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88- 104755 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 Assumption Policy Rider is made this 30 th day of Auluot ,19 88 ,and is incorporaled inlo and shall be deemed to amend and supplement the Mongage, Deed of Trust, or Deed to Secure Debt (the "Instrument") of the same date given by the undersigned (the "Mortgagor") to secure the Mortgagor's Nole (the "Nole") of thl;EWlMl, 1YIll~ CORPORllTlDH (the "Mortgage'il;?3~n~i~lering thewbir~~~~ descri~ed~~he Instrument and located 01: (Property Address) AMENDED COVENANT. In addition 10 the covenants and agreements made in the Instrument, Mortgagee and Mortgagor fun her covenam and agree as follows: The Mortgagee shall, with the prior approval of Ihe Federal Housing Commissioner. or his designee. declare all sums secured by this mongage to be immediately due and payable if all or pan 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 C!Jt2 D 24 momhs after the date on which the mortgage is endorsed for insurance. fa a purchaser whose credit has not been approved in accordance with the requirements of the Commissioner. ?-'~'" O~' M'"~':::'='" ~~:;~;~~J::~ , KAYE I. IIOAHE MOr1gagor CIlTHY J (Seal) Mongagor (Seal) Mortgagor (Seal) Mongagor (Sign Original Only) NOTE: If !.he properly is n01 the principal or secondary residence of the MOrlgagor. 24 months will be checked instead of 12 months. (Space below Ihis line for acknowledgement) ..:521 l88011 FHA Assumption Policy Rider - Multlstate VMP MOR1GAGE FORMS ~ 131312938100 . 18001521 1191 2/88