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89100870
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Last modified
10/19/2011 6:09:11 PM
Creation date
10/20/2005 9:17:14 PM
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DEEDS
Inst Number
89100870
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EXHIBIT E <br />89-100870 <br />MORTGAGE ADDENDUM <br />The follp'w'ing are addenda to the Mortgage. Please check <br />the applicable addendum. The.-addendum checked shall be <br />incorporated into, and recotd'ei"with, the Mortgage. The term <br />"Mortgage" s . ball be deemed t0i,'.ila'd�:'Tude "Deed of Trust,,, if <br />applicable. <br />X M ADDENDUM <br />As long as the Mortgage is outstanding, the Lender may <br />declare all sums secured by the Mortgage to be immediately-, <br />due'and payable if: <br />(a) all or part of the property is sold or other- <br />wise transferred (other than by devise, descent or <br />operation of law) by Borrower to a purchaser or other <br />transferee: <br />who cannot reasonably be expected to <br />occupy the property as a principal residence within <br />a reasonable time after the sale or transfer, all <br />as provided in Section 143(c) and 143(1)(2) of the <br />Internal Revenue Code of 1986, as amended; or <br />mho has had a present ownership interest <br />in a-principal residence during any part.of the <br />three -year period ending on the date of t*.,Ie sale or <br />transfer, all as provided in Section 143( d) and <br />143(i)(2) of the Internal Revenue Code ('exicept that <br />the language "100 percent" shall be substituted for <br />"95 percent or mckre,, where the latter appears in. <br />Section 143(d)(,.1,1); or <br />(iii) at Wl'a_,:Visition cost which 'is greater <br />than 90% of the average area purchase price <br />(gipater than Ildl for targeted area residena'o's), <br />all as provided in section 143(e) and a.f <br />the Internal-Revenue Code; or <br />(iv) who has an income in excess of that <br />established by the Nebraska Investment Finance <br />Authority under its applicable r4gulatibns or pro- <br />gram guidelines in effect on the 'date of the sale <br />or transfer; or <br />7308n <br />Yip <br />I <br />W <br />rj <br />_.J_ <br />
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