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:r 88-102870 FHA ASSUMPTION POLICY RIDER J NonCE: THIS RIDER ADDS A PROVISION TO THE INSTRUMENT ALLOWING THE MORTGAGEE TO REQUIRE PAYMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. This ~umption Policy Rider is made this 3 rd day of June ,19 88 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "lnsttument"LQ!- ~tae same date given by the undersigned (the "Mortgagor") to secure the Mortgagor's Note (the UNote") of t~'Wil~ CORPORATION (the "Mortgagee") and covering the proJ)erty described in the Instrument and located at: 821 W. LOUISE GRRHD ISLAND HE &8801 (Propeny Address) AMENDElJ. COVENANT. In addition to the covenants and agreements mude in the Instrument, Mortgagee and Mortgagor further covenant and agree as follows: The Mortgagce shall, with the prior approval of the Federal Housing Commissioner, or his designee, declare all sums secured by this mortgqe to be immcdiatcly dllC and payable if all or part of the prop- erty is sold or othcrwise transferred (other than by devise, descent or operation of law) by the mort- gagor, pursuant to a contract of sale executed not later than ~12 D 24 months after thr- date on which the mortpge is endorsed for insurance. to a purchaser whose credit has not been approved in accordance with the requirements of the Commissioner. IN WITNESS WHEREOF. the Monpgor has executed this Assumption Policy Rider. ~r.yD. &-; R &OR .1). CHIHGRHI <,4 ElrJ (Seal) Mortgagor l1qij't, [/ (Au1~ (Seal) P€GG~' A. I IJREH 0 Monpgor (Seal) Mortgalor (Seal) Monpgor (Sign Original O~ly) NOTE: I f the property is not the principal Of 5t'COndary residence of the Mortgagor. 24 months will be checked instead of 12 months. (Space below this line for acknowledaement) _.=521 18SOZ1 FHA Assumption Policy Ride, - Multistste VMP MDRTGAGI fORMS . 13131293-1100 . 18llO1!;21-7291 2/88