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~o= -~;u~.~~o <br />P.I DER TO <br />RENEt~TiABLE RATE MORTGAGE <br />fn 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 ~f the proposed <br />transaction and sees that Lender is given any information ii 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 assuogJtion of the loan by the proposed purchaser or transferee <br />will Beet standards of creditworthiness and security which are acceptable <br />to it, which standards shall, inst,far as may be practical, be the same <br />undernriting 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 />transfemd executes a written assumption agreement accepted in writing <br />by lender and agms to pa4y Lender's normal conventional loan assumption <br />f~, and {4} no other defaults exist under the hbrtgage or the Note <br />secured hereby. <br />CD!lIERCIAL FEDERAL SAViN65 5 LOAN ay: ' / ~ <br />Fre dent <br />;/ ~~ ~ <br />BY_ Attest:ii:.J. _ <br />,/~ Secret y <br />DATE: Q~/7 ~~ DATE: ~ ~ J--'' ~~ <br /> <br />M-203A <br /> <br /> <br /> <br />