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<br />84--OC-~5o9 <br />RIDER TO <br />RENft14TIA&.E RATE MORTfAGE " <br />In connection with the Renegotiable Rate Mortigage 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 fio 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 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 be practical, be the same <br />underwriting standards as are then applied by Lender in connection with <br />making anew 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~tend~r and agrees to pay Lender's normal conventional loan assumption <br />~- fee, and {4) no other defaults-exist under the Mortgage or the Note <br />seeuredliereby. <br />;: <br />CDMhIERCIAt FEDERAL SAVINfS & LOAN X ,L:Ca~~-~~ ~ L~_.<_~.~ <br />llwaine E. Andringa <br />/~/~ <br />`~ Phyllis I. dringa <br />DATE: ~~ ~~' ~O DATE: /olS~- ~'V <br /> <br />M-203A <br /> <br /> <br />