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<br />I <br /> <br />88- 101591 <br />FHA CASE NO, <br />J21-1231940-203(b) <br /> <br />~ <br /> <br />TRANSFER OF PROPERTY RIDER <br />TO DEED OF TRUST/MORTGAGE <br /> <br />This Transfer of Property Rider is madc this 31 st day of ~larch 1988 and amends the <br />provisions of the Deed of Trust/Mortgagc. (the" Security Instrument ") of thc same dale. by and between Th e <br /> <br />Equitable Building and Loan Association <br /> <br />, the Trustors/Mortgagors, <br /> <br />Timothy D. Skibstead, <br /> <br />, the Beneficiary/Mortgagee. as follows: <br /> <br />Adds the following provision: <br />The mortgagee shall, with the pril'f approval of the I:edcral Housing Commissioner, or his designee, declare all sums secured <br />by this mortgage to bc immediatcly due amI pa)'ahlc if all nr a part of thc property is sold or otherwise transferred (other <br />than by devise. descent or operation of law) by the IIllll'lgagnf, pUfsualltto a contract of sale executed not later thall * <br />months after the date on which the mortgage is cndorsed for insurance. 10 a purchaser whose credit has not been approved <br />in accordance with the requircmcnts of Ihc COlllmissioncr. <br />("'If the properly is the principal m sccnlldary residencc of the mortgagor enter "12". if the property is lIot the principal <br />or secondary residence of the mortgagor. "24" must be entered.) <br /> <br />IN WITNESS WHEREOF, TrustOl/Mortgagor has exccllled this Transfef of Properly Rider. <br /> <br />..signature of Truslor(s)/Mortgagor(s) <br /> <br /> <br />. L 't~,+--~~: L.Jlk,oG <br />r'\ Timo~~'l>; Skib;t.a. .' <br />'-- ~, r-.~~,~ S:JA;U I ~\.. ~l. ~ <br /> <br />'r.-" <br /> <br />FORM 2994 IB802l <br /> <br />0m~~~.~~~~ ,;a:~~61~43W:JS <br /> <br />r~- <br /> <br />L <br /> <br />-.J <br /> <br />( <br /> <br />L <br />