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<br />MORTGAGE OR DEED OF TRUST RIDER <br />to FHA Insured Loan <br /> <br />0933300-0 <br /> <br />88- <br /> <br />103064 <br /> <br /> <br /> <br />of <br />even <br /> <br />J\lne. 19..!lL-, <br />date by and between <br />the Borrower(s). and <br />the Trust.e. and <br />the Lender. <br /> <br />Thi. <br />a.end. <br /> <br />One~Ti.e "orta.ae Insurance Premium <br /> <br />1. Subsection (a) of Paragraph 2 is deletQd. <br />2. Subsection (c) (I) of Pnragraph 2 i13 deleted. <br />3. In the third ..ntenc~ of Paragraph 3, thA words -all <br />pay..nt. .ade under thQ provision of (a) of paragraph 2 <br />hereor which the Lender has not become obligated to poy <br />to the Secr.tary of Housing and Urban Develop.ent and- <br />ar. deleted. <br />4. The rourth sentence of P31'@gl-aph 3 1a amended by <br />insertion of a period aft,,,!. -... then remaining unpa~d <br />under said Note- and deletion of the re..inder of the <br />sentence. <br />s. Paragraph 12 is amended by the addition of the followings <br /> <br />.. <br /> <br />-This option may no~ be p-x~rcisnd when the <br />ineligibility for insurance und~r the National <br />Housing Act is due to the Lender's failure to r..it <br />the .ortgage insuranc~ prA.ium to the Department of <br />Housing and Urban Developmpnt.- <br /> <br />ASSUMPTION CLAUSE <br /> <br />The !IOrtgagee shan, with the prior approval of the Federal liousing <br />Co.m.ssionel:, or his de.ignee, declare all su_ secured by this lIOrtgage to be <br />i_diately due and payable if aU or a part of the property is sold or <br />otherwise transferred (other than by devise, descent or operation of law) bytbe <br />!IOrtg.gor, pursuant to a contract of sales executed not later than ~ aonths <br />after the date of which the aOl:tsage 1s endorsed for insurance to a purchaser <br />whose credit ha. not been approved in. acccordance with the require_nts of the <br />Co.ussioner. <br /> <br />FHA MORTGAGE INSURANCE CERTIFICATE <br /> <br />Should the Federal Rousing Adll1nistratton fail or refuse to issue its <br />insuring certificate within sixty (60) days frail the date the loan would <br />norlllally becoDl! eligible fOI: such insurance, the holder of the note secured <br />hereby ..y declare the indebtedness hereby secured at once due and payable. <br /> <br />1M VITMESS WHEREOF, the borrowp.r(s) has set his hand and seal <br />the da7 and y.ar first aforesaid, <br /> <br /><::Y ~ ;;( hh 'iY <br />Borro Gary L. Wiese <br /> <br /> <br />~'l t,d{ ~. Um~ <br /> <br />orrower Michelle . muth <br /> <br />State o~ <br />Count.7 o~ Hall <br /> <br />Nebraska <br /> <br />ee. <br /> <br />The ~or8901n9 inetru.ent wan aeknowledged before .. this ~ <br />day of June . 19~ by Gary L. Wiese and Michelle K. Demuth, <br />bothalnale pel:sons <br />Vit.aee. .y hand and notarial lU!\1I1 at Grand Island <br />in .aid oount7. t.he date atore.aid. <br /> <br />"r eoaai..1on expires. <br /> <br />~ lM,1~,$ <br /> <br />Notary Public <br /> <br />IJ;GtHr.INOI.';" ~~;:-ui-N-:br.. <br />KRIS II HOLM~ HOT <br />I MrCo..", hI> l>ec,12,tflf <br /> <br />TMC- 230 (qc) <br />NEW 4/88 <br />