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FHA MORTGAGE RIDER (Assumption Rider) 89-'- 1037.59 (The term "mortgage" shall be deemed to include "need of Trust," as applicable.) This Rider, dated the 20tb day of July 19 89 amends the Deed of Trust of even date by and between Y�g 'i.S.S IL.I 2M , the Borrower(s), and ca�maos tom, Q. "• L` • the Truettte, and JIMIALAULIfiLim the lavender, as . followst one -Time Mortgage, Insurance Premium I. Subsection (a) of Paragraph 2 is deleted. 2. Subsec lion (c) (1) of Paragraph 2 is deleted. 3. in the third sentence of Paragraph: 3, the words "all payments made under the pra ition of (a) of Paragraph ,Z - iweof which the . L+rnder has not become OKipted to pay to the Secretary of Housing arief;,.C1'rba►h Development and" a e ,Meted. fourth sentence of Paragraph 3 is amended by insertion ot.a period after then remaining unpaid under said Note" and deletion 61' the remainder , of the sentence. ; S. Paragraph 12 is amended::.by the addition of the following: "This option may` -not be exercised when the ineligibility for insurance under°. the National Housing Act is due to the Lender's failure to ,re-init the mortgage:,. insurance premium -_ to -the.' lZeva►rtment- of Housing 4M - Urban . ... Dewtiopment " _ .. t Assumption Clause The Naiktgagee (Trustee) shall, with the prior approval of the Federal Housing Commissioner, or his designee, declare all sums secured by this Mortgage (Deed of Trust) to be immediately due and payable if all or a part of the property is sold or otherwise transferred (other than by devise, descent or operation of law) by the Mortgagor (Trexor), pursuant to a contract of sale executed not later than 12 months after the date of execution of this mortgage or not latef, than months after the date of prior transfer of the property subject to this mortgage �eeT of Trust), to a purchaser whose credit has not been approved in accordance with the requirements of the commissioner. IN WITNESS W HAREOF, the borrower(s) has, het his hand and seal the day and year first aforesaid. &LAX�� Borro GAinr L CARSON 7 rawer JANIS R CARSON State of Nebraska County of 4 y The foregoing instrument was acknowledged before me this 20th day of Jul , 19 89 , by GARY L CARSON AND JAMS R CA�� 1= Witness my hand and notarial seal at GRAND ISLAND in said county, the date aforesaid. i` My ComrrltSSlon expires: r__- • Jui6y 30, 1990 �,. Nota y Public ROWRTA L REED [n ty tw, z~ V* WY 1, 1At, - s:.