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88- 104637 FHA ASSUMPTION POLICY RIDER 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 Assumptioll Policy Rider is made this 19 tb day of AuI.1t ,19 M . and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secme Debt (the "Illstroment") of the same date given by the undcrsigned (the "Mortgagor") to secure the Mortgagor's Note (the "Note") of thi~ IIIUGIWiE CIlRPDRATIOH (the "Mortgagee") and covering the property described in the Instrument and located at: 2523 W. KlEJIIG GRAIID lSUlIID HE fta603 (ProperlY Addressl AMENDED COVENANT. III addition to the eoyellants alld agreemems made illlhe Instrument, Mortgagee and Mortgagor further eovenam and agree as follows: The Mortgagee shall, with tite 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 thall hy devise. descent or operation of law) by the mort- gagor, pursuant to a contract of sale execnted not later than Cil:l2 0 24 months after the date Oil which the mortgage is endorsed for insurance, to a purchaser whose credit has not been approved in accordance with the requirements of the Commissioner. IN WITNESS WHEREOF. the Mortgagor has executed this Assumptioll Policy Rider. /t~}j ~,jl~.~ STEVE H. RICHNlII (Seal) Mortgagor jJ/f).Jjl'1 ~ Adl/l.ll.i~ GUIllA I. R CltlAH (Seal) Mort gagor (Seal) Mortgagor (Seal) Mortgagor (Sign Original ani)') NOTE: If Ihe proper1Y l\ nolthe pnnclpal or Il,-'\:ondar)' residcm:e of the: Mortgagor, 24 months will be checked instead of 12 months. _~ ~_~ ___~____(Space below this line for acknowledgcmcnI} __.521 188021 FHA Assumption PoliC',l Ride' - Multistate \iMP MOR1GAGE fOhMS . 13131293-8100 . 1800IS2\ 7291 2/88