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89102577
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Last modified
10/20/2011 1:01:52 AM
Creation date
10/20/2005 9:34:07 PM
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DEEDS
Inst Number
89102577
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89=4 102577 <br />MORTGAGE ADDENDUM <br />The following are addends to the Mortgage. Please check the applicable addendum. The <br />addendum checked shad be incorporated into, and recorded with, the Mortgage. The term <br />"Mortgaroa shall be deemed to include "Deed of Trust," if applicable. <br />X FWA ADDENDUM <br />As long as' the Mortgage is outstanding, the Lender may declare sit sums secured by the <br />Mortgage to be immediately due and payable if: <br />(a) all or part of the property is sold or otherwise transferred (other than by <br />devise, descent or operation of lav; by Borrower to a purchaser or other transferee: <br />(1) who cannot reasonably be expected to occupy the property as a <br />principal residence wit%ln a reasonable time after the sale or trzr,sfer, all as <br />provided in Section 143(c) and 143(i)(2) of the Internal Ravenue Coax of 1986, as <br />amended; or <br />(11) who has had a present ownership interest in a principal residence <br />during any part of the three-year period ending on the date of the sale or transfer, <br />all as provided in Section 143(d) and 143;1)(2) of the Internal Revenue Code (except <br />that the language "100 percent" shall be substituted for "95 percent or more" where <br />the latter appears in Sectfon 143(d)(11); or <br />(tit) at an acquisition cost which is greater than 90'. of the average area <br />purchase- price (greeter than 110% for targeted area residences), all as provided in <br />Section 143(e) and 143(1)(2) of the Internal Revenue Code; or <br />(iv) who has an income in excess of that established by the Nebraska <br />investment Finance Authority under its applicable regulations or program guidelines <br />in effect on the date of the sale or transfer; or <br />(b) Borrower fails to occupy the property described in the Mortgage .ithout <br />Lender's prior written consent; or <br />(c) Borrower omits or misrepresents a material fact in an application for the <br />Mortgage. <br />References are to the internal Revenue Code in effect on the date of execution of the <br />mor•ty;aZe and are deemed to include the .implementing regulations. <br />VA MOR1vAGE A.^,DENDUM <br />If, so long as the Mortgage is outstanding, aii cr any part of the property is sold or <br />transferred by Borrows,- without Lender's prior written consent, other than a transfer ty <br />devise, deacent' or by operation of law, the Lender may, at Lender's option, dect3re all the <br />sums sutured by the Mortgage to be immediately due and payable. <br />May 19, 1959 <br />Oate <br />State of Nebraska ) <br />HALL ) ss. <br />County of ) <br />t <br />rrowe <br />HN A TIGNO' :. _ <br />Borrower <br />SUSAN E TIGNOR <br />A& VrfplloA8j �,Wrgj Xh t(asrfGA8�wledged before me thisl9th day o1'lay , 1199 <br />b HUSBAND AND WIFE 1vUK <br />v U!tnsse my hand and notarial seal atGRAND ISLAND in " county, the dot aforesaid. <br />1 <br />My Commission Explrear r' <br />GENERA( MO1ARy -Slate gf M«iraska <br />ROBERTA L REED Nata y Publics <br />NIFA 1988 Series 0 <br />° � - My CaTBL Exp. July iggR RIBE RTA L REED <br />
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