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88- FHA ASSUMPTION POLICY RIDER 104711 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 mndc this 2(, th dny of AUlust . 19 66 . and Is incorporated into and shall be deemed to amend and supplement the Mongage, Deed of Trust, or Deed to Secure Debt (the "InstrumcnC') of the same dnt~_gi~~n lJ.Y the undersigned (the "Mortgagor") to secure the Mortgagor's Note (the "Note") of 1~1IlfIIe~ I:lIRPIlRATllIIt (the "Mongagee") and covering the PIQpertY..9cscribed in the Instrument nnd located at: 319 1IE51 IeTH 6RAIID ISlAHD HE [,6601 (Prop~rty Addre5~' AMENDED COVENANT. In nddition to the covenants and ngrcements made in the Instrument, Mortgagee and Mongagor 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 to be immediately due and pJ.yable if all or part of the prop- erty is sold or otherwise transferred (other than by devise, descent or operation of law) by the mort~ gagor, pursuant to a contract of sale executed not later than ~12 D 24 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 requiremems of the Commissioner. ~('+\~ IJ,. V'1\ 1 ~k, (Seal) Y L. ftlHltICK Mortgngor IN WITNESS WHEREOF, the Mortgagor has cxccutcd this Assumption Policy Rider. ~~ .. fiJ) 51 L, ftlHlt /1~J1}l1cL (Seal) Mortgagor (Senl) Mortgagor (Seal) Mortgagor (Sign Original Only) NOTE: If the property is not the prinl..;pa.1 or ~crondllry resilience of Ihe Mongagur, 24 month~ will be checked inslead of 12 month!>. (SPlllo':t' below Ihl~ )jut' ror lu:knowledgement) ..:521 18B011 FHA Aasumption Polley Rider - Multislate liMP MORTGAGE FORMS. 131312938100 . 180015217291 2/88