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r <br />F 7 <br />$gr•. 103913 <br />FHA MORTGAGE RIDER <br />(Assumption Rider) <br />(The term "mortgage" shall be deemed to include "Deed of Trust," as applicable.) <br />This Rider, dated the 28th day of juiv 1gam_► <br />amends the Deed of Trust of even ate by and between <br />onW RT If SJQ1 JZnwK or_ AN the Borrower(s), and <br />�L1Z�Y>I1�Q�T_ the Trustee, and <br />nnr rnn► ►Q w INODAT CwTW!Q tunr ► the Lender, <br />as 1011ows: <br />One -Time Mortgage insurance Premium <br />1. 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 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. 01 the remainder <br />of the sentence. <br />3. 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 />1prem1orh io Ltle Dep%lewient - of ''"'Ous'u►g and Ur ban <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 prpperty is. sold or <br />otherwise transferred . (other than by 'd0iyise, descent or operation of law) by. the-• <br />Mortgagor (Trustor), pursuant to a contr6ct'of sale executed not later than t2 <br />mOnths'after.the date''Of execution of this mortgage or not later than <br />months after the date of prior - teansfer of the property subject to this Mlort ge 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, tp* 4orrower(s) has set his hand and seal the day and <br />year first aforesaid. <br />Borrower ' <br />RQBERT F STOLTE Nffi <br />Borro <br />MARY JANE STOLTE NEE RG <br />State of Nebraska ) <br />5 <br />County of HALL ) <br />The foregoing instrument was acknowledged before me this 28th day of <br />J.z x s 19 S9 ► by g=1 F STOLZSN KW AND MAgy JANE <br />STOLZ'BNBBIC HUSBAND AND WIFE <br />LWitness my hand and notarial seal at GRAND ISLAND <br />in said county, the date aforesaid. <br />My comrnission expires: <br />JULY 3U. 1990 <br />ntl8E11TA L. REE D <br />,,..p ..e Vi f� ._', iii (:?y ? i'r,= <br />N&y;Itjbltc <br />RO BF: RTA L W? r U <br />