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S <br />1 <br />FHA MORTGAGE RIDER 89- 6 10384 10 <br />(Assumption Rider) <br />(The term "mortgage" shall be deemed to include "Deed of Trust," as applicable.) <br />This Rider, dated the 24th day of <br />amends the Deed of Trust of even–date by and between <br />TERRY J WICHT AND LAURA J VICHT <br />as <br />July <br />1989 , <br />the Borrower(s), and <br />the Trvolee, and <br />One -Time mortgage insurance Premium ' <br />1. Subsection (a) of Paragraoli 2 is deleted. <br />2. SubsecVn (c) W of Paragrafh 2 is deleted. <br />3. In the Ahird sentence of ftr,ragraph.3, the words "all payments made urider.:xhe <br />provision of (a) of Paragraph Z. hereof which the Lender has not '6eeome <br />obligated to pay to the Secretary, of Housing and Urban Development.-,And" <br />are deleted. <br />4. The f6exth 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 mot be exercised when the ineligibility. <br />for insurance under the National Housing Act is due to. . <br />the Lender's fail4e~ 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': dqe and payable it all or a part of 1hte property is sold or <br />otherwise transferred (atfiter than.-,by devise, descent or operation of law) b the <br />Mortgagor (Trustor), pursuant to a carztract of sale executed not later than; 12 <br />months after the date of executionutl 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 comriiissioner. <br />N WITNESS WHEREOF, the borrower(s) has set his hand and seal the day and <br />year first aforesaid. <br />Bw r J WICHT <br />ct,ra <br />Borr wer LAU ,J MCHT <br />State of Nebraska ) <br />) S <br />County of HALL ) <br />The foregoing instrument was acknowledged before me this 24tb day of <br />July , 19 89 , by TEARY J WIGHT AND LAURA J WICIRT —'— <br />Witness my hand and notarial seal at <br />in said county, the date aforesaid. <br />Any. Coll U,¢y$9 explrr,: <br />Ly <br />r <br />,4-JLwe Vf CA. _ EAR. i.�� <br />PIWA <br />GRAND ISLAND <br />Ncit, !ire <br />a RFED <br />r. <br />;ii <br />