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r <br />r+ <br />FHA MORTGAGE RIDER <br />(Assumption Rider) 89000 10308(l <br />(The term "mortgage" shall be deemed to include "Deed of Trust," as applicable.) <br />This Rider. dated the 16th day of June 19 89 , <br />amends the Deed of Trust of even date by and betty' <br />Lee D Wagner and Susan M Wagner, Husband end. Wlf e the .9orrower(s), and <br />commercial Federal gavin s and Loan ssmzlet,it A.. , the Truster and <br />ColWus Federal-Savings Bank the 1LeAder, . <br />as follows: <br />One -Time Mortgj2 insurance Premium <br />1.. Section (a) of Paragraph 21s'i deleted. <br />2. 5atsectn ((q of aragraph'. is deleted. <br />3. <br />lo ;,'the thirtl lwntence of ParagtrAph 3, the words "all payments made tinder the <br />0evision of (a) of Paragraph 2 hereof which the Lender has no <br />3_.`,tdecame <br />obyligaited to pay to -.tl e, Secretary of Housing and Urban <7 �t+eQcr6hi6iit and" •' <br />are deleted. <br />4. The fourth sentence of Paragraph 3 is amended by inserti6� Qf" a per. iod4fter <br />"... then remaining unpaid under said Note" and dealetkan of. the reninaie�cfer <br />of' the sentence. <br />S. Part caph 1,2, is ametkiled by the °addition of the fotf awitn . <br />"This .option may not be . exercised when the itlelikibiluty <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 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 devise, descent or operation of law) by the <br />Mortgagor (Trustor), pursuant to a contract of sale executed not later than 12 <br />moo -ths 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 as purchaser whose credit has not been approved in accordance with the <br />requirements rif the commissioner. <br />IN WITNESS WHEREOF, the borrower(s) has set his hand and seal the day and <br />year first aforesaid. <br />Lee D <br />Borrower Susan M Wagner <br />State of Nebioska ) <br />%_" qty of : tl all ) <br />The fpf- egoirnh, . instrument .'Wps acksiowledgoo before lu this 16th day of <br />-?' Zg .fey' Ls_D Wagner and Su-ssn M Wagner, <br />4MOand And Wife <br />witness iriy hand and notarial seal at Grand island <br />in said county, the date aforesaid. <br />My rnrnfrrtt.1o" expires. <br />RfaT3�:IiiA �.. Ru .� <br />N?�ary <br />