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88-106567 FHA ASSUMPTION POLICY RIDER J NOTICE: THIS RIDER ADDS A PROVISION TO THE INSTRUMENT ALLOWING THE MORTGAGEE TO REQUIRE PAVMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. This Assumption Policy Rider is made this 1 st day of Decelbl!r . 19 a8 . and is incorporated into and shall be deemed to 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 Nole (the "Note") of thl!f!\lIWl, II\I/l~ CORPORATION (the "Mortgagee") and covering the property described in the Instrument and located at: 1119 W. 9TH 6IlAHD ISUlHD HE b8801 (Property Address) AMENDED COVENANT. ]n addition to the covenants and agreements made in the Instrument. Mortgagee and Mortgagor lJ.rther 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 than by devise, descent or operation of law) by the mort- gagor, pursuant to a contract of sale executed not later than rn2 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 thi; Assumption Policy Rider. Cij ~J~~/1~ 0100l LEE (Seal) Mortgagor ~bj) - ~Th~rJ (Seal) CIHDY SUE Mortgagor (Seal) Mortgagor (Seal) Mortgagor (Sign Original Only) NOTE: If the property is oN the principal or secondary residence of the Mortgagor, 24 months will be checked instead of 12 months. (Space below this line for acknowledgemenl) ...:621 ISBO]l FHA Assumption POlley Rider - Multlstale VMP MOR1CiAOE FORMS. 13131293.8100 . 111001&21 1291 2/88