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<br />88-1022'(1 <br /> <br />MORTGAGE OR DBED OF TRUST RIDER' <br />to FHA Insured Loan <br /> <br />0933253-5 <br /> <br />Thi. Rider. dated the ~ day af <br />a.en~ the Deed of Trust of even <br />" DaleA. Hollibauirh and Lealie L. Hollibaur.;h. <br />C6mmer'eiillFed~i.'al Savin~s and Loan,' Association . <br />CouilDercial":Federill Morcl!:usze Corporation <br />..~fo110..t <br /> <br />Ha v 1911L-. <br />date, by .a'l)d,be1:ween <br />the BOrrClWeJ:'Csh and <br />the Trust.e; and' <br />the Lender. <br /> <br /> <br />On....Ti.e Mortaaae Insurance Premium <br /> <br />1. Sub.ection Ca) of Paragraph 2 is deleted. <br />Z. Sub.ection (c) (1) of Pnraf,)raph2 ia deleted. <br />3. In the third sentence of Paragraph 3. the words ~all <br />pay..nt.s .ade under the provision of (a) of paragraph .2 <br />h.reof which the Lender has nat become obligated to pay <br />to the Secretary of Housjng and Urban Development and" <br />are deleted. <br />4. The fourth sentence of Paragraph 3 ia amended by <br />insertion of a period aft,~r ".., then remaining unpaid <br />under said Note" and deletion of the remainder of the <br />.entence. <br />S. Paragraph 12 is amended by the addition of the followingl <br /> <br />"This option may not: be exprcisnd when the <br />inelig1bility for inslIrancn under the National <br />Hou.tng Act is due to the tender's t'ailu1"e to remi t <br />the .ortgage lnsuranem premium to the Department of <br />Houelng and Urban Development." <br /> <br />ASSUMPTION CLAUSE <br /> <br />The lIlutgagee shall. with the prior approval of the Federal Housing <br />~omm1ssioner, or his ~esignee. de~lare all sums secured by this mortgage to be <br />.l_diately due and payable if all or a part of the property is, sold or <br />otherwise transferred (otber than by devise, descent or operation of law). by the <br />IIOrtgagor. pursuant to a contract of sales executed not later than 12 "months <br />aftu the date of which the !IOrtgage is endorsed for insurance to&:purcliaser <br />whose credit has not been approved in accordance with the requirements of tbe <br />Co.Issioner. <br /> <br />FHA MORTGAGE INSURANCE CERTIFICATE <br /> <br />Should the Federal Housing Administration fail or refuse to issue its <br />insuring certificate within sixty (60) days from the date the loan would <br />norll8lly become eligible for such insurance. tbe holder of the note secured <br />hereby may declare the indebtedness hereby secured at once due and payable. <br /> <br />1M WITNESS WHEREOF. the barrower(sl has set his hand and seal <br />the da, and year flr8t aforesaid. <br /> <br />.&q;~" <br /> <br />or rower <br /> <br />1.;. <br /> <br />.\:" , ,,'~ ,..\ ;,,', '~ <br />.~ - ~ 'c 't 1~ Is \ IR;'h"l'" "1 ' , .~'i....,,_~ <br />Borrower 1..;;';:' .... . .. .........1...106 . :'\. <br /> <br />NebraGka <br />Sta,ec:>>f <br /> <br />. C';uft~i of Hnll <br />:, -:;_",,";1 . <br /> <br />) <br />l ss. <br />l <br /> <br />I, t h <br />Th.''Rf-90l~tJ j,n.t~u~:!!...:8 :~kVS~l~?"l~Yllb'tf?~~IO,!!eLet'l~~~ L.-ttlrt"1 i. baugh. <br />. d\t&fl~~,...~Y wi'!.. ".,'.' ,', <br />Vi,~...Y'''Ia"ci.nd natu!al seal at Grllnd Island <br />in ..id'~ft~Y;'the date aforesaid. <br /> <br />"y ao..l..lon explr..r <br />[.a:*.INO'''1:~.I.ol Nobr. <br />kRl$lIf HOLMSlfDT <br />My c_ E~p, O...12.1~" <br /> <br />-,l\~'tu d~.:"...J't. t{ <br /> <br />Notary Public <br /> <br />TMC- 2)0 ( q C~ ) <br />N~:W '<11111 <br />