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<br />88 RE.RECORDED <br />- 104632 <br /> <br />88-104447 <br /> <br />FHA ASSUMPTION POLICY RIDER <br /> <br />J <br /> <br />NOTICE: THIS RIDER ADDS A PROVISION TO THE INSTRUMENT ALLOWING THE MORTGAGEE TO <br />REQUIRE PAYMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. <br /> <br />This Assumption Policy Rider is made this 12 th day of Anlnit ,19 8& . and is <br />incorporated into and shall be deemed to amend and supplement the Mongage, Deed of Trust, or Deed to Secure <br />Debt (the" Inslrument ") of Ihe same dale givell by the llndersiglled (Ihe "Mongagor") to secure the Mongagor's <br />NOle (Ihe "Nole") of th~ (giN CUIlPIIlATlOH <br /> <br />(Ihe "MOngagee;~5a~vering IheQ'i~escr~ed~~he Illstrument alld located al: <br /> <br />(ProperlY Address) <br /> <br />AMENDED COVENANT. In addilion to the covellants and agrecmellts made ill the Instrument, Mongagee and <br />Mongagor funher covenant and agree as follows: <br /> <br />The Mongag.., shall, with the prior approval of the Federal Housing Commissioner, or his designee, <br />declare all sums secured by this mortgage to be immediately due and payable if all or pan of Ihe prop- <br />eny is sold or otherwise trallsferred (other t~nn by deyise, descent or opcratilln of law) by Ihe mon- <br />gagor, pursuant to a contract of sale executed llotlater than c::9I2 D 24 months after Ihe dale Oil <br />which the mongage is endorsed for insurance, 10 a purchaser whose credit has not heen approved <br />in accordance:' with the requirements of the Commissioner. <br /> <br />IN WITNESS WHEREOF, t,r Mongagor has executed this Assumptioll_Poliey Rider. <br /> <br />-==--.~ 04_ h () I~ <br />~ . j ~ (Seal) t,t/; /. at. <br />MIIIEl A. IER5Il Mongagor BETH A. HEIlSH <br /> <br />(Seal) <br />Mongagor <br /> <br />(Seal) <br />Mongagor <br /> <br />(Seal) <br />Mongagor <br />(Silln Original Only) <br /> <br />NOTE: If the propen)' is not Lhe principal or !.C'COndof}' ro.idem:e of the M0l'16DIOr, 24 mOnlh. will be checked imtead of 12 months. <br />(Space below thi!i line: for acknowledllcnu:nO____ <br /> <br />..:52' 11802'1 FHA Assumption Policy Rider - MultisUlle <br />\IMP MORTGAGE FORMS. 1]1]12938100 . IBOOI511 7291 <br /> <br />2/88 <br />