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8$-- 102778 <br />Rider to mortgage /Deed of Trust <br />This rider supplements and amends the mortgage /Deed of Trust of even date <br />herewith by and between Home Federal Savings and Loan Association of Grand <br />Island as mortgage /Beneficiary and Chris W. Pedersen and <br />Teresa L. Pedersen , husband and wife, and <br />, a single person, and , a single <br />person as Mortgagors /Grantors, and this rider is incorporated in and by re- <br />ference made a part of the aforesaid mortgage /Deed of Trust, as follows: <br />The mortgagee shall, with the prior approval of the Federal <br />Housing Commissioner, or his designee, declare all sums se- <br />cured by this mortgage to be immediately due and payable if <br />all or part of the property is sold or otherwise transferred <br />(other than by devise, descent or operation of law) by the <br />mortgagor, pursuant to a contract of sale executed not later <br />than 12 months after the date on which the mortgage is en- <br />dorsed for insurance to a purchaser whose credit has not been <br />approved in accordance with the requirements of the commissioner. <br />In witness whereof, Mortgagors /Grantors have executed this rider this <br />27th Day of May 198B . <br />May 27, 1988 a <br />DATE Chris W. Pedersen <br />May 27, 1988 <br />DATE <br />DATE <br />DATE <br />Teresa L. Pedersen <br />