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88- 107016 FHA ASSUMPTION POLICY RIDER J NonCE: THIS NOEl< ADDS \ PROVISION TO THE INSTRUMENT ALLOWING THE MORTGAGEE TO REQUIRE PA 'If:;'\.&~T OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. This Assmnptlon Policy Rider is made this 29 th day of Deet.beT ,19 8a , 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 dat~.B.iY~!ll>Y the und, "igned (the "Mortgagor") to seeure the Mortgagor's Note (the "No!e") of t~ Iflll~ !:IJRIIIlRATlDH . (the "Mortgagee"\ and covering the prop"rty 1escribed in the Instrument and located at: 326 S. EDDY GRAND ISUlHD HE 68801 (Property Address) AMENDED COVENANT. In addition to the covenanlS ll.I1d 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 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 exec\lted not later than [lh2 D24 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 requiremems of the Commissioner. IN WITNESS WHEREOF, the Mortgagor has executed this Assumption Policy Rider. ~J ' .n,~ ~ dd 7/V.//Z._;; / EDWIN D. IlEDBERY . (Seal) Mortgagor )'Y\,,~.J. M"J~ MARILYH I. MEDBERY (Seal) Mortgagor (Seal) Mortgagt,r (Seal) Mortgagor (Sign Original Only) NOTE: lr the properlY is nOI the principal or secondary residence Of1hc Mongagof, 24 months will be checked instead of 12 months. (Space below this line for aCknowledgement) ..:521 188021 FHA Assumption Policy Aider - Multlstate VMP MORTGAGE fORMS W IJlJI2S3.6100 .. 1600152\.7291 2188