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r <br />I <br />87--166748 <br />ADDENDUM TO FHA MORTCAGE OR DEED OF TRUST <br />I) The mortgage shall, with the prior approval of the Federal Housing <br />Commissioner, or his designee, declare all sums secured b♦ this mortgage <br />to be immediately due and payable if all or a part of the property is <br />sold or otherwise transferred (other than by devise, descent or <br />operation of law) by the mortgagor, pursuant to a contract of sale <br />executed not later than 24 months after the date of execution of this <br />mortgage or not later than 24 months after the date of a prior transfer <br />of the property subject to this mortgagor, to a purchaser whose credit <br />has not been approved in accordance with the requirements of the <br />Commissioner. <br />2) Should the Federal Housing Administration fail or refuse to issue <br />its insuring certificate within sixty (60) days from the date the loan <br />would normally become eligible for such insurance, the holder of the <br />note secured hereby may declare the indebtedness hereby secured at once <br />due and payable. <br />Date: - �- <br />rower ,Borrower) <br />Witnessed By: Jr�I�4i�I� <br />L <br />a <br />TMC -174 <br />11/86 <br />qc <br />a <br />0 <br />