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UORIGAGE AQ9NDUM 89-- 100315 <br />The following are addenda to the Mortgage. Please check the <br />applicable addendum. The addendum checked shall be incorporated <br />Into, and recorded with, the Mortgagee. The term "Mortgage" shall <br />be deemed to include *Dead of Trust," if applicable. <br />... X TVA ADDENDUM <br />As long as the Mortgage is outstanding, the Lender may declare <br />all sums secured by the Mortgage to be immediately due and payable <br />if t <br />(a) all or part of the property is sold or otherwise <br />transferred (other than by devise, descent or operation of law) <br />by Borrower to a purchaser or other transferee: <br />(1) who cannot reasonably be expected to occupy the <br />property as a principal residence within a reasonable time <br />after the sale or transfer, all as provided in Section 143(0) <br />and 143(1)(2) of the Internal Revenue Code of 1986, as <br />amendedi or <br />(ii) who has had a present ownership interest in a <br />principal residence during any part of the three-year period <br />ending on the date of sale or transfer, ale as provided in <br />Section 143(d) and 143(1)(2) of the Internal R, venue Codes or <br />at an acquisition cost which %s. 'greater than 90% <br />of the average area purchase price (greater than 110% for <br />targeted area residericea), all as provided :in Section 143(e) <br />and 143(1)(2) of the Internal Revenue Code; or <br />(iv) who has an income in excess of that established by <br />the Nebraska Investment-Finance Authority under its applicable <br />regulations or program guidelines in-effect on the date of the <br />maim or tranixer= , or <br />(b) Borrower fails to occupy the property described in the <br />Mortgage without Lender's prior written consents or <br />(o) Borrower omits or misrepresents a material fact in an <br />application for ths..Nottgage. ' <br />References are to the Internal Revenue Code in effect on the <br />date of ex0cuttion of the mortgage and are deemed to include the <br />Implementing regulations. <br />VA MORTGAGE ADDENDUM <br />If* so long as the Mortgage In outstanding, all or -any part of <br />the property is sold or transferred by Borrower without Lender's <br />prior written consent, other than a transfer by devisd', descent or <br />by operation of law, the Lender may, at, Lender's option, declare <br />all the suna. secured by the Mortgage to be immediately due and <br />payable. <br />IN WITNESS VNEREOF, the borrower(s) has set his hand and seal. <br />Date 1 -16 -89 <br />Borrower 6dn L. re z <br />Borrower Mary G. Bretz <br />State of Nebraska <br />ss. <br />County of Hall ) <br />The foregoing: Instrusent was acknowledged before me this V6th <br />day of �January , 19 89 <br />, by .. _Calton: L. Bretz and Mary G. Bretz.. + <br />L <br />Hugh and end wi.�.... - ..._..._. <br />VLtness my hand and notarial seal at Grand Island <br />In said county, the date aforesaid. <br />My -commission expires: <br />Ej°- Nat r.y Public <br />T NERA! 1l0l�fr -+ate of MaSr�ka <br />ROBERTA L. REED <br />My Gomm. E4 My 30 1.7-.1 WD"Am 07 <br />v <br />J -- <br />