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r <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 ��� day of A gust I'A9 <br />m <br />aends the Deed of Trust of event to by and between <br />..��� :'.•." „f,�� :l��Ytf. : �7 ,n,,_ , the Bwrower(s), and <br />.- ��w.� -��i Nra w.�•� . the Trtgfeex,atrd <br />the lender, <br />u ows: <br />One -Time Mortgage tnsurance:Premium <br />1. Subsection (a) of Paragraph 2 is deleted. <br />2. Subsection (c) Q,-,of . Paragraph 2 is deleted. <br />3. In the third se ntdoce of Paragraph t the words "ail pay Ments "made under the <br />pravis.iocr, of (aj?; tsf Paragraph 2 hereof which the Lender fiat <br />o ;►irpt becct: r� <br />btig tx� to, <br />pay to this: ecretary of Housing and Urban ent -a <br />Dt`v Trid" <br />are deleted. <,. <br />-kY The fourth sentence of Pa.i ograph 3 is amended by insertion of `a:: p­,e' riod' t <br />w... then reining unpaid under said Note" and defe-tion of ft--. imam nr <br />of t* ftntence. <br />3. ,P*8j%4O 12 ix :amended by the addition of the following: <br />''TNs a(stion may not be exercised when the ineligibility <br />ttyx insurance under the National Housing Act is due to <br />titre Lender's failure -to remit the mortgage insurance <br />premium to the Department of Housing and Urban <br />Development." <br />Assumption Clause <br />The Moilgagee (;('rustee) shall, with the: prior approval ;of. the Federal Housing <br />Conir;s+is�ioner. or, his c)eftnee, declare all sums. secured by ; *14 Mortgage (Deed of <br />Trust) td be imm. L*diately due and payable if all or a part of itli property is sold or <br />,otherwise transferred (other than by devise, descent or operation o(, law) by the <br />Mortgagor (Trustod), pursuant to a contract of sale! executed not later that':. 12 <br />morttfiet alter the date of execution of, this mortgage or not later than 12 <br />mop..:!i1,. after the date of prior transfer of tba- property subject to this Mortgage <br />of Trust), to a purchaser whose credit has rzat.: been approved in accordance with the <br />requirements of the commissioner. <br />IN WITNESS WHEREOF, the borrowerls) has set his hand and seal the day and <br />year first aforesra:id. <br />rower DONALD P SHERIDAN <br />r Cr JANICE A SHERIDAN <br />State of Nebraska • D <br />County of 'MALI. ) <br />The. foregoing instrument was acknowledged before me this ten day of <br />_Au"At 1989 _. by DONALD F SHERIDAN AND JANICE A- MEMVAN <br />BUSIAND AND WIFE <br />Witness my hand and notarial seat at GRAND ISLAND <br />in said County. the (fate aforesaid. <br />My commission expires: _ <br />JULY Iii, 1990 <br />Ki?u: <br />1T "W- TA 4 tT "M <br />MrY �,.� t» h1Y T ''e9 <br />n -S <br />Not & 110 r}} u Ice <br />itO kTA L WED <br />J <br />+ y; <br />r' <br />L <br />