Laserfiche WebLink
� <br /> ��F <br /> � � <br /> FHA htORTGAGE R1DER �Q""—°�O O�V� <br /> � (Assumption Rider) <br /> (The term "mortgage" shall be dacmed to include "Deed of T�ust," as appltcable) <br /> This Rider, dated the 19th day oi January 19 90 � amends <br /> the Deed of Tr ust of even date y a�d etween . <br /> MICNAEL E SMITH ANO PENNY J SMITH � the Borrower(s), and <br /> r.n i�nic_GGDERAL SAVtNGS BANK • , the 'IYustee,a�d <br /> --� - - � the Ldxler, <br /> as ollows: <br /> One-Time MortAage I�surance Premium <br /> 1. Subsection (a) �f Paragraph 2 is deleted. <br /> � 2. Subsection (c) (1) of Paragraph 2 is deleted. <br /> 3. In the third sentence of Pa�ag�aph 3, the words "all payments made under the <br /> � provisian of (a) of Parag�aph 2 he�eof which the Lender has �ot become obligated <br /> � to pay to the Secretary of Housing and Urban Oevelvpment and" are deleted. <br /> 4. The iourth sentence of Paragraph 3 is amended by insertion oi a pe�iod after ". . <br /> . . then remaining unpaid under said Note" and deletion oi the remaindar of tha � � <br /> se�tence. <br /> S. Paragraph 12 is amended by the addition of the foltowings . ' <br /> "This ontion mav not he exercised when the ineliQibilitv �. --� <br /> - ---�-----. � .`�- <br /> for insurance under the Nationai Housing Act is due to <br /> � the Lender's failure to remit the mortgage insurance � <br /> premium to the Oepartment of Housi�g �nd Urban �,;�.=. <br /> ; Development." _. <br /> i <br /> . •1: <br /> � <br /> Tra�sfer of Prope�ty Clause <br /> � The mortgagee shall� if permitted by applieable !aw and with the prior approval oi the <br /> Federal Housing Commissioner, or his or her designee� declare all sums secured by this ••�= <br /> mortgage to be immediately due and payable ii all or part oi the property is sold or otherwise ��� <br /> transierred (other than by devise or descent) to a purchaser or grantee who does not occupy the _ � <br /> property as his or her principal or secondary residence, or to a purChaser or grantee who does . <br /> so occupy the property but whose credit has not been approved in aCCOrdanCe with tha _ -. <br /> . requirements oi the Commissioner. ,d <br /> IN W1TNE55 WHEREOF, the borrower(s) has set his hand and sea! the day and year first <br /> � aforesaid. <br /> < ]� <br /> gorr e <br /> . .� <br /> - � a <br /> � ;-_-_—=. <br /> � Borrowtr P SMITH � <br /> � State oi Nebraska ) ; <br /> 1" 6 <br /> �� County of HAL� � <br /> � The foregoing instrument was acknowledged beiore me this 19th day oi � <br /> L January � �g 90 � by MICHAEL E SM1TH AND PE <br /> HUSB D A � � <br /> r ti <br /> Witr►ess rny h�nd and notarial seal at Gf2A�JU ISL A�J(3 ` �'y� <br /> - �n said county, the date aforesaid. � � FX <br /> �� , � � .. <br /> — <br />