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r t 1 FHA MORTGAGE RIMER (Assumption Rider) 89- 102708 F(The term " mortgage" shall be deemed to include "Deed of Trust," as applicable.) This Rider. dated the 26th day of May 18q amends the Deed of Trust of vvrn date by and between - JAMES A SWANSON AND BEVK —WX J SG�ANSON _ _ _ the Borrower(s), and COLUMBUS i .W AL SAVINGS BAN,• — , the Trustee, .0 ►d COLUMBUS FEDERAL SAVINGS BANK the Lender, as follows: erne -Time Mortgage Insurance Premarm I. Subsection (a) of Paragraph .2 is deleted. 2. Subsec.Viln (c) (1) of ParaK,rraO 2 is deleted. 3. In the third sentence of Paragraph 3. the wor.d,r 'Fall payments made under the provision of (a) of Paragraph 2 hereof wt*ch the Lender has not become obligated to pay to the Secretary of Hottsipg and Urban Development an cv' are deleted. 4. The fourth sentence of Paragraph 3 is amerid&-, by insertion of a period after . than remaining unpaid under said Notc"' and deletion of the remainder of the sentence. 5. Paragraph 12 is amended by the addi:t,ipn of the following: 7 "This option may not be exercised when the ineligibility ; , . for insurance tinder the National Housing Act is due to'` the Lender's failure to remit the mortgage insurance prc•nuum to the Department, of I fouling and' Urban Ilevelopinent." t Assumption Clause The Mortgagee (Trustee) shall, with the prior approval of, the Federal Housing Commissioner, or his designee, declare all sums secured by this Mcrtg;,p e (Deed of Trust) to be immediately due anti payable if all or a part of the property is sold or otherwise transferred (other than by devise, descent or operation of law) by th-e Mortgagor~ (Trustor), pursuant to a contract of sale execuXed not later than 12 months after the date of execution of this mortgage or not later than months after the date of prior transfer of the property subject to this Mortgage Deed of Trust), to it purchaser whose credit has not been approved in accordance'`with the requirements of the conunis4ione•r. IN WITNESS WIIEREOF. the borrower(s) has set his hand and seal the day and year first aforesaid. BorrowegAME S A SWANSON e,rcur ve W.Y J SWANSON State of Nebraska ) " r.,,,.,t., -iHALL The foregonmg th4tiroinent was acknowledged before me this 26th day, of Hay . ..149. _• b)jAW.S A SWANSON AND HBVERLY J SWM.UN�` SIVAR11- emu VZ Fir IVitnrss ruy fiarid'' rind notarial seal at GRAND ISLAND in %mrl < ounty, the d.ite afores:ud, !1t'„ +�. +s�n�ic�.itm r•�l,irr�ti: i. ROHERTA L OF_ tiJ kr E t^ tX KiiiSN. HTA L Fitt N; U r► N -i