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88- 107088 FHA ASSUMPTION POLICY RIDER J NOTICE: THIS RIDER Ai)I}<l A f'ROVISIC'N TO THE INSTRUMENT ALLOWING THE MORTGAGEE TO REQUIRE PAYMENT OF 7h" ",,;'TE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. Thi. ","umption Poli;;y Rider is made this 30 th day of Decetlber ,19 88 ,and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed or Trust, or Deed to Secure Debt (the "lnstrumenl")..lI.f~l!l.e ame dat~-8iyen b.Y.the undersigned (the "Mortgagor") LO secure the Mortgagor's Note (the "Note") of th~ c!!IPJEffiE UlJlllllRATlIW (the "MorlgagCe;;~ ~d~~ing the_~~escr~ed~re Instrument and located at: (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, Dr his designee, deelare all sums secured by this mortgage to be immediateiy due and payable if all Dr part of the prop- erty is sold Dr otherwise transferred (other than by devise. descent Dr operation of law) by the mort- gagor, pursuant to a contract of sale e"ecuted not later than [}J12 D 24 months after the date on which the mortgage is endorsed for insurance. [0 a purchaser whose credit has not been approved in accordance with the requirements or the Commissioner. IN WITNESS WHEREOF, the Mortgagor has e"ecuted this Assumption Policy Ridcr. ~~~ &' U~ . 1EPlEN R, lEES (Seal) Mortgagor 'jQJna ~. ~A J, lEES (Seal) Mortgagor (Seal) Mortgagor (Seal) Mortgagor (Sign Original Only) NOTE: If the propeny is not the principal or secondary residence: of the Mongagor. 24 months will be checked instead of 12 months. (Space below this line ror acknowledgement) 0.:521 1B80:U FHA Assumption Policy Rider - Mullistate VMP MORTGAGE FORMS. ()131293.81oo . 18001521.7291 2/88