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1 �-- �.00�� 7 89-m MORTGAGE ADDENDUM The following are addends to the Mortgage. Please check the applicable addendum. The addendum checked shall be incorporated into, and recorded with, the Mortgage. The term "Mortgage" shall be deemed to include "Deed of Trust," if applicable. XX FMA ADDENDUM As long as the Mortgage is outstanding, the Lender may declare all sums secured by the Mortgage to be immediately due and payable if: (a) all or part of the property is sold or otherwise transferred (other than by devise, descent or operation of law) by Borrower to a purchaser or other• transferee: (i) who cannot reasonably be expected to occupy the property as a principal residence within a reasonable time after the sale or transfer. all as provided in Section .143(c) and 143(1)(2) of the Internal it Code.of 1986. as mended; or (ii) who has had a prevent ownership interest In -a prlmeipat residence :Urfnj, any part of the three -year pe,r.iod ending on the date of the sokeer transfer, Ott as provided in Section 143(d) and 143(1)(2) of the Internal Revenue Code (except that the language "100 percent" shalt be substituted for "95.ptrcent or more" where the latter appears in Section 143(d)(11); or at an acquisition cost which is greater than 90% of the average area purchase price (greater then 110% for targeted ares.residences), all as in provided Section 143(e) and 143(1)(2) of the Internal Revenue Code; or .(iv) who has on income in excess of that estabttshed by the Nebraska Investatent Finance Authority under its applicable regulations or program guidelines in effect on the date of the sale or transfer; or r. (b) ,Borrower fails to occupy the property described in the Mortgage without' Leader's prior written consent; or (c) Borrower omits or misrepresents a material. fact in an application for the References are to the Internal Revenue Code in effect on the date of execution of the mortgage and are deemed to include the implementing-regulations. VA MORTGAGE ADDENDUM If,. so long as the Mortgage is outstanding, all or any part of the property is sold or transferred by Borrower without Lender's .prior written consent. other than a transfer by devise, descent or by operation of taw, the Lender may, at Lender's eption, declare alt the sums secured by the Mortgage to be immediately due and "payable. 1 -26 -89 ' oats is Borrower Deienfus L. Michals i ' BorresKer aro-Lyn L. Michalski. State of Nebraska ) ss. Countr. of Hall ) The foregoing instrueent was acicnawledged before me this 26th day of January by Dennis L. Michalski and Carolyn L _Michalski, Husband and Wife. Vitness my hand and notarial seat at G.rap.d Island in so J1 county, the date aforesaid. My Commission Expires: �. IWAP,v -State at &;�!askj ROBERTA L. FEED N to y Public My rVa. Exg. bly NIFA 1988 Series D ' � I L r+ c r'