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FHA MORTGAGE RIDER f% 73739 -1 -20 1-20 (Atitwmption Rider) THIS FHA ASSUMFnON RIDER is made this 30th day ot January, 1987 and is incorporated into and Od be damned to Bawd and supplement the Mortgage, Deed of Trust or Security Deaf (the "Security Instrument'l of the same data given by the undersigned Mortgagor (fruslor). to secure Mortgagor's (rrustor's) Note to First Federal Savings and Loan Association of Lincoln Mortgagee (rnmtee) of the same date and covering the property described as follows: Westerly Seventy Seven (W77) Feet of Lot Five (5), except the Westerly Eighteen (W18) Feet of thereof, in Block Six (6), Westerhoff's First Subdivision in the City of Grand Island, Hall County, Nebraska, except the Southerly Thirty (S30) Feet thereof, deeded to the City of Grand Island, for street purposes. and whose address is 2912 West 16 Street Grand Island, Nebraska 68803 Property Address The Mortgagee (trustee) shall, with the prior approval of the Federal Housing Commissioner, or his designee, declare all sums secured by this Mortgage (Deed of Trust) to be immediately due and payable if all or a part of the property is sold or otherwise transferred (other than by devise, descent or operation of law) by the Mortgagor (rrustor), pursuant to a contract of sale executed not later than 24 months after the date of execution of this mortgage or not later than 24 months after the date of prior transfer of the property subject to this Mortgage (Deed of Trust), to a purchaser whose credit has not been approved in accordance with the requirements of the Commissioner. Executed this 30th day of January _ 1987 by Mathew S. Preisendorf and Cindi L. Preisendorf Mathew S . P jeisen Vor r. Cindi L. Preisendorf STATE OF NEBRASKA COUNTY OF HALL ss On the 30th day of January 1987 A.D. Nineteen Hundred and Eighty –Seven before me, a Notary Public in and for said Hall County, State of Nebraska. personally appeared Mnthpw S. Preisendorf and Cindi L. Preisendorf, husband and wife, to me known to be the person(s) named and who executed the foregoing instrument and acknowledged that they hanvie — executed the same as their voluntary act and deed. My Commission expires // �/- 1' osozo.cn t,treet C-- IUTARY-Sta Yetrasta F ONNIE S. BALES con. flip. 01111,1939 Notary Public '.n and fo• said ounty