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88- 105911 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 21 th day of October . 19 88 I and is incorporated into and shall be deemed to amend and supplement the Mongage. Deed or Trust, or Deed to Secure Debt (the "Instrument") of the same date given by the undersigned (the "Mortgagor") to secure the Mongagor's Note (the "Note") of t~lllHc ~ CORPORATIOH (the "Mortgagee"I and covering the property described in the Instrument and located at: 7e H. SYCllIIORE GRAND ISUlHD HE 6ll801 (Property Address) AMENDED COVENANT. In addition to tht covenants and agreements made in the Instrument. Mortgagee and Mortgagor 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 payable if all or part of the prop~ eny is sold or otherwise transferred (other than by devise. descent o~eration of law) by the mon- gagor, pursuant to a contract of sale executed not later than D12 ~24 months afterthe 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. IN WITNESS WHEREOF, the Mortgagor has executed this Assumption Policy Rider. i(lt.J~tb~ (Seal) J Mongagor (Seal) Mortgagor (Seal) Mortgagor (Seal) Mongagor (Sign Original Only) NOTE: If the property is not the: principal or secondary residence of the: Mongagor. 24 months wi1l be checked instead of 12 months. (Space: below this line for acknowledgement) ...;521 188021 FHA Assumption Policy Rider - MultistBle VMP MORTGAGE FORMS. C3131293-B1oo . IBOOIS21-7291 2/88