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-I 88-106191 FHA ASSUMPTION POLICY RIDER J NonCE: 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 17th day of November , 1988 . and is incorporated into and shall be deemed to amend and supplement the Mortgege, Deed of Trust, or Deed to Secure Debl (the "Instrument") of the same date given by the undersigned (the "Mortgagor") 10 secure the Mortgagor's Note (the "Note") of the same date to Cent ral Mortgage Corporat ion (the "Mortgagee") and covering the property described in the Instrument and located at: 312 N. Custer, Grand Island, NE 68803 (Property Address) AMENDED COVENANT. In addition to the 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 10 be immediately dtle and payable if all or part of the prop. erty Is sold or otherwise transferred (other thau by devise, descent or operation of law) by the mort. gagor, pursuant to a contract of sale executed nol laler than 1XX112 D 24 montbs after the date on which the mortglge is endorsed for insurance, 10 a purchaser whose credit has nol been approved in accordance with Ihe requirements of the Commissioncr. IN WITNESS WHEREOF, the Mortgagor has executed this <:\ssumptlon Policy Rider. 4:~~y P~B A7~.'L Mort~~~~~ (Seal) Mortgagor (Seal) Mortgagor (Seal) Mortgagor (Sign Original Only) NOTE: If the property 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) 8.;&21 188021 FHA Assumption Policy Rider - Multlstate VMP MORTGA.GE FORMS. 13131293-8100 . 18001521-7291 2/88