Laserfiche WebLink
20600929 L u 0 <br />MORTGAGE ADDENDUM <br />The following; are addenda to the Mortgage. Please check the applicable adden- <br />dum. The scl-'endur. chec_kf d shall be incorporated ir.ty, and recorded with, the <br />Mortgage. The term "Mort „age” shall be deemed to include "Deed of Trust ", if <br />applicable. <br />XX Fit.}, ADDENIMUM <br />As long as the Mortgage ii+ outstanding, the Lender may declare all. sums secured <br />by the Mortgage to be immediately due and payable if: <br />(a) all or par: of C.z property is sold or other-vise transferred <br />(other than by devise, descent or operation of law) by <br />Borrower to a purchaser or other transferee; <br />(i) who cannot reasonably be eaoected to occupy the <br />property as a principal residence within a reason- <br />able time after the sale or transfer, all as <br />provided in Section 143(c) and 143(1)(2) of the <br />Internal Revenue Code of 1986, as amended; or <br />(ii) who has had a prerent ownership interest in a <br />principal residence during any part of the three- <br />yea- period ending on the date of the sale or <br />transfer, all as provided in Section 143(d) and <br />1433(1)(2) of the Internal decenue Code; or <br />(ii') a� an acquisition cost xhic!t is greater than YjA. <br />of t1ie average area purchase price (greater th,.a <br />1102 for targeted area residences), all as provi,1- <br />ed in Section 143(e) and 143(i)(2) of the Internal <br />Revenue Code; or <br />(iv) who has an income in exceuc of that established L y <br />the Nebraska Investment Finance Authority under <br />its applicable regulatiotst or progran guidelines <br />in effect on the date of the sale or transfer; or <br />(b) Borrower fails to occupy the property described in the <br />Mortgage without_ Lender's prior written consent; or <br />(c) Borrower omits or misrepresents; +: material fact in an <br />application for the Mortgage. <br />References are to the Internal Revenue Code in effect on the dote of execution <br />of the Mortgage and are deemed to include the implementing regulations. <br />VA MORTGAGE ADDENDUM <br />If, so long as the Mortgage is outstanding, all or any part of the property is <br />sole: or transferred by Borrower , :.:hout Lender's prior written =onsent, other <br />than n transfer by devise, disc ^nt or by operation of law, the :.erd-_r may, at <br />Lender's option, declare all the sums secured by the *Mortgage to be immediately <br />due and payable. <br />Date:` 11AY 19,1959 <br />Borrower MiCnAz�'`b 7.C''�TJ'1' -- <br />State of Nebraska <br />County of HALL <br />) <br />as. <br />Borrower .10-13YN R. 9=(_j,7 1Z <br />The foregoing instru:aer.t was acknowledged before me t'zis 19TH_ day of <br />PAY 19_P9._, by MIC?AEL, JAMES MC CPNN' AND ROBYN R. '�'C CANN, HUSBAND jiND WIFE <br />Witness my hand and eeotarial seal at � rc% ev(� 7n /_G t7(( in said <br />couucy, the date aforesaid. — <br />r. <br />My commission expires: <br />{ UA3AL R',:P.iY of M:zu Notary Public <br />UNfW. OBERMILLEA <br />4.010 -15 • Ey C4 ;. END. Muth 7.1993 <br />