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1 <br />85090 -1 -z0 <br />MORTGAGE OR DEED OF TRUST RIDER <br />to FHA Insured Loan <br />This Rider, dated the 1_� h day of March 19 89 , amends the <br />Deed of Trust of even date by and between <br />Timothy E. Olson and Kristine J. Olson, husband and wife, <br />the borrower(s), <br />and com ERCIAL FEDERAL SAVINGS AND LOAN ASSOCIATION, the Trustee, and FIRST FEDERAL <br />SAVINGS AND LOAN ASSOCIATION OF LINCOLN, the Lender, as follows: <br />Lot Ten (10), in Gilbert's Subdivision of Block One (1), of Gilbert's <br />Second Addition to the City of Grand Island, Hall County, Nebraska <br />ASSUMPTION CLAUSE <br />The mortgagee shall, with the prior approval of the Fedeizl•Aousing Commissioner, <br />or his designee, declare all sums secured by this mortgage to be.inmediately due and <br />payable if all or a part of the property is sold or otherwise transferred (other than <br />by devise, descent or operatiem i3t,law) by the mortgagor, pursuEmt to a contract of <br />sales executed not later ti= r2j=nths after the date of whidi the mortgage is <br />executed to a purchaser whvaa_ credit has not been approved in accordance with the <br />requirements of the Commissioner. <br />IN WITNESS WHEREOF, the borrower(s) has set his hand and seal the day and year <br />first aforesaid. <br />Borrower <br />Timothy E. Olson <br />Borrower <br />Kristine Olson'. <br />State of Nebraska ) <br />County of <br />Hall. ) so. <br />The foregoing instrument was acknowledged before me this 17th dal of <br />19 89 by <br />Timothy E. Olson and Kristine J. Olson, husi%and and wife, <br />Witness my hands and notarial seal at Grand Island, Nebraska in said <br />- county, the date aforesaid. <br />A <br />� �tui25* <br />My commission expires: S. BAS ES . Notaiy Public - - -, - <br />��'{xf -.•-� • � <br />L <br />V <br />