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~~l.~tb 102798 FHA MCiRTGAGE RIDER (Assumption Rider) 88-102604 79338-1-20 I" THIS FHA ASSUMPTlaN RIDER Is made this 20th day of May 1988 , and is incorporated into and shd be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Securityulnstrument") of the same date given by the undersigned Mortgagor (Trustor), to secure Mortgagor's (Trustor's) Note to First Federal Savings and Loan Association of Lincoln Mortgagee (Trustee) of the same date I!J1d covering the property dB$cribed as foilows: Lot Seven (7), Block Two (2), Colonial Estates Subdivision, to the City of Grand Island, Hall County, Nebraska. and whose address is 1128 North Hancock Grand Island, Nebraska 68803 Property Address '.'J The mortgagee shall. with the prior approval of the Federal Housing Commissioner. or his designee. declare all sums secured by this mortgage to be immediately due and payable if all or a part of the property is sold or otherwise transferred (other than by devise. descent. or operation of law) by the mortgagor, pursuant to a cont~act of sale executed not later than 12 months after the date OIl which the mortgage is endorsed for insur- ance, to a purchaser whose credit has not been approved in accordance with the requirements of the Commissioner. [If the property is not the principal or secondary residence of the mortgagor. "24 months" must be substituted for "12 months."] Otecuted this 20th day of May 1988 by ') Elaine L. Steinbeck STATE OF NEBRASKA COUNTY OF Hall On the 20th day o[ May before me, a Notary Public in and for said Perg~'h~~~er:d Steinbeck and Elaine L. } 55. Steinbeck, , A.D. Nineteen Hundred and County, State of husband and wife, Eighty-Eight Nebraska they have executed the to me knO~~e~ the person(s) named and who eKecuted the foregoing Instrument and acknowledged that same as voluntary act and deed. My Commission expires Jl _.~.. - CONNIE" BALE' IIr CIM &f. fit 11. ,. &?~n-/./ ~ ~~~~ Notary Public in and for said County