Laserfiche WebLink
<br />I <br /> <br />88- 1027)01 <br /> <br />NEBRASKA FHA DEED OF TRUST RIDER <br /> <br />THIS RIDER, dated the ~ day of <br /> <br />MAY <br /> <br />, 19 llli.-.. amends <br /> <br />the mortgage of even date by and between James W. Garretson. a single persQn the <br /> <br />Mortgagor, and the Mortgagee, as follows: <br /> <br />1. Subsection (a) of Paragraph 2 is 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 payments 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 follOtving: "The mortgagee <br />shall, with the prior approval of the Federal Housing Commissioner, or <br />his desi~nee, 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 R- months after the date of a prior transfer of <br />the property subject to 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, James W. Garretson, a single person has set his/her <br />hand and seal the day and year first aforesaid. . <br /> <br />~ tV A:Jd/i-"~ (SEAL) <br /> <br />James W. Garretson <br /> <br />(SEAL) <br /> <br />Signed, sealed and delivered in the presence of <br /> <br />>?'7lz.W4u~c 07 oGdL-fC"1'"G <br />I " <br /> <br />Revised 3/88 <br />For One-Time MIP <br /> <br />Use with HUD-92l43-DT (10-87 Edition) <br />24CFR 203.l7(a) <br /> <br />r <br /> <br />L <br /> <br />L <br /> <br />--1 <br />