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88-- 103617 FHA ASSUMPTION POLICY RIDER J NOTICE: 1'mS RIDER ADDS A PROVISION TO THE INSTRUMENT ALLOWING THE MORTGAGEE TO REQmRE PAYMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. This Assumption Policy Rider is made this 1 st day of July ,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 "Instrument"yof the same dat~ ~ven by the undersigned (the "Mortgagor") to secure the Mortgagor's Note (the "Note") of t~ ~ CORPORATION (the "Mortgagee") and covering the property described in the Instrument and located at: 50S NEST AVENUE GRAND ISLAND HE 68803 (property Addreas) 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 [!!12 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 Commissioner. ~/(./$~ "ICHAEL K. BRONH IN WITNESS WHEREOF, the Mortgagor has executed this Assumption Policy Rider. ~A '#~JUeiO(S<aI) ~ . BROIIH Mortgagor (Seal) Mortgagor (Seal) Mortgagor (Seal) Mortgagor (Sign Original 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 188021 FHA A8sumptlon PollcV Rider - Multlstate VMPMORTGAGE FORMS. 13131293.8100. 18001521.7291 2/88