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L <br />FHA MORTGAGE RIDER <br />(Assumption It ider) <br />89- 102990 <br />(The term "mortgage" shall be decanted to include "heed of Trust," as applucablt•.) <br />This Rider, dated the 12t�i day of Junp 1�� <br />amends the Deed of Trust of even date by and between <br />7'RRRE Reg - K I�(�,AIrY .iA= H KEW -Al_v the Borrower(s), and <br />COLUMBUS FEDEAs SAVING RANK- the Trustee, and <br />COLUMBUS FE E@&- SAVINGS BANK the Lender, <br />as follows: <br />It <br />One-Time Mortgage Insurance Premium <br />1. Subsection (a) of Paragraph 2 is deleted. <br />2. Subsection (r) (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 />abligated 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 re'niand(m ' <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 insurance under the National Housing Att is due to <br />the Lender's failure to remit tfte• mortgage insurance <br />i <br />premium to the Department of Housing and Urban <br />Development." <br />:- <br />Assumption Clause <br />The Mortgagee (Trustee) shall, with the prior appreaval of the Federal Housing <br />Commissioner, or his designee, declare aft sums .secured by this Mortgage (Deed of <br />Trust) to be immediately due and payable if all, 'e2r a part of the property is sold or <br />otherwise transferred (other than by devise, .de-s(ent or operation of law) by the <br />— <br />Mortgagor (Trustor), pursuant to a contract of sale dxecuted not later than 1 , <br />months after 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 �Isas not been approved in accordance with the <br />p <br />requirements of the comirsissioner. <br />IN WITNESS WHEREOF, the borrower(s) has set his hand and seal the day and <br />year first aforesaid. <br />, <br />Borro'WIERRENCL <br />R KLNE <br />Borrow <br />%NET M KENEALY <br />State of Nebraska <br />) g <br />. <br />County oVALL ) <br />The foregoing instrument was acknowledged before me this 12th day of <br />June , 189 , ORRENCE R KFNEALY AND JANET M Kl_MALY <br />Witness my hand and notarial seal at GRANT) ISLAND <br />ie, -airl county, the date alorestucl. — — - -- -- -- __ <br />j <br />fi•1y , t,rwnissiui, r•3tp1r1••.• y <br />r _ <br />�ttwc+i� il��.,.•1 J!e t vi L._ • vs HUbt: kS a� 1. KF 0 <br />P08FATA L REED <br />