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<br />RIDER TO <br />RENEGOTIABLE RATE {~RTGAGE" <br /> <br />In eonnection 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 />Transftr of Property; Assumption. Lender shall waive <br />its option Lo accelerate under paragraph I7 her~f if (1} prior to <br />such sale or transfer Borrower notifies Lender of the proposed <br />transaction and sees that Lender is given any infor+nation 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 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 />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 Ltnder's normal conventional loan assuerAtion <br />fee, and i4) no other defaults exist under the Mortgage or the Note <br />securtd hereby. <br /> <br />1 <br />CIGIiil FEt~RAL SAYINGS b LOAN ~_ `- -__--. <br />Alfred W. Heckler <br />~ t <br />jj fi <br />Just~ith K. Beckley <br />Oi17'E: ~' ~ ~' ~' C QATE: r !: c <br />R <br />r~-z~:~ <br />L <br />L .~J <br /> <br />