88106336 - Laserfiche WebLink

Browse

88-10633e FHA ASSUMPTION POLIcynRlDER J NOTICE: TIns RIDER ADDS A PROVISION TO THE INSTRUMENT ALWWING THE MORTGAGEE TO REQUIRE PAYMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. This Assumption PoUcy Rider is made this 26 tb day of Hov..ber ,19 aa , and is incorporated into aad sball be deemed to amend and supplementtbe Mortgage, Deed or Trust, or Deed to Secure Debt (tbe "Instrument") or tbe same date_given by the undersigned (tbe "Mortgagor") to secure tbe Mortgagor's Note (tbe "Note") of ~JlIll/e ~ CORPORATlOH (tbe "Mortgagee;l ~.n~D~ering tbe~Pir~esc~edJro:he Instrument and located ai: (Property Address) AMENDED COVENANT. In addition to the covenants aad agreements made in tbe Instrument. Mortgagee aad Mortgagor further covenant aad agree as foDows: The Mortgagee sball, witb tbe prior approval of the Federal Housing Commissioner, or his designee, declare all sums secured by this mortgage to be immediately due aad payable if all or part or the prop- erty is sold or. otherwise transferred (other thaa by devise, descent or operation or law) by the mort- gagor, pursuant to a contract or sale executed not later thaa ~12 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. I~;;! (If (Seal) Mortgagor 10r/J.~~ j{ r? j 0'. ~ . n ~ort::~ (Seal) Mortgagor (Sign Original Only) (Seal) Mortgagor NOTE: If the property is not the principal Of secondary residence of the Mortgagor. 24 months will be checked instead of 12 months. (Space below this line for acknowledgemenl) ..:521 188021 FHA Assumption Policy Alder - Multistate VMP MORTGAGE FORMS. 13131293.Bloo . 18001521-7291 2/SS