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ASSUMPTION RIDER
(ATTACHED TO FHA SECURITY INSTRUMF.NT AND INCORPORATED)
(THERETO FOR ALL PURPOSES)
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T}lIS RIDER SHALL AMEND AND SUPPLEMENT THE MORTGAGE, DEED OF TRUST, TRUST
1)EF.D OR SECURITY DEED ("SECURITY INSTRUMENT") OF THE UNDERSIGNED MORTGAGOR,
TRUSTOR OR GRANTOR ("MORTCAGOR") GIVES TO SECURE THE MORTGAGOR'S LOAN FROM
LENDER (WITH ITS SUCCESSORS AND ASSICNS, ("MORTGAGEE"), AS FOLLOWS:
9(b) SALE WITHOUT CREDIT APPROVAL.
LENDER SHALL, IF PERMITTED BY APPLICABLE LAW AND WITH PRIOR
APPROVAL OF THE SECRETARY, REQUIRE It~tEDIATE PAYMENT IN FULL
OF ALL THE SUMS SECURED BY TNIS SECURITY INSTRUMENT IF:
(i) ALL OR PART OF THE PROPERTY IS OTHERWISE TRANSFERRED
(OTHER THAN BY DEVISE OR DESCENT) BY THE BORROWER, AND
(ii) THE PROPERTY IS NOT OCCUPIED BY THE PURCHASER OR GRANTEE
AS HIS OR HER PRIMARY OR SECONDARY RESIDENCE, OR THE
PURCHASER OR GRANTEE DOES SO OCCUPY THE PROPERTY BUT
HIS OR HER CREDIT HAS NOT BEEN APPROVED IN ACCORDANCE
WITH THE REQUIREMENTS OF THE SECRETARY.
MORTGAGOR(S)
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