89100419 - Laserfiche WebLink

Browse

. I 1 89--1 O a 4 1 9 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 27th day of January 11989 , and is incorporated into and shali be deemed to amend and supplement the Mortgage, Deed Trust, of or Deed to Secure Debt (the "Instrument ") of the same date given by the undersigned (the "Mortgagor ") -to secure the Mortgagor's Note "Note ") (the of the same date to i Central Mortgage Corporation (the "Mortgagee ") and covering the property described in the Instrument and located at: 3424 Schroeder Ave., Grand Island, Nebraska (Property Address) AMENDED COVENANT. In addition to the covenants and agrretnents made in the Instrument, Mortgagee and Mortgagor further covenant and agree as follows: The Mortgagee shall, with the prior approval of the Federal Housing Commissioner, or his designee, declare all sums secured by this mortgage to be immediately due and payable if all or part of the prop- erty is sold or otherwise transferred (other than by devise, descent ` �F or operation of law) by the mort- gagor, pursuant to a contract of sale executed not later than 9@12 024 months after the date on which the mortgage is executed, to a purchaser whose credit has not been approved in accordance with the requirements of the Commissioner. ' IN WITNESS WHEREOF, the Mortgagor has executed this Assumption PAU Rid er n ce r . — (Seal) Rte t. ' S eri L. Rice (Seal) Mortgagor - -_ Mortgagor (Seal) (Seal) Mortgagor Mortgagor (sign Original only) NOTE: If the property is not the principal or secondary residence of the Mortgagor. 24 months will be checked instead of 1 months. f {Space below this line. for acknowledgement) t , 521''!asov, FHA Assumption Policy'Rider — Mullistote VMP MORTGA01. FORMS • 13131293 8100 • 18001521.7291 11188 ! —1 tD