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L L_.. <br />M1 <br />90= •1049 <br />asfff'LiHIT: fir.. <br />MORTGAGE ADDMUNt <br />•the following are addenda to the Mortgage. Please check' <br />'. f ` , the applicable. addendum. The addendum checked shall be <br />incorporated into, and . recorded with, the Mortgage. The <br />,term <br />- -- - - --" Mortgage ". - shall <. -.be deemed to include "Deed of Trust, if. <br />"plidable- <br />K. nAl ADDMMUM <br />As- - -lorag tea' the Mortgage is outstanding, the Lender may - <br />`, <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 />- M who, cannot reasonably be expected to <br />occupy the property as a principal resident within <br />; <br />a reasonable time after the sale or transfer, all <br />as provided in Section 143(c) and 143 (i) (2) of the <br />Internal Revenue Code, of_ 1986, 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(1)(2) of the Internal Revenue Code (ekcept that <br />the language "100 percent" shall be substituted for <br />"95 percent or more" where the latter appears in <br />Section 143(d)(1); or <br />iz <br />(iii) at an acquisition cost which is greater. <br />than 90% of the average area purchase price <br />s <br />(greater than 120% 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) whose family income exceed _the <br />applicable percent of applicable median family <br />income as provided in Section 143(f-) and 143(i)(2) <br />of the Internal Revenue Code; or <br />L L_.. <br />M1 <br />