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r i .00425 TINA ASSUMPTION POLICY RIDER NOTICE: THIS RIPER 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 25th day of January incorporated Into and shall be deemed to amend and supplement the Mortgage, Y i D and is Debt (the "Instrument ") of the same date given by the undersigned (the " Mort Deed of Trust, a Deed rt Secure Note (the "Note ") of the same date to gagor ) to secure the Mortgagor s Central Mortgage Corporation (the "Mortgagee ") and covering the property described in the Instrument and located at: Rt. 1, Box 245, Grand Islands NE 65801 (Property Address) AMENDED COVENANT, In addition to the covenants and agreements 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 traneerred (other than by devise, descent or operation of law) by the mort- gagor,, pursuant to a contras of sale executed not later than ®12 MZ4 months after the date on which the mortgage Is endorsed for insurance, to a purchaser whose credit has not been approved in accordance with the requirements of the Commissioner. IN WITNESS %'H1zREOF, the Mortgagor has executed this Assumption Policy Rider ",avin B. Darling V Mortgagor (Seal) Mortgagor Marjorife S. Darling (s ortgagor (Seal) Mortgagor (Sign Original only) NOTE: If thr property is not the priacipao or secondary residence of the Mortgagor, 24 months will be checked instead of 12 months. (Space below this Une for acknowledgements 4 S21 teeo2t FHA Assumption Policy Rider — Multistate VMP MORTGAGE FORMS • 2/88 13731293 -8700 • 1800152t•7297 1 I t� -J--