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81-~1t-12~1 <br />~ Ta <br />i60TY~.~ RATS F9~TO~TE <br />54592-T <br /> <br />(~~; „~'~- i ~- 5~~~- ATE; March 13, 15$I <br />M-203A~' <br />~ ~ . <br />ib~Yld. FEr~Ei€i~i. S~Vi~ b LOAIi ~'~ <br />Gerald L. Re ra <br />F; ~ ~ / i <br />f I ~` -e's' •~ -~ <br />"~ ~ Janice R. R maze <br />~. <br />In Eor~ection with the Renegotiable Rate t~rtgage executed: by the <br />understgruni Borrower and of even date herewith, Borrower and Lender <br />hereby agree to the following-additional provisions: <br />if all the property is sold <br />23. Transfer of Rroperty; Asst~-tion. Lender shall waive <br />its option bo accelerate under paragraph 17 hereof if (1) prior to <br />such sale or transfer Borrower notifies Lender of the proposed <br />transaction and sees that Lender is given any information it nay <br />request in order to e~iuate the person to w0~e- the property is being <br />old or tr~rasfe:~red, (2~ Lender ds~re~ines, in its sole discretion, <br />that assua~ption of the loan by flee proposed purchaser or transferee <br />will attiet standards of creditworthiness and security which are acceptable <br />to it, which standards shall, insofar as asy be practical, be the save <br />underwriting standard as are then applied by Lender in connection with <br />•~ing a ~ lo~sn, (3) the person to whow the property is to be sold or <br />transferred executes a written assuaption agreeaenL accepted in writing <br />by Lender and agrees m p$y Lender`s ru-raral ronventional loan assu~option <br />fee, arui (4} no other defaults exist under the t9prtgage or the i~te <br />secured hereby. <br /> <br /> <br />