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FHA MORTGAGE RIDER 89-' w 103791 <br />(Assumption Rider) <br />(The term "mortgage" shall be deemed to include "Deed of Trust," as applicable.) <br />This Rider, dated the _ day of >ZuiL <br />amends the Deed of Trust of evn date by and between <br />ifrRL_M rur_I, AIM RQBIN WJZ glgttiRa , the Borrower(s), and <br />1 SC *At >'KDRIAl,. SAME rS Awn TC'AN lltS W TATrna , the Trustee, and <br />,FBI>6aA,i0 ,hvrttr� <br />BANK , the Lender, <br />c7ie -'Time Mortgage Insurance Premharn <br />�,. I. Subsection (a) of Paragraph 2 is deleted. {; <br />;.' 2. Subsection (c) (1) of Paragraph 2 is deleted. <br />3. In the third sentence of Paragraph 3, the words "all payntents made under the . <br />provision of (a) ,ref Paragraph 2 hereof which the Ltm4er has not become <br />obligated to pay to the Secretary of Housing and Ui is n Development aced" <br />are deleted. <br />4. The fourth sentence of Paragraph 3 is amended by inst*tion of a period after <br />'•... then remaining unpaid under said Note" and dtlet:ion of the remainder <br />of the sentence. <br />S. Paragraph 12 is amended by the addition of the followings <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 />p.reenium to the Department of Housing and Urban, . <br />i <br />I•' <br />Assumption Claus= <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 or operation of law) by the <br />Mortgagor (Trustor), pursuant to a contract of sale executed not later than 12 <br />i months after the date of execution of this mortgage or not later than 12 <br />months after the date of prior transfer of the property subject to this Mortgage 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 borrower(s) has set his hand and seal the day and ;^ <br />year first aforesaid. _ <br />8orrowe� <br />KIRK Y &1CKUS' <br />%7iot <br />• Borrower <br />ROBIN RENEE POE HIE R <br />State of Nebraska ) <br />) S <br />County of HALL ) <br />The foregoing instrument was acknowledged before me this 21st day of <br />-lull L 19__a_9__ + by _KIRK RAY BACKUS A SINGLE PERSON - - <br />_AOIlI1{ Rewe POEHLER A SINGLE ERSON - <br />Witness my hand and notarial seal at <br />in said county, the data aforesaid. <br />My corranisslon (1Xpires: <br />JULY 30, 1990 <br />GRAND ISLAND <br />l <br />!Nola y I`ublu- <br />ROWNTA L REED <br />1 <br />� f <br />rr, <br />F.- <br />