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FHA MORTGAGE: RIDER 103337 <br />_ <br />(Assumption Rider) <br />(The term wmwtgage" sha11 be deemed to include "Deed of Trust," as applicable.) <br />This Rider, dated the 2J itb _ day of . JU92�. -- -- 11-- - -' •; - <br />amends Mne peed of Trust of even ate by and between, the Borrower(s), and <br />� <br />the Trustee, and _ <br />MR the Lender, <br />as f0lIOW34 c,rir <br />one -Time Mortgage Insurance Premium <br />I . Subsection (a) of Paragraph 2 is deleted. <br />1 2. Subsection (c) (1) of Paragraph 2 is deleted. <br />3. In the third sentence of Paragraph 3, the *Ord$ "ail payments made under the <br />jprovision of (a) of Paragraph 2 hereof which the Lender has not become <br />obligated 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 4nskrtio. (?g a period after <br />"... then remaining unpaid under said Note" and eeletion of the remainder <br />of the sentence. <br />3. Paragraph 12 is amended. by the addition of the fc+f(drwii:gs <br />"This option may; not be exercised *hen the ineligibility <br />ti for insurance under the National Housing Act. is due to <br />the Lender's failure to ..remit the mortgagee insurance <br />-- - - - - - - - '- - - .- - :...»_ -�.. _.lu- rlanartma.tt- -of (dousing- 4nd Urb4- - - -- - - <br />{ sv ..� — -. <br />E Development." <br />Assumption Clause <br />a <br />The Mortgagee (Trustee), -shall, with the prior approval of the :Federal Housing <br />Commissioners or his designee, declare, all sums secured by this Nlo�ig ge (Deed of <br />Trust) to be immediately due and payab;;e if all or a part of the property is,. $044 or <br />otherwise transferred (other than by devise, descent or operation of law) , :b� the <br />Mortgagor (Trustor), pursuant to a contract of sale executed 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 ortgage . (Deed <br />of Trust), to a purchaser whose credit has not been approved in accordance with the <br />requirements of the commissioner. <br />IN WITNESS WHEREOF, the borrawer(s) has set his land and seal the day and <br />year first aforesaid. <br />Borrower lIICHML L ARMSTRONG <br />oive <br />Borrower HOMICA M AZINSCH <br />State of Nebraska <br />{County of "ALL ) <br />The foregoing instrument was acknowledged_ - before me this 28th day of <br />AE <br />JUS0 15 84 b MICHAEL :. AMH HONG A SINGLE !tl�otC <br />X <br />witness my hand and notarial scat at GRAND ISLAND <br />in said county, the data aforesaid. <br />i <br />k A � ,,1 ( J• <br />M ccwrimEssion expires: Tel <br />�'1..• �� I '�� � «..M_�__. G• • <br />ZLY• 3u t -O! ryy i'uhII <br />