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<br />80 ~Q5232 <br />RIDER TO <br />RENEGDTFABLE RATE MORTGAGE <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 />x 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 tfiat 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 discretion, <br />that assumption of the loan by the proposed purchaser or transferee <br />viii meet standards of creditworthiness and security which are acceptable <br />to it, which standards shall, insofar as nay 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 Lender's normal conventional loan assumption <br />fee, and {4) no other deiav)ts exist under Lfie,,J~grtgage or thte <br />secured hereby. '~ ~~"`-° ~"~~~~" <br />- ' Norman Pi. Suck <br />1, ~; _!X ~ . ~.t~ <br />Y=:;i--- <br />i- etty uc <br />cz>Mt~RCIU FEDERAL sav iNGS a Lonn - ~"' ~ ~ ~" " .r <br />Thomas .T. +~olton <br />Kris*_SeDolton <br />DATE: ~ DATE: ` ~~ <br />M-203A <br />u <br />~ _...~ <br /> <br />