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<br />FHA MORTGAGE RIDER <br />(Assumption Rlder) <br /> <br />88- 102604 <br />79338-1-20 <br /> <br />THIS FHA ASSUMPTION RIDER Is made this 20th day of May 1988 , and <br />is incorpormed Into and shall be cIMmed to lIITIend and supplement the Mortgage. Deed of Trust or Security Deed (the "Security Instrument") <br />of the same cate given by the underaigned Mortgagor (Trustor), to seaJre Mortgagor's (Trustor's) Note to <br />First Federal Savings and Loan Association of Lincoln <br />Mortgagee (Trustee) 01 the same date and covering the propeI1y deacribed IS follows: <br /> <br />Lot Seven (7), Block Two (2). Colonial Estates Subdivision, to the City of <br />Grand Island, Hall County. Nebraska. <br /> <br />and whose Iddress Is <br /> <br />1128 North Hancock <br /> <br />Grand, Island, Nebraska 68803 <br /> <br />Progeny Aa~IlSS <br /> <br />The mortgagee shall, with the prior approval of the Federal Housing Commissioner, or his designee. declare <br />all sums secured by this mortgage to be 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 of law) by the mortgagor, pursuant to a <br />contract of sale executed not later than 12 months after the date on which the mortgage is endorsed for insur- <br />ance, to a purchaser whose credit has not been approved in accordance with the requirements of the eo..issloner. <br />[If the property is not the principal or secondary residence of the mortgagor. "24 months" must be substituted <br />for "12 months."} <br />Executed thil <br /> <br />20th <br /> <br />dcy of <br /> <br />May <br /> <br />1988 <br /> <br />by <br /> <br />, . <br /> <br />~/lf.~/, ; <br />Ii' cU.~nQ )(7j~d-t.AJ&.i~./ <br /> <br />Elaine L. Steinbeck <br /> <br />STATE OF NEBRAS1KAl t ss. <br />COUNTY OF Ha r <br />On the 20th day ot May <br />before me, a Notary Publlc In and for said <br /> <br />Pett~~r%tW~Steinbeck and Elaine L. <br /> <br />Steinbeck, <br /> <br />, A.D. Nineteen Hundred and <br />County, State of <br /> <br />husband and wife, <br /> <br />Eighty-Eight <br />Nebraska <br /> <br />to me know'l:.boe~ the person(s) nlmed and who executed the foregoing instrument and acknowledged that <br />same as voluntary let and deed. <br /> <br />they have <br /> <br />executed lhe <br /> <br />My Commission expires <br /> <br />Notary Public In and lor said County <br />