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rat 3 <br />r <br />7 lt#» <br />--1°"` „""7•'1 .. L"'�" w ^f <br />a s <br />FHA MORTGAGE RIDER r89" 10 12.€ 4 7 <br />(Assumption Rider) <br />(The term "mortgage" shall be deemed to include "Deed of Trust," as applicable.) <br />This Rider, dated the 26th da). of April 1$9 <br />1. amends the Deed of Trust of even date by and between <br />GERRY L HANSON AND DENISE R HANSON <br />CUFI1�ii�i� j the Borrower(s), and <br />, the Trustee, and <br />COLUMBUS <br />_ the Lrrx cr, <br />as follows: <br />,Cne -Time .Mortgage Insurance Premium <br />I. Subsection (a) of Paragraph 2 is deleted. <br />2. Subsection (c) (1) of Paragraph 2 is deleted. <br />3. In the third sentence of Paragraph 3, the words "all payrnems roade under the <br />provision of (a) of Paragraph 2 hereof which the Lender has not become <br />obligated to pay to the Secretary of Housing and Urban Development and" <br />are deleted. <br />4. The fourth sentence of Paragraph 3 is amended by insertion of a period after <br />". . . then remaining unpaid under said Note" and deletion of the remainder <br />of the sentence. <br />5. Paragraph 12 is amended by the addition of the following: <br />"This option may not be exercised when the ineligibility <br />for inmirance under the National Housing Act is due to <br />the Lender's failure to remit the mortgage insurance <br />premium to the Department of Housing; and Urban <br />Development." <br />Assumption Clause <br />llu Mortgagee (Trustee) shall, with the prior approval of the Federal Housing <br />Commissioner, or his designee, declare all sums secured by this Mortgage (Deed of <br />Trust) to be immediately due and payable if all or a part of the property is sold or <br />otherwise transferred (other than by c;evise, descent or operation of law) by the <br />Mortgagor (Trustor), pursuant to a contract of sale executed not later than 12 <br />inenths att.er the date of execution of this mortgage or not later than <br />months after the date of prior transfer of the property subject to this Mortgage Deed <br />of Trust), to a purchaser whose 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 <br />year first aforesaid. <br />BorroweiGERRY L RANSON <br />+ LiorrowefDENISE R HANSON <br />State of Nebraska <br />County of HALL ) 6 ► <br />26th <br />The foregoing trument w o h,,f f <br />April , t � by <br />I� r. .AIID �Nfff f� ii�1PS0di <br />H�3SBl4N8 AND iaFS <br />Witness my hand and notarial seal at <br />in said county, the date aforesaid. <br />My commission expires: <br />6fR K NUTARr•Sbte of A: uka <br />ROBERTA L REED <br />IfY Cam o fie ldlr tiI90 <br />GRAND ISLAND <br />oy�&fo, i1. <br />W rfYTPLtbI &ED <br />day of 1 <br />III <br />