88106906 - Laserfiche WebLink

Browse

88- 106806 FHA ASSUMPTION POLICY RIDER NonCE: TillS RIDER ADDS A PROVISION TO THE INSTRUMENT ALI.OWING THE MORTGAGEE TO REQUIRE PAYMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. This Assumption Policy Rider is made this 21.t day or Dec..b.. . 19 &a ,and is incorporated Into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the IIlnstrumentU) of the same date glvtn by the undersigned (the "Mortgagor") to secure the Mongagor's Note (the "Note") or th~_QIlliE C!JRPORATlIlH (the IIMortgageeU) and covering the property described in the Instrument and located at: 4~4 E. DODGE 6R1lIII) ISLAND HE 66801 . (Proputy ^ddress) AMENDED COVENANT. In addition to the covenants and agreements made in the Instrumen<, Mortgagee and Mortgagor further covenant and agree as rouows: The Mortgagee shaU, 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 ir all or part of the prop- erty is sold or otherwise transferred (other than by devise, descent or operation of law) by the mon- gagar. pursUaDllO a contract of sale executed not later than Ciit2 D 24 months aftel' 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 Policy Rider, bliA-t(~~b. ~ (Seal) ~(("11 /{ J /!p~ (Seal) >>All EL D. 10 Mortgagor RIHHA 1. Hm>JIIl1D Mortgagor (Seal) Mongagor (Seal) Mongagor (Sign Original Only) NOTE: If the property is not the principal or secondary residence of the Mongagor. 24 months will be checked instead of 12 months. (Space below this line for acknowledgemenL) 0..:521 188021 FHA Assumption Policy Rider - Multlstate \IMP MORTGAGE FORMS. 13131293.8100 . 18001521.7291 2188