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80005270
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Last modified
1/13/2010 11:11:20 PM
Creation date
1/13/2010 11:10:42 PM
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DEEDS
Inst Number
80005270
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<br /> <br />RIDER TO <br />RENEGOTIABLE RATE MIIRTGAGE <br />Ie conmection 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 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 determ?nes, in its sole discretion, <br />that assumption of the loan by the proposed purchaser or transferee <br />will acct standards of creditworthiness and security which are acceptable <br />to it, which standards snail, insofar as may be practical, be the same <br />under++riting standards as are then applied by Lender in connection with <br />nmking a new loan, (3) the person to whom the property is to be sold or <br />transfernd executes a written assumption agreement accepted in writing <br />by Lend€r and agrees to pay Lender's noormal conventional loan assumption <br />fee, and. (A) no other defaults exist under the Mortgage or the Note <br />secured hereby. <br />COMMERCIAL FEDERAL SAVINGS ~ LDAN ~"~ ~ "~ ~`~L_i ~•_ <br />Brent L. Stehlik <br />1 Sanice +.'. Stei:iik <br />. DATE : '~- L 3 '" ~ d DATf : ~'?~ ` g ~ <br />ra-2o3A <br />';, i <br />~. <br />
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