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88-106452 FHA ASSUMPTION POLICY RIDER J NOTICE: THIS RIDER ADDS A PROVISION TO THE INSTRUMENT ALLOWING THE MORTGAGEIl TO REQUIRE PAVMI!NT OF THE NOTE IN FULL UPON TRANSFER C'F ALL OR PART OF THE PROPERTY. This Assumption Policy Rider is made this 29 tt! day of Nove.ber . 19 88 . and is incorporated into and s"hall be deemed La amend and supplement the Mortgage. Deed of Trust. or Deed to Secure Debt (the "Instrument") of the same date given by the undersigned (the "Mortgagor") to secure the Mortgagor's Note (the "Note") of tlW!16lllelWllf~lI!5 CORPORATIOH (the "Mortgagee") and covering the property d~cribed in the InstrumClll and located at: 151& SROO 15UIIID AV SROO 15UIIID HE &6803 (Property Addrcsl AMENDED COVENANT. In addition to the covenants and agreements made in the Insuument. 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- erty is sold or otherwise transferred (other (han oy devise. descent or operation of law) by the mort- gagor. pursuant to a contract of sale executed not later than rn12 D 24 months after the dale on which the mortgage is endorsed for insurance. [0 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. ~~jA~ (Seal) (} tA"'flfM<' ~'ilA/VMrJJ!. (Seal) \./ T1IlllTHY . TRAIIPE Mortgagor CHlU5T1HE K. TRAl\PE II Mortgagor (Seal) Mortgagor (Seal) Mortgagor (Sign Original Only) NOTE: If the property is nallhe principal or !lecondary residence of the Mangagar, 24 monlhs will be checked instead of 12 months. (Space below this lint for acknowledgement) e..521 188021 FHA Assumption Policy Rlder - Multlltate VMP MORTGAGE FORMS. 13131283.8100 . 18001521-1291 2/88