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88-104565 FHA ASSUMPTION POLICY RIDER J NOTICE: THIS RIDER ADDS A PROVISION TO THE INSTRUMENT ALLOWING THE MORTGAGEE TO REQUIRE PA YMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. This Assumption Policy Rider is made this IS tll day of August ,19 e& , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Instrument") of [he same date given by the undersigned (the "Mortgagor") [0 secure the Mortgagor's Note (the "Note") of IhiQIIM 111J11PtIiE ClIlPOAATJOlt (the "Mortgagee") and covering Ihe property described in Ihe Instrument and located al: 217 HlX.COIIB 6RIIHJ) ISUlIII) lIE 68&01 (Property Addres!i) AMENDED COVENANT. In addition to the covenants and agreements made in Ihe Inslrument, Mortgagee and Mortgagor further covenanl and agree as follows: The Mortgagee shall, with Ihe prior approval of lhe Federal Housing Commissioner, or his designee, declare all sums secured by this mortgage 10 be immedialely due and payable if all or part of the prop- erty is sold or otherwise transferred (01 her than by devise, descent or operation of law) by the mort- gagor, pursuant 10 a contract of sale executed not later than CDI2 024 momhs afler the date on which Ihe mortgage is endorsed for insurance, 10 a purchaser whose credit has not been approved in accordance with Ihe requirements of lhe Commissioner. IN WITNESS WHEREOF, Ihe Mortgagor has execuled Ihis Assumption Policy Ridcr. ~~j LJ ~~seal) RIIlALll Y. 5CIIlOEDER Mortgagor -=-f(ri. V L':: h ) <:; L \-.i.McU ,.J (Seal) KATIUEH ". 5CIIlOEDER MOrlgagor (Seal) MOrlgagor (Seal) Mortgagor (Sign Original Only} NOTE: If the propeny is nOI che princ;ipul or ~C'condary residence or 1111: Mortgagor. 24 months will be chC'Ckal instead of 12 monlhs. (Space below this line for ad:nowledgemenlt ....521 188021 FHA AssumptiDn Pallev Alder - Multllll!1te VMPMDRTG....GE FOAMS. 13131293.8100 . 180015211291 2/88 w