, insafar as may be practical, be the same <br />underxriLing standards as-art then applied by lender in connection with <br />making a new loan, {3} the person to whom the property is 4~ be sold or <br />transferred executes a written assumption agreement accepted in writing <br />by Lender and a~ees to pay Lender's normal conventional loan assumption <br />fee, and (4} ro other defaults exist under the Mortgage or the Note <br />secured hereby. <br />t~lrlEitClAl FEDERAL SAYINGS a LOAN ` - - <br />i~rothy :;. :sra~'en <br />$Y: tci~c. ~.~ <br />Oi1TE: ~= a' ~ ~- ~ {) BATE: _ <br />Mi-2{J3A <br /> <br />V' <br />4 <br /> <br />