Laserfiche WebLink
~~-~ UQ52;3:i <br />RIDER TO <br />RENEGOTIABLE RATE k3RTGAGE <br />In connection with the Renegotiable Rate Mortgage executed 6y the <br />unde.rSigned Borrower and of even date herewith, Borrower and Lender <br />hereb,~ agree to the following additional provisions: <br />Transfer of Property; Assumption. Lender shall waive <br />its option to accelerate under paragraph 17 hereof if {I} 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 discrztiun, <br />that assu~ption of the loan by the proposed purchaser or transferee <br />will neet standards of creditworthiness and security which are acceptable <br />m it, which standards shall, insofar as may be practical, be the same <br />unden+ri-ling standards as are then applied by Lender in cortnectian with <br />naming a new Loan, (3) the person to whom the property is to be sold ar <br />transferred executes a written assumption agreement accepted in wrfting <br />by Lender acrd agrees Le pay Lender's rgrmal conventional loan assumption <br />fee, and {aj no other defaults exist under Mortgage og the Note <br />Stctlf'ed hereby. '' - :dorman ?~. Euck <br />_.-~, .r ,.,' - 'z Bet ~3tie3c <br />COMIETtCIA1 FERAL SAYZN65 & LOAN ~,.. <br />Thomas J. Bolton <br />J <br />py ~~: <br />-~~~..~'s.rtlc _ -~- <br />~sis+.iBoltan <br />I <br />OATS : ~ '~ DATE: ~~~,~ <br />r~-~osA <br /> <br />~...... <br />