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1 <br />FHA MORTGAGE RIf7ER 8�+ i��00t7 r <br />(Assumption Rider):: <br />(The term "mortgage" shall be deemed to 'inctude "Deets' of Trust," as applicable.) <br />This Rider. dated the Ikh duty of SeRten to F39 <br />- amen& the - Deed -of Trust of even date by or►.f between" � � - <br />MICHAEL R JACKSON AND DENJSE R JACKSV i ,. the norrower(s), and <br />CiDLLNBJS FEDERAL. SAVINGS BAW , the Trustee, and <br />r`alt IIM IS FEDERAL SAVIWGS BANtf ; the Lender, <br />as follows: <br />One -Time lldertgage Insurance Premium <br />I. Subsection (a). ` fl:.Paragraph' 2 is deleted <br />2. Subsection (dj-11 Paragraph 2 is deleted. <br />3. in the third seiitrrnce.of. Paragraph 3, the words. fail payments .miz4c under the <br />provisica. of (a) of ' Paragraph 2 hereof whedi- the Lender. has `not become <br />obligated to pay to the Secretary of Housfta and Urban Development and" <br />are defete_*& <br />4. The fourth sentence of Paragraph 3 is amended by insertion or a period'aftcr <br />" then remaining unpaid under said Note" and deletion of the remainder <br />of the sentence. <br />5. Paragraphs h2.1is.amended Fey the addition of the following: <br />"This opt! m­ may not,' exercised when the inefUgibility <br />for insurance under, 9T.e .NMafional Housing Act is due to <br />ihe Lender's failure to remit the r6artgage insurance- <br />premium to the Department of Housing and Urban <br />Development." <br />Assumption Clause <br />°11te Mortgagee (Trustee) shall, with the prior approval of. the Federal Housing <br />Commissioner, or' his designee, declare all sums secured by tins 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 than by devise, descent or operation of law) by the <br />Mortgagor (Trustor), pursuant to a contract of sale executed not later than 12 <br />months rifler the date of execution of this mortgage or not later than 12 <br />months 'alter the date of prior transfer of the property subject to this ortgage Deed <br />o,f Trust), to a {purchaser whose credit has not been approved in acccrt�Tnce with the <br />requirements of the commissioner. <br />IN WITNESS WHEREOF, Vie borrower(s) has sec his hand' and seal the day and <br />Wear first aforesaid.. <br />Borrower MICHAEL R J N <br />Borrow 6 " DEN! SE J S_ <br />State of Nebraska ) <br />County of-L ) <br />The Sept instrBunent was aIkCrovrledeIf�fo�,reA DEt�iIS 18th <br />-- -Fltf'aBe!"r yA -iiiF 19 , by L E C ON ay of <br />Witness my hand and notarial seal at <br />GRAND ISLAND I <br />in said county, the date aforesaid. <br />i� <br />My oft- <br />No 0 91 REED <br />1 <br />