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89102579
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Last modified
10/20/2011 1:02:21 AM
Creation date
10/20/2005 9:34:09 PM
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DEEDS
Inst Number
89102579
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89.0- 102579 <br />FHA MORTGAGE RIDER <br />(Assumption Rider) <br />(The term "mortgage" shall be deemed to include "Deed of Trust," as applicable.) <br />This Rider, dated the day of �, 1989 <br />arnends the Deed of Trust of even a c by and between ,, <br />RfMRT W IIJOB S ANn_Pr.NELORE M TW". AS , the Borrower(s), and <br />COI 1 IMRI IS EEDERAI SG J i WS CLANK , the Trustee, and <br />CfV I VPd IS FFDFRAI SAII N(_ ;S gAW , the Lender, <br />as follows: <br />One -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 thine► sentence of Paragraph 3, the words "all payments made under the <br />provision of (a) of Paragraph 2 hereof which the Lender has not becom: <br />obligated to pay to the Secretary of Housing and Urban Development and" <br />are delete i. <br />4. The fourth scntr:r,ce of Paragraph 3 is amended by insertion of a period altar <br />". . . then remaining unpaid under said Note" and deletion of the remainder <br />of the ser -once. <br />5. Paragraph 12 is amended by the addition of the following: <br />"Thr, option may not be exercised wlrcn the ineligibility <br />for insurance under the National Housing Act is due to <br />the Lender's failure to remit the mortgage insurance <br />prer:rrurn to the Department of Housing and Urban <br />Development." <br />Assumption Clause <br />The llortg.y; (Trustee) Shall, with the prior approval of the Federal Housing <br />Commissioner, or h: designee, declare all sums secured by this Mortgage (Decd of <br />Trust) to be imrncd .tely due and payable if all or a part of the property is sold or <br />otherwise transferrc (other than by devise, descent or operation of law) by the <br />Mortgagor (Trustor), :rsuant to a contr: rt of sale executed riot later than 12 <br />months after the dal of execution of this mortgage or not later than 12 <br />months after the der of prior transfer of the property subject to this Mortgage (Deed <br />of Trust), to a pure user whose credit has not been approved in accordance with the <br />requirements of the , minissioner. <br />IN WITNESS `,VJ IEREOF, the borrower(s) has set his hand and seal the day and <br />year first aforesaid. <br />low ettgl <br />borrower ROBERT W THOMAS <br />`9 -- r a RC�2`Y71 _ <br />Borrower PENELOPE M THOMAS <br />State of Nebraska ) <br />4 <br />County of HALL ) <br />The foregou instrurnent was acknowledged before me this 19th day of <br />may , :9 89 by ROBERT W THOMAS AND PENELOPE M THOMAS <br />Witness my hind and notarial seal at <br />in Said county, the d..;;c aforesaid. <br />My corninissi;rti exhir <br />E &fAAt VARY•Sglt of kdrt�iu <br />F ROBERTA t,•, gEED <br />w erz� <br />GRAND ISLAND <br />CCr D <br />Not ry Public <br />ROBERTA L REED <br />
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