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4i: r 89--m.100477 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 11989 , 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 Hortgage Corporation (the "Mortgagee") and coredrig the property described in the Instrument and located ac: 291.6 W.. N©rths Front, Grand Island, NE 68803, (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 transferred (other than by devise, descent or operation of law) by the mort. gagor, pursuant to a contract of sale executed not later than ®12 Cl 24 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 Policy Rider. (Seal) (Seal) al=es L. Hruby Mortgagor Rhonda S. Hruby Mortgagor (Seal) (Seal) Mortgagor Mortgagor (Sign Original Only) NOTE: if the property is not the principal or secondary residence of the AAlortgagor, 24 months will be checked instead of 12 months. (Space below this line for acknowledgement) •ti 521 .8811( FHA Assumption Policy Rider — Multistate VMP MORTGAGE FORMS • (313)293.8100 • (8001521.7291 11188 i�