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90r 104850 -, <br />I=IBIT .3 <br />- <br />E MORTGAGE ADDENDUM <br />TAe :faliowiaq ira -addenda to the Mortgage. ....please check, <br />-. the iaabli:.. addene ., ' Tie _ addandum..eh�ecked shall be <br />into, , aid recorded with,. the: Xbr'tgage. The term " <br />.incorporated <br />shell be deemed :to " include "i;a+# of trust, _• if <br />< . �tpplicab).e • <br />sx . FHA ADDWDUK <br />'< As ionq'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 lair) by Borrower to a purchaser or other <br />transferee; <br />(i) who cannot reasonably be expected to <br />resident within <br />occupy the property�as a principal <br />f` <br />a reasonable time after the sale or transfer, all <br />as provided in Section 143(c) and 143(1)(2) of the <br />r <br />Internal Revenue Code of 1985, as amended; or <br />who,has had a present ownership interest <br />r: <br />in a principal residence during any part of the <br />" three -year pperiod ending on the date of the sale or <br />in 143(d) and <br />transfer, all as provided Section <br />143(1)(2) of the Internal Revenue Code (except that <br />' the language I'm percent" shall be substituted for <br />"95 percent or more" where the latter appears in <br />Section 143(d)(1); or <br />(iii) it an acquisition cost which is greater <br />than 90A of the average area purchase price <br />(greater than 1109 for targeted area residences), <br />143(1)(2) of <br />all as provided in Section 143(e) and <br />, <br />the Internal Revenue Code; or <br />(iv) whose family income exceeds the <br />applicable percent of applicable median family <br />income as provided in Section 143(f) and 143(1)(2) <br />of the Internal Revenue Code; or <br />