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<br />r <br /> <br />88- 101079 <br /> <br />ADDENDUM TO FHA MORTGAGE OR DEED OF TRUST <br /> <br />1) The mortgagee shall, with the prior approval of the Federal Housing <br />Commissioner, or his designee, declare all sums secured by this mortgage <br />to be immediately due and payable if all or a par~ of the property is <br />sold or otherwise transferred (other than by devise, descent or <br />operation of law) by the mortgagor, pursuant to a contract of sale <br />executed not later than 24 months after the date of execution of this <br />mortgage or not later than 24 months after the date of a prior transfer <br />of the property subject to this mortgagor, to a purchaser whose credit <br />has not been approved in accordance with the requirements of the <br />Commissioner. <br /> <br />2) Should the Federal Housing <br />its insuring certificate within <br />would normally become eligible <br />note secured hereby may declare <br />due and payable. <br /> <br />Administration fail or refuse to issue <br />sixty (60) days from the date the loan <br />for such insurance, the holder of the <br />the indebtedness hereby secured at once <br /> <br />Date: <br /> <br />~/ j/ 'B ~ <br /> <br />/1 1 - I <br />'tc'-i/{,C:~/_, ,y~ <br />( B~ro#er) t1 ' <br /> <br />(Borrower) <br /> <br />Witnessed By: <br /> <br />\~~ <br /> <br />TMC-174 <br />11/86 <br />qc <br /> <br />L <br /> <br />L <br /> <br />'~ <br />'-. <br /> <br />u <br /> <br />r- <br />i <br /> <br />~ <br /> <br />/ <br />~. <br />