89100425 - Laserfiche WebLink

Browse

L MORTGAGE ADDENDUM 89"�'1"00425 The following are addends to the Mortgeo*. 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. �8 PNA ADDENDUM As Ions as the Mortgage is outstanding, the Lender may declare otl suns 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 Narrower to a purchaser or other transferee: (i) who cannot reasonably be expected to occupy the property as a principal residence within a reasonable time of ter the sale or transfer, all as provided in Section .143(c) and t43(f)(2) of the Internal Revenue Code of 19x6, as amended; or (ii) who has had a present ownership interest in a principal residence during any part of the three -year period ending on the date of the sale or transfer, all as provided in Section 143(d) and 143(1)(2) of the internal Revenue Code (except that the t:ngu■y. - 10C'p ::ceiitz malt be substituted for "95.percent or more" where the latter appears in Section 143(d)(11); or (iii) at an acquisition coat which fa grestto.than 901 of the average area Purchase price (greater than 1101 for torgeted.area residences), sit as provided in section 143(s) and 143(1)(2) of the lnternat-ilevenue Code; or (iv) who has an income in excess of that established by the Nebraska Investment Finance Authority under its applicable regulations or program guidetines in effect on the date of the sale or transfer; or (b) borrower fails to occupy the property described in the mortgage without Lenders 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, $o tbna as the mortgage'is outstanding, att or any part of the'property is sold *r transferred by .:Borrower without. Lender's prior w-.tten consent, other than a transfer by devise, descent or by operation of law, the Lender may, at Lender's option, declare all the suns secured by the Mortgage "to be immediately due and payable. .�_..1 -25-89 %�� /• /�6 Date borrower Kevin B. DarYog Borrrc.we ar or: a 135F.I.Ing State of Nebraska ) Hall ss. County of ) - The foregoing instrument was acknowledged before me this 25th day of January 19 89, by Kevin B. Darling and Marjorie S Darline Husband and Wife. Witness my hand and notarial seal at Grand Island in s county, the d to aforesaid. 1 My Commission Expires: OENERAdVARNMIgtWaika Q ROBERTA L. REED trot ry Publ i c MY W671. FA lily 11 IMO NIFA 1988 Series D D f I r rr r I