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.~.--.- ~ 3 ~- RIDi:It TO REMEG4TIABLE RATE t+DRTC~1f:E In comtection with >i~e Renegotiable Rate hbrtgage executed'by the undersigned 8orrrower and of even date herewith, Borrower and Lender hereby agree to the following additional provisions: Transfer of Property; Assumption. Lender shall waive its option trs accelerate under paragraph 17 hereof if (1) prior to such sale or transfer Borrower ~rotifies lender of the. proposea transactian and sees that Lender is given any infbrmatiar it may request ih or~r to evaluate the person. to whom the property is being sold or transferred, (2) Lender determines, in its sole discretion,' that assu~tian of the loan by tie proposed purchaser or transferee will meet standards of creditworthiness and security which are acceptable to it, which standards shall, insofar as may be practical, be the same underwriting standards as are then applied by Lender in connection with making aa~new loan, (3) the persan to whom the property is to be sold or trsfer~l e~b~~s a ±±ritten assumption agreement acsep~ in wri#ing iig. L~ and a~~~ ~ pay Ler~r"s al n:~ritional loan assutio~t fee, and.... (4} no otl~r defaults exist under the Mo-~tgage or tlse~~votgr' secured-hereby. ..~ `~} _ wamxs , . Kott: -"~ ~,oara z;otii GO!l~RCIAL FEDE3tAL SAYINGS & LOAN - ~,.,•~ , ,m„~~`~._:_,k;~ ,s'~ e ~. Reed / ~~' BY: --~' _._._. _ ~. r.~ .`reac ious ,.. R~eci. DATE: /~ /3 - ~Q DATE: /C~' i3-~o ~-iD3A