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<br /> . . � � ,
<br /> 90-°r i021'75
<br /> RID�:R TO OF.ED OF TRUST - FNA
<br /> e
<br /> Th1.e addendum sha11 b� incc�rp�rated into, and recarded wiEh� the Deeci of
<br /> �ruet, Th� rerm "Mortgege" ehall he deemed to include "Ueed af Truat".
<br /> if applicAble.
<br /> As long as the Mortgage is autstanding, the I.ender may declare all aums
<br /> secured by the Mortgage to be immediately dne and payable if:
<br /> a. Al2 or part of the properCy ie sold or ntherwi�e transferred (other
<br /> ' than Dy devise, desceat or apeXation �f Zaw) �p borro�rer to a purchaser
<br /> : or other tra�sferee:
<br /> (i? Who caunot reasoa;ably be expecte�.�i ta occupF the property as a
<br /> � principle resi��rtce Within a reas�nable tim� after ¢he sape or •
<br /> tranafer, all a� provided in Section 143(c) and 1G3(i)(2) of the
<br /> Internal Revenue Code af 1986, as amended; or
<br /> ; (11) Who has had a present ownerahip intereat in a principle reaidence
<br /> during any part af the threc-year period ending an the date of
<br /> Che sale or tranefer� all as provided in Section 143(d) and
<br /> lk3(i)(2) of the Internal Revenue Coc�e (exEept that the language
<br /> "100 percent" shall be eubetituted fcrr "95 percent or more" Where
<br /> the l.atter r�ppeare in Se�tion 143(d)(1); or ;
<br /> (iii) At an acquisition coat which is �reater than 907 of the average � �.
<br /> area purchaAe price (greate r than 110� foc targeted area res- �°'
<br /> idencea). all as provided in Section 143(e) and 143(i)(2) of the � �
<br /> - , Int�rr.�2 .'.��:;.�u: Cadc; ar #"`�_
<br /> , -��
<br /> 7 :
<br /> _ _.--_=_i__=-- �1V� {�hnaw famllv inc�n�na PY!`PPl�� �t S2 nf Sc�.i1�L`3�1� !��'Z�:lR f.^.t.^.�:� --
<br /> income (140� for a family fn a targeted area reaidence) , al]. as
<br /> pravided in Section 143(f) and 143(i)(2} of the Internal Revenue
<br /> Code; or
<br /> �
<br /> � b. Borrower faila to occupy [he praperty described in the Mortgage r�ithout
<br /> < prior writCen consent of Lender or its euccessors or aseigna; or
<br /> � c. Barrower omi.ts or m8srepresenta a f act that is material with respect to
<br /> � the provi�i�ns of Section 143 of the Internal Revenue Code in an appli-
<br /> cation for �he Mortgage.
<br /> References are to the 1986 Internal Revenue Code in ef fect on the date of :`.�,.
<br /> execution of the MorCgage and are deemed t� include the im�iementing regu- • -`�'�"
<br /> 3 lations
<br /> , � . �
<br /> �U ��.EL� ' �
<br /> — <L
<br /> Borrower Je -�1. Mendyk � Co orrower Tammy S. Me dyc
<br />, � STATE UF NEBRASKA)
<br /> )SS
<br /> � CdUKTY OF HALL )
<br /> The fozegoing instrument was acknowledged before me thfs 20th day of
<br /> � Anr3.1 . 19 90 � by Jerry A. Mendyk and T.�cuny S. :_ --
<br /> , � �fend;rk, huslsand and r�ifz '
<br /> Wikness my hand and nc�tari�l seal t�t Grand Island. :Vebrasica ic� said
<br /> county, the date aforesafd.
<br /> My commissian expires: �(/'u� � ,�' � p �
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