Laserfiche WebLink
FHA MORTGAGE RIDER <br />(Assumption Rider) <br />89- 103649 <br />-= . (The term '"mortgage" shall be deemed to include "teed of Trust," as applicable.) <br />This Rider, dated the 14th day of JuLy 1989 , <br />amends the Deed of Trust of even date by and between <br />the Borrower(s), and <br />the Trustee, and <br />the Lender, <br />One -Thane Mortsme 1� nsura►ice PiremIuVIn <br />f. Subsfttiovi (a) of Paragraph Z, is. deleted. <br />2. Subsection `(c) (1) of Paragraph.2 is deleted. <br />3. In the third sentence of Paragraph 3, the words ",all payments made under the <br />provision 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 insertion of a period after <br />".. . then remaining unpaid under said Note" and deletion of the remainder <br />of the sentence. <br />S. Paragraph 12 is amended by the addition of the following: <br />"This option may not be 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) 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 oir, operation of law) by the <br />Mortgagor (Trustor), pursuant to a contract of sale executed not later than <br />months after the date of execution of t4is mortgage or not Ibter than 17 <br />months after the date of prior transftr of the property vAject to this M gaor ge (Med <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 borrower(s) has set his hand and seal the day and <br />Year first aforesaid. <br />State of Nebraska ) <br />) s <br />€'.mty of HALL ) <br />The foregoing instrument was arknowle� ,eA b;4% <br />s 14th clay. f <br />`July a ..19 rig by J-Di J HUR� AND I�I S Hjk --- <br />Witness my hand and notarial seal at GtUHi) Yal.AAip <br />in said county, the dale aforesaid. <br />ju <br />l� G:MS'r'1d <br />�t RCIllt:RTA1..iiti�0 <br />ow <br />.br.ah -V s* <br />+No&�f P�C- <br />r_ <br />-J .... <br />t. <br />t <br />a <br />-J .... <br />