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FHA MORTGAGE RIDER 89-_ 102577 <br />(Assumption Rider) <br />(The term "mortgage" shall be deemed to include "Deed of Trust," as applicable.) <br />This Rider, dated the 19th day of May 1989 <br />arnendf, the Deed of Trust of even date by and between <br />JOHN A TIGNOR AND SUSAN E TIGNOR the Borrower(s), and <br />CULUMBUS .LERAL SAVINGS BANK , the Trustee, and <br />CM,-Uff 9 FEDERAL SAVINGS BANK the Lender, <br />as follows: <br />One -Time Mortgage Insurance Prernium <br />1. 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 payments made 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 aria" <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 lollowing: <br />"This option may not be exercised w4ien the ineligibility <br />for insurance 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 />The Mortgagee (Trustee) shall, with the prior approval of the federal llousinR <br />Commissioner, or his designee, declare' all sums secured by this fVlortgage (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 devise, descent or operation of law) by the <br />Mortgagor (Trustor), pursuant to a contract of sale executed riot later than <br />rnenths after the date of execution of this mortgage or riot later than _ <br />months after the date of prior transfer of the property subJect to this Mortgage Decd <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 />/4, ! <br />• :rower <br />/ JOHTICNOR <br />�l <br />Borrower <br />SUSAN E TIGNOR <br />State of Nebraska ) <br />County ofHALL ) <br />The foregoing instrument was acknowledged before me this 19th day of <br />May , 1%9 , byotlN A TIGNOR Atj SIiSANE T .yOR <br />HQSB�TNb —A D WEE ' <br />w <br />1 <br />Witness my hand and notarial seal at GRAND ISLAND � <br />in said county, the date aforesaid. <br />My commission expires: <br />GEIEIUL Io1ARY•Stitt of N!�ruka <br />ROBERTA 1.. REED <br />°-�- <br />my Cesar 4 1;rfy X in <br />�) <br />Notary Public <br />RUBERTA L REED r <br />