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r <br />�1 <br />i <br />FHA MORTGAGE RIDER <br />(Assumption Rider) 4 -0°'r` 103364 <br />(The term "mortgage" shall be deemed to include "Deed of Trust," as applicable.) <br />This Rider,, dated the 29th day of Julie <br />amends the Deed of Trust of even Tate by I between' <br />the Borrower(s), and <br />the Trustee, and <br />the Lender, <br />One -Time Mortgage Insurance Premium <br />I 5ubsecoory (a) of Paragraph 2 is deleted. <br />a. Subsection (c) (1) of Paragraph 2 is deleted. <br />X to the third sentence of Paragraph 3, the word;: toll! •payr,,nents made under the <br />.provision of (a) of Parag'roo 2 hereaf wh16 the 14cand+,'r has not become <br />obligated to pay to the . Sectelary of Hous' " and Urban Development and" <br />are del"d. <br />4. The fowdh: sentence of ParWaph 3 is amended by insertion of a period after <br />"...flyer reMalifting< 'unpgid under said Note)" and deleti ac+ of the remainder <br />of the sentence. <br />21.Faragritph 12 is amended by the addition of the following: <br />"This option may not be exercised when the ineligibility <br />for insurance under the Natiovaal Housing Act is due to <br />the Lender's failure to remit the mortgage insurance <br />_ - oremium 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 thus. Mortgage (Deed of <br />Trust) tto.. be immediately due and payable if z. U. or a part of- dwe property is sold or <br />otherwbe transferred (other than by devise;" ' descent, - or opePairfon of law) by the <br />Mortgagor (Trustor), pursuant to a contract of sale executed. not later than 12 <br />► months after the date of execution of this mortgage or nor later than 12 <br />months after the date of pribr transfer of the property subject to} this Mortgage Meeed <br />of Trust), to a purchaser whose credit has not been approved i.n accordance with the <br />requirements of the commissioner. <br />tN WITNESS WHEREOF, the borrower(s) has set his hand and seal the day and <br />year first aforesaid. <br />rower TODD L. — <br />00 43 as g5a <br />suer SUSAN R JE <br />State of Nebraska ) <br />S <br />County of HALL ) <br />The foregoing instrument was acknowledged before me this 29th day of <br />Ju00 , 19- 89 by TODD L JEPSON AND SUSAN R JEPSO[I- <br />GUIPIX1110 911117 Mrs <br />LWitness my hand and notarial seal at GRAND ISLANiD <br />in said county, the date aforesaid. <br />M�yy� core rISISNIU expires: ` �..f�c • t <br />3ifLY iU, l+��U Z � �iblic � <br />Gi Ak se'+ r a�xr rA s ; 3 RUHF kTA L KEF E) <br />IIQiYi1TA <br />L. Roy() <br />4rfa+sasF0*v'44 <br />s <br />