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1 <br />~{) c~ 834 RIOHI 10 <br />RENE[;KiTIABLE RATE ADR7&i16E <br />Tn comtection with.the Rer~gotiabie Rate Ibrtgage executed by the <br />tmdersigrred borrower and of even date herdith, Borrower and Lender <br />hereby agree to ttne 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 iwtifies Lender of the proposed <br />transaction and sees that Le+Mer is given any information it may <br />request in order to evaluate the person to whom the property is being <br />sold or transferred, {Z) lender determines, in its sale discretion, <br />that assumption of the loan by the proposed purchaser or transferee <br />will peat ~n~rdS of creditworthiness and security which are acceptable <br />to ii:, which standards-shall, insofar as nay be practical, be Lhe same <br />~awle~r^"ttipg standards, as are then applied by Lender in connection with <br />aaking a rarw loan, {3) the person to wham the property is to be sold or <br />trartsi~rT'e'ti1 ezecntea a written assumption agseepiertt accepted in writing <br />by Lender and agrees to pay Lert~r's normal conventional loan assumption <br />fea, acid (4) na other defaults exist ur~r the tbrtgage or the -bte <br />secured hereby. <br />.~ <br />COIMIEpCdAt, FEDERAL SAVINfiS b LOAN ~,,,,.~'t{_;~~ ff;. v <br />' °ireo Yhy i+ee t~ikhe.l <br />s 4 <br />~,_ ~' ~, elyn Jean ::;.i~kel <br />O0.TE : ~` 1 S W ~~ OAtE : ~ . ~ C' <br />M-201 <br />u <br /> <br /> <br />