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89-0. loqoa6l FHA MORTGAGE RIDER (Assumption Ritter) (The term "mortgage" shall be deemed to include "heed of Trust," as applicable.) This Rider, dated the 31ST day of JULY 19 89 , amends the Deed of Trust of even date by and between MARL( ANNE HINCHEY , the Borrower(s), and the Trustee, and COLUMBUS FEDERAL SAVINGS BANK , the Lender, as 1011OW311 One -Time Mortgage Insurance Premium ! 1. Subsection (a) of Paragraph 2 is deleted. 2. Subsection (c) (1) of Paragraph 2 is deleted. 3.. In the third sentence of Paragraph 3, the words "all payments made under the provision of (a) of Paragraph 2 hereof which the Lender has not become obligated- to pay to the Secretary of Housing and Urban Development and" ire deleted. k.:. The fourth senteme of Paragraph 3 is amended by insertion of a period after "...then remaining un fd under said Note" and deletion of the remainder of the sentence. 5. 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 remit the mortgage insurance i premium to the Department of Housing and Urban Development.— Asauroptlon Clauac: i The Mortgagee (Trustee) shall, with the prior approval of the Federal Housing Commissioner, or hip 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 transfe red (other than by devise, descent or operation of ''law) by . the Mortgagor (Trustor), pursuant to a contract of sale executed not later than 12 months after the date of execution of this nfartgage or not later than 12 months after the date of prior transfer of the property subject to this Mortgage Deed of Trust), to a purchaser whose credit has not been approved in accordance with the requirements of the commissioner. IN WITNESS WHEREOF, the - orrower(s) has set his, hand and seal the day and year first aforesaid. Borro er MARY ANNE 14-IROEY Borrower State of Nebraska ) S County of HALL ) The foregoing instrument was acknowledged before me this 31ST day of JULY 19 BS , by NARY ANNE HINCHEY, A SINGLE PERSON Witness my hand and notarial seal at GRAND ISLAND in said county, the date aforesaid. My commission expires: ' AL2i':Lt,TA L. F.er.0 1 1�1 ♦.IIM�O/ /1 /MNNI/11!/�/!/YYM�A 1 Nt ary Public t �II �1