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8~--6~c~~ss~r <br />RIDER TO <br />RENEGOTIABLE RATE MORTGAGE <br />In connection with the Renegotiable Rate Mortgage executed by the <br />urtdersi~ned $orrower 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 oar to evaluate the person to whom tfie property is bet»g <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 6e 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 :.ender's normal conventional lean assumption <br />fee, and {4) no other defaults exist under the MortYage or the Note <br />secured hereby. <br />COMMERCIAL FEDERAL SAVINGS & LOAN <br />BV: ,~ ~. <br />~, <br />...ciaa< ~.. .:.:y;l.anc <br />S <br />r:at-;ee~:: L. ':n~;lanci <br />DATE: !''-~' .5 ~` ~ ` ` DATE: <br /> <br /> <br />M-203Af ' <br />l__I <br /> <br />