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<br />"~-= U{i ~a72 <br />RI~tt TO <br />RENEt~f1TIRi8f.E RASE t4'7R'fGi16E <br />In ~rnng:.tion witfi ttra Renegotiable Rate hbrtgage executed by the <br />urukrsigned Harrower and of even date herewith, Horrrnrer and Leader <br />hereby agree tys tfie following additional provisions: <br />Transfer of Property; Asstaaption. Lender shall waive <br />Its option &r accelerate under paragraph 17 hereof if (1) prior try <br />such sale or transfer Harrower notifies Lender of the proposed <br />transaction and sees that Lender is given any irttorerntion it nwy <br />request in order bo evaluate tare person to why the property is being <br />sold or transferred, (2) Candler determines, in its sole discretion, <br />that assumption of the loan by the proposed purchaser or transferee <br />will araet standards of cred#twertfiirtess and security rdnich are acceptable <br />t4 it, which standards shall, insofar as may be praetieal, be the sane <br />ra~r+tr#t#atg staerdsrds as are then apps fed by Lan+dier in connection with <br />nrtktng a new loan. (3) the person to whore the property is to be sold or <br />trerrsi3erred executes a written assumption agrae~ent accepted in writing <br />try 4~trider and agr~eus to pay Lender's rronmal conventional loan assurAptirarr <br />i'~e, artd (~) n#r ~rther default exist under the i9artgage air the note <br />ur~esi heratry= <br />~RCIAL fEI~RAt SAYIItG.S LOI~t <br />HY: <br />D~T>s: rd .~~~ <br />~• <br />f-r 1 ~ <br />Lax C. ~38ASier <br />Lai UZ'd `t~.. Did[tiaBL' <br />DATE : mil! r~ ~t <br />~~~~ <br /> <br /> <br />