88104795 - Laserfiche WebLink

Browse

88- 10479E 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 31 it day of Aul.it ,19 a& . and is incorporated Into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the Ulnstrument") of the same date given by the undersigned (the "Mortgagor") to secure the Mortgagor's Note (the "Note") of th~ 1fIIll!l9l!f: CORPlIlATIOII (the "Mortgagee") and covering the property described in the Instrument and located at: 916 U. 01.151011 GRJlIII) 15LAH1l HE r.aa01 (PrOperlY Address) AMENDED COVENANT. In addition to the covenants and agreements made in the Instrument, Mortgagee and Mortgagor further coyenant 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 10 be immediately due and payable if nil 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 ~2 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 requirements of the Commissioner. IN WITNESS WHEREOF, the Mortgagor has executed this Assumption Policy Rider. J.lJJ ~~A"'~/ (Seal) HIlI. 51 BSlEY Mongagor 'Tn"', o,~ ~(l ~ (Seal) DAHJl B. BEASLEY rtgagor (Seal) Mortgagor (Seal) Mortgagor (Sign Original Only) NOTE: If the propeny is not the principal or secondary residence of the Mortgagor. 24 months will be checked instead of 12 months. (Space below this line for acknowledgement) .,;521 !88021 FHA Assump1ion Policy Rider - Multis1ale \IMP MOA1GAGE FOAMS. 13131293-8100 . 18001521 1291 2188