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88_105037 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 13 th day of Septetber . 19 88 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Instrument") of the same date given by the under!ligned (the "Mortgagor") to secure the Mortgagor's Note (the "Note") of tt/i.E!lliJllV. ~ CORPORATlOH (the "Mortgagee") and covering the property described in the Instrument and locDled at: 411 H. GAACE GAAIIII ISlAHD HE r,ee03 (ProperlY Address) IlMENDED COVENANT. In addition to the covenants and agreements made in the Instrument, Mortgagee and Mor.gagor further covenant and agree as follows: The Mongagee shall, with the prior apprcial of the Federal Housing Commissioner, or his designee, declare all sums secured by this mortgage to be immediately due and payable if aU or part of the prop- erty is sold or otherwise transrerred (other than by devise. descent or operation of Jaw) by the mort- gagor, pursuant to a contract of sale executed not later than ml2 D 24 months after the date on which the mongage is endorsed for insurance. to a purchaser whose credit has not been approved in accordance with the requirements of the Commissioner. /111J2t 1-Jw. (} (J1.m..,,.'j.fh---- (Seal) IlARSIlll 1. PETERsEH Mortgagor (Seal) Mortgagor (Seal) Mortgagor (Sign Original Only) NOTE: Irthe property is not the principal or secondary residence or the Mortgagor, 24 months will be checked instead or 12 months. (Space below this line for acknowledgement) ____521 tB8021 FHA Assumption Policy Rider - ry!ultistate VMP MORTGAGE FOHMS . 13131293.B1oo . IBooI521-1291 2/68