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<br />88-105748 <br /> <br />FHA ASSUMPTION POLICY RIDER <br /> <br />J NOTICE: THIS RIDER ADDS A PROVISION TO THE INSTRUMENT ALWWING 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 25 lh day of lIetobor ,19 sa , and is <br />incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, OF Deed to Secure <br />Debt (the "Instrument") of the same dale given by the undersigned (the "Mortgagor") to secure the Mortgagor's <br />Note (the "Note") of thliEli& --= CORPORATIlIl <br /> <br />(the "Mortgagee") and covering the property described in the lnstrument and located at: <br />1314 ERST STREET IDID RI~R HE 6B883 <br /> <br />(PropertY Address) <br /> <br />AMENDED COVENANT. In addition to the covenants and agreements made in the Instrument, Mortgagee and <br />Mongagor 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 to be immediately due and payable if all or part of the prop- <br />erty is sold or otherwise transferred (other than by devise, descent or operation of law) by the mort- <br />gagor. pursuant to a contract of sale executed not later than []l12 D 24 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 Mortgagor has executed this Assumption Poliey Rider. <br /> <br />-4V .,-;.,// / ../ .' ---i:, y} J. l / <br />/0',~./(. .//y .J;:.;P (Seal) /J(c...U! a ~ to(j (Seal) <br />~ Mlam A. soro Mortgagor ~UIJRA "' SOTO 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 secondary residence of Ihe Mortgagor, 24 months will be chttked instead of 12 months. <br />(Space below this line for acknowledgement) <br /> <br />0,;62'1 lelO~t FHA Assumption PolicV Rider - Multistate <br />VMrMD"TGIl.Gt FOfIUS - 1:1'31'113-8100 . 180015.21-1281 <br /> <br />2/88 <br />