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FHA MORTGAGE RIDER <br />(Assumption Rider) <br />89-- 103340 <br />(The term "mortgage" shall be deemed to include "[wed of Trust," as applicable.) <br />This Rider, dated the 29th day of Juan 19.89 , <br />arnmds the Deed of Trust of even date by and between <br />the Borrower(s), and <br />the Trustee, and <br />the Lender, <br />One -Time Mortgage Insurance Premium <br />1. Subsection (a) of Paragraph Z.is deleted. <br />2. Subsection+, (c) (1) of Para*#Vh' x is deleted. <br />I. In the third sentence of Pat4raph;It the words "all pay ots :� under the <br />provision of (a) of Paragraph. Z,-bffeof which the Tk mrGit±t" ;;tva ,riot becwm <br />obligated to pay to the $Wetwy��. of Housing and Urbah <l�.v k&*nent and" <br />are deleted <br />k. The fourth sentence of Par agraph 3 is amended by insertion of a period after <br />". . . then remalMng unpaid under, said Note" and defition of the remainder <br />of the sentence,-.. <br />. Paragraph 12 is amended. ;by the addition of . the following: <br />"This option may -rat be- exercised when the ineligibility, <br />for insurance under the National Housing Act is due to <br />the Lender's failure to • rerR h v.. the mortgage -insurance <br />rJ 44emicina - and_ 1 khan. ' - <br />Oevelopment." <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 immediately7, - due and payable It -all or a part of t*i property is sW. , 6, . or <br />i otherwise transferred (other than by devise, descent or operation of law)' the <br />Mortgagor (Trustor), pursuant to a contract of sale executed not later than <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 <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 borrowec(s) has set his hand and seal the day and <br />year first aforesaid. <br />Borrower TOUP J <br />Phi r law <br />In <br />(, <br />r l3orrower z1ax ! Gzl*R <br />Statt of Nebraska ) <br />) S <br />County of HALL ) <br />` 29th day of <br />0 J � The foregoing insttument was �V� P t,, <br />Jun* S �I <br />vivo, 9 y <br />HI --r- -- <br />• <br />Witness my hand and notarial seal at GRAND ISLAND <br />in said county, the date aforesaid. <br />&MAM" XQUATA L. NEED <br />Of C4M . fW 1* A 1W <br />M© rilLi R .F D <br />