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r 1 89- .100417 FHA ASSUMPTION POLICY RIDER J NOTICE: THIS RIDER ADDS A PROVISION TO THE INSTRUMENT ALLOWING THE MORTGAGEE TO REQUIRE PAYMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. This Assumption Policy Rider is made this 26th day of January , 1989 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Instrument ") of the same date given by the undersigned (the "Mortgagor ") to secure the Mortgagor's Note (the "Note ") of the same date to Central Mortgage Corporation (the "Mortgagee ") and covering the property described in the Instrument and located at: 1516 W. 3rd, Grand Island, NE 68801 (Property Addross) AMENDED COVENANT. In addition to the covenvats and agreements made in the Instrti;rnent, Mortgagee and Mortgagor further covenant and agree as follows: 'Me Mortgagee shall, with tba prior approval of the Federal Housing Commissioner, or his desighev, declare all sums secured by this mortgage to be immediately due and payable if all or part of the prop- 'erty is sold or otherwisq tmm- ferred (other than by devise, descent or operation of law): Tay the mort- gagor, pursuant to a coat raO of sale exemted not later than 012 [l 24 months after the date on which the mortgage is endorsed for Ensurance, to a purchaser whose c>!edit has not been approved in accordance with the requirements of the Commissioner, WITNESS WHEREOF, the Mortgagor has i 7 /zm , mow, (seal). Dennis L. Michalski Mortgagor (Seal) Mortgagor NOTE: if the property is not the principal or sect adaisy cesidenee of the Mortgagor, 24 months will be checled instead of 12 months. (Space bel6w this line for acknowledgement) mecuted this Assumption Policy Rider. �.rcQ Carol L. Michalski Mortgagor (Seal) Mortgagor (Sign Original Only) 4 di21 4eeo21 FHA Assumption Policy Rider — Multistate VMP MOWGAGE FORMS • 13`1312938100 • (600 )521.7291 2 /88 • � J 7