Laserfiche WebLink
<br />88- 1063411 <br /> <br />FHA ASSUMPTION POLICY RIDER <br /> <br />J NOTICE: TmS RIDER ADDS A PROVISION TO THE INSTRUMENT ALWWlNG THE MORTGAGEE TO <br />REQUIRE PAYMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. <br /> <br />This AssumptiDn PoUcy Rider is made this 26 th day Df Hovaber ,19 86 , and is <br />incDrpDraled into and shall be deemed ID amend and supplement the MDrtgage, Deed Df Trust. Dr Deed tD Secure <br />Debl (lhe "Inslrumenl"l.p.Ohe same da!.~g[~.n by the undersigned (the "MortgagDr") to secure the MDrlgagDr's <br />NDle (lhe "NDte") of l~ IlIWR I:lJlPORllTIIII <br /> <br />(lhe "MDrtgagee") and cDvering theJlrDpeJ!yu!lescribed in the Instrument and IDcated at: <br />1023 H, EDDY 6RAHD ISUIIID HE 68801 <br /> <br />(Property Address) <br /> <br />AMENDED COVENANT. In additiDn tD the cDvenanls and agreements made in the Inslrument. MDrtgagee and <br />MDrtgagDr furtber cDvenanl and agree as follDWS: <br /> <br />The MDrtgagee shall, with the prior approval of the Federal Housing Commissioner, or his designee, <br />declare all sums secured by this mortgage ID be immedialely due and payable if all or part of the prop~ <br />erty is sold or \>lherwise lransferred (other than by devise, descenl or operation of law) by the mort~ <br />gagor, pursuanlto a CDntracl of sale executed notlaler than ~12 D 24 months afler the date on <br />which the mortgage is endDrsed for insurance. to a purchaser whose credil has nnl been approved <br />in accDrdance with lhe requirements of the Commissioner. <br /> <br />1!f al ,#ll~ <br /> <br />IN WITNESS WHEREOF, the Morlgagor has executed this Assumplion Policy Rider. <br /> <br /> <br />~~(seal) <br />DRPHA SAR Mortgagor <br /> <br />(Seal) <br />Mortgagor <br /> <br />(Seal) <br />MDrtgagor <br /> <br />(Seal) <br />Mortgagor <br />(Sign Original Only) <br /> <br />NOTE: If the property is not the principal or secondary residence orlhe Mortgagor. 24 months will be checked instead of 12 months. <br />(Space below this line for acknowledgement) <br /> <br />8..-621 188021 FHA Assumption Polley Rider - Multistate <br />VMPMORTQAGEFORMS. 13131293.9100.18001521.7291 <br /> <br />2/88 <br />