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<br /> <br /> <br /> <br /> <br />TRANSFER OF PROPERTY RIDER <br />, TO DEED OF TRUST/MORTGAGE <br /> <br />This Transfer of Property Rider is made this 2 9 t h day of A pr it 1988 <br />provisions of the Deed of Trust/Mortgage. (the "Security Instrument") aCthe same date. by <br /> <br /> <br />- <br /> <br />Christie J. Roy <br /> <br />. the TrustorslMOI"tpjors. <br /> <br />The Equitable Building and Loan A-ssociation, Grand Islan\i&he Beneficiary/Mortgagee. as follows: <br /> <br />Adds the following provision: <br />1be mortgagee shall. with the prior approval of the Federal Housing Commissioner. or his designee. declare all sums .secured <br />by this mortgage to be immediately due and payable if all or a part oCthe property is sold or otherwise transCerred (other <br />than by devise. descenI or operation of law) by the mortgagor. pursuant to a contract of sale executed not Jatertban 12 · <br />months after the date on 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 />(.U the property is the principal or secondary residence of the mortgagor enter "12". if the property is ~Ibe~ <br />or secondary residence of the mortgagor. "24" must be entered.) <br /> <br />IN WITNESS WHEREOF. Trustor/Mortgagor has executed this Transfer of Property Rider. <br /> <br /> <br />FORM 2994 (1lGln, <br /> <br />r:s I!r:T':I '0 IWtKII1ft ('At ~"..t ,.u .&\iNl"'~ M: <br />l:..I:1.:.&dltul 'on.,..~MI3 . U1' ;QOOI3'II&Rtil" f_tk~"J-~ <br /> <br /> <br />l' <br /> <br />r <br />~ <br />