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88-106756 FHA ASSUMPTION POLICY RIDER J NOTICE: THIS RIDER ADDS A PROVISION TO THE INSTRUMENT ALLOWING THE MORTGAGEE TO REQUIRE PAYMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY, This Assumption Polley Rider is made lhis 9 th day or D.".b.. . 19 88 , aad Is incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust, or Deed to Secure Debt (the UInstrumentlt) of the same date given by the undersigned (the "Mortgagor") to secure the Mortgagor's Note (lite "Note") or t~TOOe Illii\!l~ CORPORATIOH (the IlMortgagcc") and covering the property described in the Instrument and located at: 2828 DALUlS GRllHD ISLAlID HE 08803 (Property Address) 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 t or his designee, declare 011 sums secured by this mortgage to be immediately due nnd payable if all or part or the prop- erty is sold or 9therwise transferred (other than by devise, descent or operation of law) by the mort- gagor, pursuant to a contract of sale executed not later than mI2 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 this Assumption Polley Rider. .[)~~QJJC r.M~ (Seal) DOHALD E. CHALUPA Mortgagor ~nd 3. (IfJaUuptv JETS, CHALUPA (Seal) Mottgagor (Seal) Mortgagor (Seal) Mortgagor (Sign Original Only) ,NOTE: If the property is nol the principal or secondary residence of the Mortgagor. 24 months will be checked instead of 12 months. (Space below this line for acknowledgement) .....521 CSSOll FHA Assumption Policy Alder - Multistate VMf>MORTGAGE FORMS. C3131293.8100 . 18001521.1291 2188