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~3a-° #x(35104 <br />RISER TO <br />RENEGOTIABLE RATE MORTGAGE <br />In cortnettion with the Renegotiable Rate Mortgage executed by the <br />undersigned 8orrvwer and of even date herewith, Borrower and Lender <br />heretic 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 sate 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 discretion, <br />that assuaption 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 mny be practical, tre the same <br />underxriting standards as are then applied by lender in connection with <br />nakirrg a new loan, {3) the person to whole the property is Lo be sold or <br />transferred executes a written assumption agreeeient accepted in writing <br />by Leader and agrees to pay Lender's normal conventional 'oan assumption <br />fee, and {4} no other defaults exist under the Mortgage or the trote <br />secured hereby. <br />1ZCIAL fEDERIII. $AYIPIGS b LOAq <br />DVITE - ~~/„~-~~ <br />Stever R, lady <br />_ z <br />~:az~;aret gin:; uaay <br />DATE: ., <br />M-Zi33A <br /> <br />~. <br /> <br /> <br />