HomeMy WebLinkAbout0962 - FtiA MO~TGAGE RIDER
This Rider~ dated the 2Z day. ~f DECEMBER , 19~,
amends the ~~RT~Q~;p of evefi date by and b~tween
R4B~[tT I. Rn.rxF~ , th~ I~InRT(~,a~~_ ,
and CYNTHIA $"~~~Y the M Tr (~,~p . , ~ .
and NBD MORTGAGE COMP,~X th~ ~,~QRTGA(:Ffi ~
as follows:
1. Subsectiori (a) of Paragraph is de2eted.
~ 2. Subsection (c){I) of Paragrnph ~~f~ delet~d.
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3. In the th3.rd sentence of Para~aph ~_the words "all
payraentis made under the provisions of (a) pf paragragh ~
~ her~eof which the MORTGAGEE has nc,t becon~e
obligated to pay to the 5ecretary of Housirig and Urban •
Dev~2opment and" are d~leted.
4. The fourth~sentence of Paragraph 3 is amended by
insertion of a period after "....then remaining unpaid
under said NOTE ~ " and deletion of the zemainder ~
of the sen[ence. '
S. Paragraph ~~is amended by the addit:[on of the following: ~
"1't~is option may not be exercised when the ineligibility
for insurance ur~der the Nationa2 Housing Act is due io the
MOgTGAGEP~ 's ~ failure-~ to remi,t the mortgage• insE?rance .
premium to the Departwen~ af Housing and Urban Development."~
IN WITNESS WHEREQF, RO}3ERT L. BOSKEY A;iD CYNTHTA A uncu~~, ~tas eet h!~
~ hand and seal the day and year firat aforesaid.
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