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89101480
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Last modified
10/19/2011 8:39:51 PM
Creation date
10/20/2005 9:22:57 PM
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DEEDS
Inst Number
89101480
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1 EXHIBIT E 89*4"* 101480 <br />MORTGAGE ADDENDUM <br />The following are addenda to the Mortgage. Please check <br />the applicable addendum. The addendum checked shall be <br />incorporated into, and recorded with, the Mortgage. The term <br />"Mortgage" shall be deemed to include "Deed of Trust," if <br />applicable. <br />..L <br />21 <br />A <br />X FHA 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 />7308n <br />(a) all or part of the property . is 'sCold or other- <br />wise transferred (other -than by devise, descent or <br />operation of law) by�Eorrower to a purchaser or other <br />transferee: ; <br />( i ) who carirot reasonably. be expected to <br />occupy the property as a principal residence within <br />a reasonable time after the sale or traa.afer, all <br />as provided in Section 143(c) and 143(1)(2) of the <br />Internal Revenue Code of 1906, as amended; or <br />(ii) who 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 the sale or <br />transfer, all as provided in Section 143(d) and <br />143(i)(2) of the internal Revenue Code (except that <br />the language "100 percent" shalt, be substituted for <br />"95 percent or more" where the latter appears in <br />Section 143(d)(11); or <br />,(iii) at an acquisition cost which is greater <br />than 90% of the average area purchase price <br />(greater than 110% for targeted area residences), <br />all as provided in Section 143'!'e) and 143(i)(2) of <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 regulations or pro- <br />gram guidelines in effect on the date of the sale <br />or transfer; or <br />L <br />LIM <br />J <br />W <br />is <br />T_- <br />a< <br />i <br />to <br />r <br />1 <br />
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