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1 <br />FHA MORTGAM RIDER n <br />(Assumption Rider) M3" 104027 <br />(The term "mortgage" shall be deemed to include "Deed of Trurst$ ` as applicable.) <br />This Rider, dated the 1ST day of AUGUST 1989 <br />*mends the [deed of Trust of even dite Sy and between <br />the Borrower(s), and <br />the Trustee, and <br />the Lender, <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 "alt; 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 of the remainder <br />of the sentence. <br />S. Paragraph 12 is amended by the addition of the following: <br />"This option may not be. exercised when the ineligibility <br />for. hWrance under the National Housing Act . s due to <br />the', •Lirrsler's fit'lure to remit the mortgage insurance <br />pretoifu re to the Department of Housing and Urban <br />De 1 is <br />ve wp�ent. <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 ley 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 Afiari, by devise, descent or operation of law) by the <br />Mortgagor (Trustor), pursuant to a contract of sale executed not later than 12 <br />morths after the date of. 'execution of this mortgage or not later than <br />moriths after the date of prior transfer oi;.the property subject to this Mortgage,: <br />of Trust), to a purchaser' whose: credit has not been approved in accordance with the <br />requirements of the commissioner.. <br />IN WITNESS Wt-MREOF, the borrower(s) has set his hand and seal the day and i <br />year first aforesaid. <br />Borrower DAVID J MARRON <br />r ower KATH E N , A MARRON' <br />State of Nebraska ) <br />County of HALL ) The foregoing instrument was acknowledged before me this 1ST day of <br />AUGUST 0 1 89 , by DAVID J MARRON AND KATHLEEN A MARRON. ! <br />HUSBAND AND WIFE <br />Witness my hand and notarial seal at GRAND ISLAND <br />in said county, the date aforesaid. <br />My commission expires: <br />MAUI Ut lext";J Notally Public <br />4 RONERTA L. REED <br />,!« :` ►• My Cam. DO W 3Q low <br />1._ <br />