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<br />8i- <br /> <br />102295 <br /> <br />NEBRASKA FHA DEED OF TRUST RIDER <br /> <br />nlIs RIDER. dated the .6.th.- day of M..y. 19.8.8..-- amends <br />Michael J. Sc~~14er~nd Cytlthia J. <br />the mortgage of even date by and between ~hn...id~r. hnAhJlnd.nd wi.fe . the <br /> <br />Mortgagor. and the Mortgagee, as fallows ~ <br /> <br />1. Subsection (a) of Paragraph 2 1~ deleted. <br /> <br />2. Subsection (c) (1) of Paragraph 2 is deleted. <br /> <br />3. In the third sentence of Paragraph 3. the words "all paymeats made <br />under the provisions of (a) of paragraph 2 hereof which the Lender has <br />not become obligated to pay to the Secretary of Housing and Urban <br />Development and" are deleted. <br /> <br />4. The fourth sentence of Paragraph 3 is amended by insertion of a period <br />after "...then remaining unpaid under said Note" and deletion of the <br />remainder of the sentence. <br /> <br />5. Paragraph 12 is amended by the addition of the following: "This <br />option may not be exercised when the ineligibility for insurance <br />under the National Housing Act is due to the mortgagee's failure <br />to remit the mortgage insurance premium to the Department of Housing <br />and Urban Development." <br /> <br />6. This mortgage is amended by addition of the following: "The mortgagee <br />shall. with the prior approval of the Federal Housing Commissioner, or <br />his designee, declare all sums secured by this mortgage to be <br />immediately due and payable if all or a part of the property is sold <br />or otherwise transferred (other than by devise. descent or operation <br />of law) by the mortgagor, pursuant to a contract of sale executed not <br />later than 12 months after the date of execution of this mortgage <br />or not later than 12 months after the date of a prior transfer of <br />the property subje~ this mortgage. to a purchaser whose credit has <br />not been approved in accordance with the requirements of the Commissioner." <br /> <br />IN WITNESS WHEREOF. the undersigned <br />hand and seal the day and year first aforesaid. <br /> <br />has set hiS/her <br /> <br /> <br />C <br />gned, sealed and delivered in ~he presence <br /> <br />vf(y2/~{ 1) } (~k~-) l- <br /> <br /> <br />(SEAL) <br />(SEAL) <br /> <br />f <br />/ <br /> <br />Revis~ 3/88 <br />For One-Time HIP <br /> <br />Use with HUD-92143-DT (10-87 Edition,') <br />24CFR 203.17 <,1 <br /> <br />"t( <br />