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1 <br />r` <br />ftfiA MORTGAGE .RIDEfi *n <br />(Assumption Rider) '. 1 V 5�� <br />(The term "mortgagee" shall be deemed. to inchrde 11I3ced of Tr-►nt," as applicable.) <br />This_ Rider,. dated tlx- ;?9th day of September 19 89 , <br />atrg"&. the Deed of Trust of ev>•tr a -teebiy and between <br />the 11rxrower(s), and <br />the Tromer, and <br />the tender, <br />Qte-Tirne Mortgage insurance Premium <br />1. Subsection I' f Pataraph 2 is deleted. • ', <br />2. Subsection (d. l) of Nragrapl�. -Z- is deleted. <br />3. In the third rience 01 Parair tplr 3, the cords.':': 1fl payments made eikw*f the <br />V.ro�i!sion of (a) of Nragrapl� 2 hereof wfif(Ai R e Lender Ms note' iii otlxl- <br />�64jated to pay' to...M►e• Secretary of ffnuim zpo Urbarr.- Mvelopment and"';: <br />are deleted: <br />t4. The fourth . ntence of Paragraph 3 is amended bey! insertiois -,of a period after <br />" .. the" ainir% ot►paid under said Note" arr-Jk deletion; -01 the remainder . <br />of the • senteme. <br />S. Paragraph U...is airE , ded by the addition `cat the following: <br />"This +option may not be exercisorl' when the ineligibility <br />for insurance toxler the National ;).;lousing Act is due to <br />the Lender's failure to remit d10� . mortgage insurance <br />premium to the Department ol, liousing and Urban <br />Development:' <br />Assutnntion Clause <br />The Mortgagee (Trustee) shall, with the prior approval of the Fedtiraft Mousing <br />Commissioner, or his designee, declare all sums secured by this Mortgages (Deed of <br />Trust) to be immediately due and payable if all or a part of the property, is sold or <br />otherwise . ".&trnsferred (other than by devise, descent or operation•. of law) by the <br />Mortgagor (Trustor), pursuant to a contract of sale executed not later 'than <br />months after the date of execution of this mortgage or not filter. than <br />months after the dam of prior transfer of the property subject to this Mortgage ed <br />of Trust), to a tnirchaser wlwse credit has not been approved in a�ccxdance with the <br />requirements of the commissioner. <br />IN WITNESS WIIEREOF, the borrower(s) has set his hand and seal the'day and <br />year first aforesaid. <br />Borrower LONNIE K PLACKE <br />��r, kctw j <br />rower BARW* J FiLRKE <br />29th <br />The foregoing instrwnent was acknowledged before me this day of <br />septem Ter 19 to , by LONNIE R- PLACKE Attf7 BARBARA KE <br />Witness rely hand and notarial seal at GRAND ISLAND <br />Iry said county, the date aforesaid. <br />My � 9poi:og fires: <br />(,�lil�t �IAArSttit d thin <br />ROBERTA 9..1RED <br />Mf diMMM► fJ! flM � f � <br />(At I <br />Notar t RFFU <br />