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r w , 89-10189's FHA MORTGAGE RIDER (Assumption Rider) (The term "mortgage" shall be deemed to include "Deed of Trust," as applicable.) This Rick-r, dated the 13th day of April 199 , amends the Deed of Trust of even date by and between RODERICK L SKARBOS AND CHARLEtE F SKARBOE , the Borrower(s), and COLVIOUS FE1>ERAL SAVINGS BANK , the Trustee, and COLUMBUS FEW%RAL SAVINGS BANK , the Lender, as follows: One -Time Mortgage Insurance Premium 1. Subsection (a) of Pararaph 2 is deleted. 2. Subsection (c) (1) of Paragraph 2 is deleted. 3. In the third sentence of Paragraph 3, the words "all payments made under the provision of (a) of Paragraph - 2 hereof which the Lender has not become obligated to pay to the Secretary of Housing and Urban Development arid" are deleted. 4. Th.e f6urth sentence of Paragraph 3 is amended by insertion of a period--after ". then remaining unpaid udder said (note" and deletion of the reriidinder of 'he sentence. 5. Para aph 12 is amended by the addition :of the following: "This aption may not be exercised when the ineligibility for i.a5urance under the National Housing Act is due to the Lender's failure to remit the mortgage insurance premium to the Department of Housing and Urban Development." Assumption Clause The Mortgagee (Trustee); s.11all, with the price. approval of the, f=ederal Housing Commissioner, or his designee; declare all sums. secured lye, this Mortgagq. (Deed of Trui!a) to be immediately due and payable if aff ad a part o.f the property Le.,, S -1d or otherwise transferred (other than by devise, de-,cent or operation of W4 is'1r the Mortgagor (Trustor), pursuant to a contract of sale pxecuted not later than .. '12'. months the date of execution of this mortgage or not later than 1 months after the date of prior transfer of the property subject to this Mortgage Deed of Trust), to a purchaser whose credit has not been approved in accordance with the requirements of the commissioner-. IN WITNESS WHEREOF, the borrower(s) has set his hand ar=il seal the day and year first aforesaid. llorrowerltC.DERICK L SKARBOE P, l3dr-rowet, HARLENE F SKARBOE State of Nebraska ) 4 County ofiiALL ) The foregoing instrument was acknowledKeid befare me this 13th day of April . 4984 ,bf()DERICK L 91?Auag.An c.HARLEtE'F- S1XKWE HUSBAND AND %T11fis Witness my hand and notarial seal at in said county, the date aforesaid. My ct omission exls►res: ,w�sw..� Gfi 14 1�JiR- .t-Si�St Gl &!7-73 OUBVITA G 01-r-0 GIMAD, ISLAND Not, rc 111ablic — - ftt'iMMA L REED W"t -1 -