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<br />88--10164~' <br /> <br />.f <br /> <br />FHA ASSUMPTION POLICY RIDER <br /> <br /><-j <br /> <br />J <br /> <br />NOTICE: THIS RIDER ADDS A .PROVISION TO THE INSTRUMENT ALLOWING THE MORTGAGEE TO <br />REQUIRE PAYMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. <br /> <br />This Assumption Policy Rider is made this 1 st day of A~ril ,19 88 , and is <br />incorpqrated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure <br />Debt (the Ulnstrunient"}ERt1pel1~~~..~~6\{~~Kf\JkY the undersigned (the "Mortgagor")'to secure the Mortgagor's <br />Note (the "Note") of tire UWre ~\U~ k'b <br /> <br /> <br />(the "Mortgag1;:) e~nii~~~ring tha0859ftVW' desc~e~6~3the Instrument and located at: <br /> <br />., (Property Address) <br /> <br />AMENDED COVENANT. In addition to the covenants and agreements made in the Instrument, Mortgagee and <br />Mortgagor further covenant and agree as follows: <br /> <br />The Mortgagee shall, witb the prior approval of the Federal Housing Commissioner, or his designee, <br />declare all sums secured by this mortgage to be immediately due and payable if all or part of the prop- <br />erty is sold or otherwise transferred (other than by devise, descent or operation of law) by the mort- <br />gagor, pursuant to a contract of sale executed not later than ~12 D 24 months after the date on \ <br />which the mortgage is endorsed for insurance, to a purchaser whose credit has not been approved <br />in accordance with the requirements of the Commissioner. <br /> <br />IN WITNESS WHEREOF, the Mortgagor has executed this Assumption Policy Rider. <br /> <br />kll~ <br /> <br />(Seal) <br />Mortgagor <br /> <br />~h' ~ <f\0noihl <br />~ . At It}( ~ <br /> <br />(Seal) <br />Mortgagor <br /> <br />(Seal) <br />Mortgagor <br /> <br />(Seal) <br />Mortgagor <br />(Sign Original Only) <br /> <br />NOTE: If the property is not the principal or secondary residence of the Mortgagor, 24 months will be checked instead of 12 months. <br />(Space below this tine for acknowledgement) <br /> <br />__-621 (81021 FHA Assumption Policy Ri6er ~ Multistate <br />VMP MORTGAGE fORMS. 1313)293.8100 . 18001521-7291 <br /> <br />2/88 <br /> <br /> <br />L <br /> <br />-.J <br /> <br />L <br />