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<br />88- <br /> <br />104709 <br /> <br />FHA ASSUMPTION POLICY RIDER <br /> <br />J NonCE: THIS RIDER ADDS A PROVISION TO TilE 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 2b tII day of Au,..t ,19 8& ,and is <br />incorporated inlo and shall be deemed 10 amend and supplement Ihc Mortgage, Dced of Trust, or Dced 10 Secure <br />Debt (the Ulnstrumenttt) of the same date given by the undersigned (the "Mortgagor") (0 secure the Mortgagor's <br />Note (the "Note") of IhililIM- __ CIIlPlIlATlIIt <br /> <br />(the "Mortgagee") and covering the propert)' described in the Instrument and located at: <br />3111 IlEST 17TH 6RAH>> ISlAIm HE 1>8&03 <br /> <br />{Property Addrn~1 <br /> <br />AMENDED COVENANT. In addition to the covenants and agrcemems made in the Instrument, Mortgagee and <br />Mortgagor further covenant and agree as follows: <br /> <br />The Mortgagee shall. with the prior approval of the Federal Housing Commissioner. or his designee. <br />declare all sums secured by this mortgage (0 be immediately due and payable if all or part of the prop- <br />erty is sold or otherwise transferred (other than by de\'ise, descent or operation of law) by the mort- <br />gagor ~ pursuant to a contract of sale executed nol ia.u:r than CJN 2 024 months after the date on <br />which the mortgage is endorsed for insurance. to a purchaser whose credit has not been approved <br />in accordance with the requirements of the Commissioner. <br /> <br />IN WITNESS WHEREOF. the Mongagor has exccUled thi, Assumption Policy Ridcr, <br /> <br />~Id~ <br />I . /Ij[ /1 (Seall <br />ST. Mongagor <br /> <br />~/VY\ t-e..\Cji;o' 111f:::tc..L(sea,l <br />K1ftBERl y j, Mortgagor <br /> <br />(Seal) <br />Mortgagor <br /> <br />(Seal) <br />Mortgagor <br />(Sign Original Only) <br /> <br />NOTE: If the property is not the principal or !oecondary rC!oIdencc of the Mongagor, 24 month!i will be checked instead of 12 months. <br />ISpace below lhi!. line for acknowledgement! <br /> <br />..:521 188021 FHA Assumpllon Policy Rlder - MultiS1Ble <br />VMP MORTGAGl FORMS. IJ1JI293-BI=:JO . 1900l!i21 n91 <br /> <br />2/88 <br />