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I 1 I r- 87-10734fl NEBRASKA FHA MORTGAGE RIDER THIS RlDER, dated the 22nd day of October , 19~ amends the mortgage of even date by and between Barry R. McCormick and Ronda J. , the HcCormick,husband and wife Mortgagor, and the Mortgagee, as follows: 1. In Paragraph I, the sentence which reads as follows, is deleted: "Privilege is reserved to pay the debt in whole, or in an amount equal to one or more monthly payments on the principal that are next due on the note, on the first day of any month prior to maturity: Provided, however. That written notice of an intention to exercise such privilege is given at least thirty (30) days prior to prepaYlllent." 2. Paragraph 1 is amended by addition of the following: "Privilege is reserved to pay the debt in whole or in part on any interest due date." 3. Subsection (a) of Paragraph 2 is deleted. 4. Subsection (c) (1) of Paragraph 2 is deleted. S. In the third sentence of Paragraph 3, the words "all payments aade under the provisions of (a) of paragraph 2 hereof which the mortgagee has not become obligated to pay to the Secretary of Housing and Urban Development and" are deleted. \ 6. The fourth sentence of Paragraph 3 is amended by insertion of a period after "...then relll8ining unpaid under said Note" and deletion of the remainder of the sentence. 7. Paragraph 12 is amended by the addition of the following: "This option I118Y not be exercised when the ineligibility for insurance under the National Housing Act is due to the mortaaaeela failure to remit the mortgage insurance premium to the Department of Housing and Urban Development." 8. This mortgage is amended by addition of the following: "The mortgagee shall, with the prior approval of the Federal Housing Commissioner, or his designee, declare all SUDS secured by this mortgage to be immediately due and payable if all or 8 part of the property is sold or otherwise transferred (other than by devise, descent or operation of lsw) by the mortgsgor, pursuant to a contract of sale executed not later than 24 months after the date of execution of this mortgage or not later than 24 months after the date of a prior transfer of the property subject to this mortgage, to a purchaser whose credit has not been approved in accordance with the requirements of the COllllllissioner." has set his/her IN WITNESS WHEREOF, the undersil:ned hand 'and seal the day and year firat aforesaid. 1;, '~.C(( ..:? / /-;', . ~~: ;}l 'f k. (SEAL) b4:~5' K.' tlC!;orrnlck <t- ,J:..' \ I! .'" <. "; n ",'"t (SEAL) ~o~Ja J. ~Cl;orrnlck Si0ed' Sealed. an..d .delivered ~n t...he .presence of I '\JA'l ..k .f] f.e ,,, I .uJ:fti ~LX_ </if} , , 4/0 ~t,~t--.,.v' \ L L L "I --1 , r ~. .-J