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88- 106601 FHA ASSUMPT1ION POLICY RIDER J NOTICE: THIS RIDER .\DDe A PROVISION TO THE INSTRUMEN'r ALLOWING THE MORTGAGEE TO REQUIRE PAYMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. Thb Assumption Polley Rider Is made this 2 nil day of D.enb.. . 19 sa ,and is incorporated into an~ shall be deemed to amend and supplement the Mortgage, Deed or Trust, or Deed to Secure Debt (the II Instrument") of the same date .&iyen by the undersigned (the "Mortgagor") to secure the Mortgagor's Note (the "Note") of th~ 1lI/Il~ CORPORATION (the "Mortgagee;~ha~~DiE~vering theo~~~r(AH~escr~~ed6A~o\he Instrument and located al: (Property Addms) AMENDED COVENANT. In addition to the covenants and agreements made In the Instrument. 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 hy this mortgage to be immediately due and payable if all or part of the prop- eny 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 132 D 24 months arter 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 Polley Rider. ~~~-Y~) (.~~ f.' L/~d AUlH L. ORUwru: Mortgagor REBECCA . ORUIIELL (Seal) Mortgagor afi~ (Seal) Mortgagor (Sign Original Only) NOTE: If the propeny is not the principal or secondary residence of the Mongagor. 24 months will be checked instead of 12 months. (Space below this line for acknowledgement) ..;521 19a021 FHA Assumption Policy Rider - Mullistate VMP MORTGAGE FORMS. 13131293.8100 . 18001521.7291 2/88