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<br />RE.RF.~ORDED <br />8H-107037 <br /> <br />86-106910 <br /> <br />FHA MORTGAGE RIDER <br /> <br />THIS RlDER, dated the ~ day of December , 19~ <br />amends the mc.tgage of even date by and between Elizabeth L. Engfe~7RH~eLg~~~gn <br />F. Engler and Arlene R. Engler, husband and wif~ the Mortgagor, and the <br /> <br />Mortgagee, as follows: <br /> <br />1. In Paragraph 1, the sentence which reads as follows, is <br />deleted: "Privilege is reserved to pay the debt in whole, <br />or in an amount equal to one or more monthly payments on <br />the principsl thst are next due on the note, on the first <br />day of any month prior to maturity: Provided, however, <br />That written notice of an intention to exercise such <br />privilege is given st least thirty (30) days prior to <br />prepayment." <br /> <br />2. Paragraph 1 is amended by addition of the following: <br />"Privilege is reserved to pay the debt in whole or in <br />part on any interest due date." <br /> <br />3. Subsection (a) of Paragraph 2 is deleted. <br /> <br />4. Subsection (c) (1) of Paragraph 2 is deleted. <br /> <br />5. In the third sentence of Parsgraph 3, the words "all psyments <br />msde under the provisions of (a) of paragraph 2 hereof which <br />the mortgagee has not become obligated to pay to the Secretary <br />of Housing and Urban Development and" are deleted. <br /> <br />6. The fourth sentence of Paragraph 3 is amended by insertion of <br />a period after "... then remaining unpaid under said Note" and <br />deletion of the remainder of the sentence. <br /> <br />7. Paragraph 12 is amended by the addition of the following: <br /> <br />"This option may'not be exercised when the ineligibility <br />for insurance under the National Housing Act is due to the <br />mortgagee's failure to remit the mortgage insurance premium <br />to the Department of Housing and Urban Development." <br /> <br />IN WITNESS WHEREOF, the uodersigned <br />his hand and seal the day and year first aforesaid. <br /> <br />has set <br /> <br />~Il!-d~~ <br /> <br />(SEAL) <br /> <br /> <br />(SEAL) <br />(SEAL) <br /> <br />Signed, sealed and delivered in. the presence of <br /> <br />if;/fJ)klid /n - fff~~/ <br />I <br />