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- - - - - -- -- - - - -- -- <br />- . - - - - -- - - - -- 89- 104381 <br />FHA MORTGAGE RIinER <br />(Assumption Rider) <br />(The term "mortgagee" shall be deemed to include "Deed. of Trust,' as applicable.) <br />This. Rider, dated the 17th day of Au9uact' 19 99 ; <br />feed -of ' <br />amei fs the ed of Trust of even dattr; by and between <br />NICHOLAS K IERTEN AM NNICY . L !'Ef;TEN , the norrower(A. and <br />rim AMIS FEDM SWING; tt+wc' , the Trustee, and <br />the Lender, <br />as ; Ow►s: - - <br />Ow -Time Mortgage insurance Premium <br />' <br />k'..5 section (aj 'of Par graph 2 is deleted. <br />2.``A4Aection (c) {I) of Paragraph 2 is deleted.. <br />3. In the third Ience ) ;f Paragraph 3, the wcr¢s "all 'fayments. %Made tind!e1 the - <br />provision of, 6.) of ,Paragraph 2 hereof wfich Lender has not bed me <br />obligated. to 'pay to ,the Secretary, of F{�is�ing ash ..li~t::ran Developrhese:�ad" <br />are deleted. ;F1; ::: `.`:= . _ <br />4. The fourth sentence i.OI. Paragraph 3 is 4tti6r ed by inserrs� T,dhF;'w perio. ,= tee <br />" then remaining �viipaid urtt(er - said 1-46b ' and, deletion e"2 the reer�i tinder <br />of tho senterso w ,•'•`... <br />• ' S. Para hi.Qdition 1 ?' " _:`G e fa:'sawing: <br />op:,*ion may not iic exercised when the, - ineligibility <br />far ni,afr-.ance under the National Housing kri -is due to <br />'.';.. the dv?"kr's failure 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 e f d-no VederaI Housing <br />Commissioner, or his designee, declare all sums secured by this Mortgage (Deed of <br />Trust) to be immedia,ti!fy due and payable if all or a part of the property is sold or <br />otherwise transferred'. Qother than by devise., descent or operation of law) .0. the <br />the <br />Mortgagor Mgjtor), pursuant to a contract of sale executed not later titan t2 <br />months aftL'r the date, of execution of this mortgage or not later than <br />months after the date of prior transfer o) the property subject to thi$ A.ortgaga 1[�eed <br />of " L^.JSt), to a purchaser whose credit Nvs not been approved in accordance wwilh. the <br />requitements of the commissioner. <br />IN WITNESS Wf� EREOF, the borrower(s) has set his hand and seal the day and <br />year, first aforesaid. <br />Borrower NICHOLAS K MERTEW <br />Borrow c� i� .: <br />u#d11NCY 1. MERTEN <br />State of Pkiwaska <br />County of HALL ) j <br />17th y <br />Thel, foregoin g instrument was acknowledged before me this c la of <br />Auquat; 19 t3rl , by I�ij(,'#iMAS Itkik" me Ufpfiiy. itrl" <br />._. ,.. .._._.. <br />ylhtt .�s trey t'wod and notarial seal at GRAND ISLAND <br />Ir► said courtll,,J '.the date aforesaid. <br />Nutiry a lu: _- <br />