88106816 - Laserfiche WebLink

Browse

88- 106816 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 Policy Ridor Is made this 16 th day of DecOib.,. ,19 66 , and Is Incorparatcd into and shall bo doomod to amcnd and supplemcnt the Mortgage, Deed of Trust, or Decd to Secure Debt (the ulnstrumenlU) of the same date'given by the undersigned (the "Mortgagor") to secure the Mortgagor's Nato (tho "Nato") of tlfd'YI/llWo l!llM!i~il' CORPORAlIOH (the "Mortgagee") and covering the property described in the Instrument and located 2t: 316 EAST 16TH GRAHb ISUlHb HE 6BGOl (Property Address) AMENDED COVENANT, In addition to tho covenants and agreements made in the Instrument, Mortgagee and Mongagor further covenant and agree as follows: The MongaRcc shall, with the prior approval of the Federal Housing Commissioner I or his designee, declare all sums secured by Ihis mortgage to be immediately due and payable if all or pan of the prop- erty is sold or otherwise transferred (other than by devise, descent or operation of law) by the mort- gagor, pursuant to n contract of sale executed not later tban ~12 D 24 months after the date an whieh tho mortgage is endorsed far insurance. to a purchaser whose credit has not been approved in accordance with Lhe requirements of [he Commissioner. IN WITNESS WHEREOF, the Mortgagor has executed this Assumption PoHcy Rider. L ~ ~~, ~ (J,<T'"'. {Q"/- (Seal) DAHIEL PAUL CLEIIEHT Mortgagor q~ ?; ChlYl'lRfYlL (Seal) PE.GGY JO C EHT Mortgagor (Soal) Mortgagor (Soal) Mortgagor (Sign Original Only) NOTE: If the propeny is not the principal or secondary residence of the Mortgagor. 24 months will be checked instead of 12 months. (Space below this line for acknowledgement) 0.:521 188021 FHA Assumption Policy Rider - Multistate VMP MORTGAGE FORMS . (3131293.8100. 18OO1S21.1291 2/88