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r J L . -_:. .:._-"-- _.._-~-..;-_._- . ,......._-"'-'-~ I 88-10354:3 FHA ASSUMPTION POLICY RIDER NOTICE: THIS RIDER ADDS A PROVISION TO THE INSTRUMENT ALLOWING THE MORTGAGEE TO REQUIRE PAYMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PAIlT OF THE PROPERTY. This Assumption Policy Rider is made this 30 th day of JUne . 19 88 , and is incorporated into and shaD be deemed to 'amend and supplement the Mortgage. Deed of Trust, or Deed to Secure Debt (the "Instrument") of the same date given by the undersigned (the "Mortgagor") to secure the Mortgagor's Note (the "Note") of t~ lIJImiIiE. CORPOllATItW (the "Mortgagee") and covering the property described in the Instrument and located at: RT. I, BOX 90A WOOD RIVER tE 68883 .. (Property Address) AMENDED COVENANT. In addition to the covenants and agreements made in the Instrument, Mortgagee and Mortgagor further covenant and agree as follows: 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 part of the prop- erty is sold or otherwise transferred (other than by devise. descent or operation of law) by the mort- gagor, pursuant to' a contract of sale executed not later than CUl2 D 24 months after the date on which the mortgage is endorsed for insurance, to a purchaser whose credit has not been approved in accordance with the requirements of the Commiss!oner. IN WITNESS WHEREOF, the Mortgago~ has executed this Assumption Policy Rider. Zk.4/& ...4- (Seal) Mlom Mortgagor ~~-/-L (Seal) Mongagor (Seal) Mortgagor (Seal) MortgagOr (Sign OrigifUll Only) NOTE: If the property is not the principal or secondary residence of the Mortgagor. 24 months will be checked instead of 12 months. (Space below this line for acknowledgement) .,;621 IB8021 FHA Assumption PollcV Rider - Multistete VMP MORTGAGE FORMS. 13131293,8100 . 18001621.7291 2188 L ~