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<br />8_8... <br /> <br />102828 <br /> <br />FHA ASSUMPTION POLICY RIDER <br /> <br />J NOTICE: THIS RIDER ADDS A PROVISION TO THE INSTRUMENT ALLOWING THE MORTGAGEE TO <br />REQUIRE PAYMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OFUIE'PROPERTY. <br /> <br />This Assumption Policy Rider is made this 1 st day of June , 19 sa , and is <br />incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure <br />Debt (the "lnstrument'k~hJl1t~~~~y the undersigned (the UMortgagor") to secure the Mortgagor's <br />Note (the "Note") of t~~ ~e a'ate"lo <br /> <br />(the "Mongag%'4} ~ffi, ~firin8 th&R2W~~Ddesc~retlaAe3the Instrument and located at: <br /> <br />(Properly Address) <br /> <br />AMENDED COVENANT. In addition to the covenants and agreements made in the Instrument. Mortl8lee and <br />Mortgagor funher covenant and agree as follows: <br /> <br />The Mortgagee shall, with the prior approval of the Federal HousinJ Commissioner, or his designee. <br />declare all sums secured by this mortgage to be immediately due and payable if all or part of the prop- <br />erty is sold or otherwise transferred (other than by devise, dCSEH!.t or operation of law) by the mQrt- <br />gasor. pursuant to a contract of sale executed not later than 012 D 24 months after the date on <br />which the mongage is endorsed for insurance. to a purchaser wbose credit has not been approved <br />in accordance with the requirements of tbe Commissioner. <br /> <br />IN W1ZHEREOF. l~;, 'Z...or ~..'cuted ~:j;O. a~' <br /> <br />/ / '" .... \........ '1 01, <br /> <br />(~n__ /t'lJ {f!f;;/ i {SeaI;---~ firJ-- (i t) (Seal) <br />j LL . 1h t:. Mongagor . . 'Mortpaor <br /> <br />(Seal) <br />Mongagor <br /> <br />(Seal) <br />Mortpaor <br />(Sign Original Only) <br /> <br />NOTE: If the property is nOllhe principal or secondary residence of the Monlllor. 24 monlhs will be clIec:ked instead of 12 months. <br />(Space below this line for acknowledlement) <br /> <br />..;821 (111021 FHA Assumption Policy Ride, - Multlstate <br />lIMP MORTGAGE FOIWIS . (3131293,8100 . 1IlOO1521,7291 <br /> <br />2/88 <br />