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<br />88-106450 <br /> <br />FHA ASSUMPTION POLICY RIDER <br /> <br />J NOTICE: THIS RIDER ADDS A PROVISION TO THE INSTRUMENT ALLOWING THE MORTGAGEIl TO <br />REQUIRE PA VMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. <br /> <br />This Assumption Policy Rider is made this 30 th day of Hovelber .)9 68 . and is <br />incorporated inf'l and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure <br />Debt (the "Instrument"l.Qf lhe same date-&iyen by the undersigned (the "Mortgagor") to secure the Mortgagor's <br />Note (the "Note") of tJli!:lllfiWell!lMm CORPOHJITlOH <br /> <br />(the "Mortgag'1;~b "'/;~ g~RT,\~ng thiil'Ali~pmAJesc~pe'liAbfhe Instrument and localed at: <br /> <br />(Property Add~s) <br /> <br />AMENDED COVENANT. In addition to the covenants and agreements made in the Instrument, Mortgagee and <br />Mortgagor 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 pan of the prop- <br />erty is sold or otherwise transferred (other than by devise, des~t or operation of law) by the mort- <br />gagor, pUf5uant to a contract of sale executed not later than ~J2 D 24 months after the date on <br />which the mortgage is endorsed for insurance, to a purchaser whose credit has nol been approved <br />in accordance with the requirements of the Commissioner. <br /> <br />IN WITNESS WHEREOF, the Mortgagor has executed this Assumption Policy Rider. <br /> <br />Q~~~ <br /> <br />(Seal) <br />Mortgagor <br /> <br />(Seal) <br />Mortgagor <br /> <br />(Seal) <br />Mortgagor <br /> <br />(Seal) <br />Mortgagor <br />(Sign Original Only) <br /> <br />NOTE: trlhe property is nol the principal or secondary rcsidenccofthe Mortgagor, 24 month5 will be checked instead of 12 months. <br />(Space belo", this line for acknowledgement) <br /> <br />..:521 188021 FHA Assumption Policy Rider - Multisune <br />VMP MORTGAGE FORMS. 13131:293.8100 ~ 18001521.7291 <br /> <br />2/88 <br />