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<br />80_. ~ C- ~ 13 3 <br />RIDER TD <br />RENE&DTIABlE RAT£ MDRTfA6E <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 it hereof if (1) prior to <br />such sale or transfer Borrower notifies Lender of the proposed <br />transaction and sees that tender is given any information it may <br />request in order to evaluate the person to whom the property is being <br />sold or transfernd, (2) Lender determines, in its sole discretion, <br />that assumption of the loan by the proposed purchaser or transferee <br />wilt Beet standards of creditworthiness and security which are acceptable <br />to it, which standards shall, insofar as may 6e practical, be the same <br />unden+riting standards as are then applied by Lender in connection with <br />asking anew loan, {3) the persor, 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 the Note <br />secured hereby. <br />~- <br />CfllMERCiAI FEDERAL SAYiNtS & LOAN ~~~~%~, y ~ ~Il*--~-~='~-~ ~~ <br />r9~went <br />~'~` "' Vice President <br />DATE: ~ - (~"- ~ ~ DATE: / -l~'=- $' <br />M-203A <br /> <br />