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L <br />1 <br />103127 FHA MORTGAGE RIDER 89-° io3 <br />(Assumption Rider) <br />(The term "mortgage" shall be deemed to include "Deed of Trust," as applicable.) <br />This Rider, dated the 16th day of <br />amends the Deed of Trust of even date by and between <br />June <br />19 89 , <br />the Borrower(s), and <br />the Trustee, and <br />the Lender, <br />One -Time 111 oe age 3n*kxance Premium <br />I. Subsection (a) of Paragraph is deleted. <br />2. Subsectioni (c) (1) of Paragraph 2 is deleted. <br />3. In the third sentence of Paragraph 3, the words' 'tail .Payrn nts made under the <br />exovisivri of (a) of Paragraph 2 hereof which the' Leoder has not become <br />obligated to pay to the Secretary of Housing ani Urban Development and" <br />are deleted. <br />4. The fourth sentence of Paragraph 3 is amenderd;by insertion of a period after <br />". then remaining unpaid under said Note"• and defetion of the remainder <br />:ef the sentence. <br />-Paragraph 12 is amended by the addition of the followings <br />"This option may not aye exercised when 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) shaef,' with the prior approval of the Fedeial 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 car •'operation of law) by the <br />Mortgagor (Truster), pursuant to a contract of sale executed'not later than 12 <br />months after the date of execution of this mortgage or not 'later that►. 12 <br />months after the date of prior transfer of the property subject io, :this Mortgage Deed <br />of Trust),; to a purchaser whose credit has not been approved in-, accordance with. tFie� <br />requirements ;of the commissrvne'r. <br />iN ,WITNESS WHEREOF, the borrower(s) has set his hand apd seal the day acrd.. <br />year first aforesaid. <br />•dorr 9. Roger -L P inpton <br />$�orow r Sheresa Hampton <br />State of Nebraska } <br />County of Hall ) <br />The foregoing; instrument was acknowledged before me this 16th day of ' <br />June , 19 89 , by Roger L Hamptona and Sheresa Har:;pton, <br />e <br />us and and Wi — <br />Witness my hand avid notarial seal at <br />in said county, the date aforesaid. <br />My turttrtvtv;so:v Ct:Pi.r;; <br />GRIN. <br />Grand Island <br />l <br />r 41t, <br />4`'tF ,blot <br />7 <br />w <br />f <br />_J__ <br />