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88- FHA ASSUMPTION POLICY RIDER 10412E J 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 PART OF THE PROPERTY. This Assumption Policy Rider is made this 28 th day of July ,19 86 t and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (tbe "Instrument") of the same date_g~ven by the undersigned (the "Mortgagor") to secure the Mortgagor's Note (the "Note") of t~" ~ CIIIlPOIIATIIlH (the "Mortgagee") and covering the property described in the Instrument and located at: 1709 H, TAYLOR 6RAIID lSlAHJ) HE 68803 (Property Addre.., AMENDED COVENANT. In addition 10 Ihe covenants and agreements made in the Instrumenl, 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 10 be immediately due and payable if all or part of the prop- erty is sold or otherwise transferred (olher Ihan by devise. descent or operation of iaw) by the mort- gagor, pursuant 10 a conlract of sale executed nOllater than [!!12 024 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 Ihe Commissioner. IN WITNESS WHEREOF. the Mortgagor has execuled this Assumption Policy Rider. )1,lav:..Q., ~~ TIIlIAII A. GIMlE (Seal) Mortgagor ~(..'i_U,lo\ ') '-In, 0"uH1~ (Seal) EM ft. IiR\JlE I Mortgagor (Seal) Mortgagor (Seal) Mortgagor (Sign Original Only) NOTE: I f the property is not lhe principal or =ondary residence of the Mortgagor. 24 months will be checked iltllead of 12 months. (Space below Ihis line for acknowledsement) ....1121 111802. FHA Assumption Policy Rider - Multiot8\e VMP MORTGAGE FORMS. 13IJI283.1100 . 18001521.7291 2/88