89102803 - Laserfiche WebLink

Browse

MORipApQ AQOENOEIM 10283 The following are addenda to the Mortgage. Please cheek the applicable addendum. The addendum checked shell be incorporated Into, and recorded with, the Mortgage. The tern *Mortgage" •hall be deemed to Include *Deed of trust," If applicable. fNA AOOBNOUN As long as the Mortgage Is outstanding, the Lender may doctors ail sums secured by the Mortgage to be Immediately due and payable Its (a) all or part of the propperty is sold or otherwise transferred (other than by devises descent or operation of law) by Borrower to a ourchseer or other transferee: (1) who cannot reasonably be expected to occupy the property ea a principal residence within a reasonable time after the sale or transfer. all as provided 1'n Section 143(c) and 14340(2) of the Internet Revenue Code of 1986, as emended; or (11) who has had a present ownersh.tP interest in a principal residence during any part of the three-year period endint arr•the date of the sate or transfer. all es provided In Section 143(d) and 143(1)(21 01 the.tnternal Revenue Code (except that the language *100 percent" shall be substi;t;ayted lVe, *9S percent or more, where the tatter appears in,Sectlon 143(d)(11); or (Ili) at am .acquisition cost which Is greater,'4h an 902 of the average area purchase price (greater then 110% for targeted aces► residences). alt as provided in section 143(9) and 14341)(2) of the Internet Rovomui Code; or (Iv) who has an—Income in excess of thet. :established by the Nebraska Investment finance Authority under its applicable r9gu•4mtions or program guidelines In effect on the date of Me sale eR transfer; or (b) Borrower fails to cectiov ..the property described in the Mortgage without Lender's prior written consent; or i (e) Borrower omit$ or misrepresents a material feet in an application for the Mortgage. References are to the Internal Revenue Code In effect on the date of execution of the mortgage and are deemed to Include the Implementing "regutet'lons. VA IIORTGAp! A1DP!PnLrM If, so tong as the Mortgage is outstanding. all oT any part of the property is sold or transferred by Borrower without Lender's prior written consent. other than a transfer by devise, descent or by operation of law. the Lender stay, amt Lender's option, doctors all the sums soured by the Mortgage to be Immediately due grid payable. ate Borrower DENNIS L AUSTEN Borrower !fate of Nebrsske ) HENRIETTA AUSTEN as County otiALL ) The foregoing Instrument was acknowledged before me thfs31st day diay DEN«IS L AUffJN AND HZNRIETTA AUSTEN tyHUS)3/t 149- AND Wt FE WICftaaa my Ran 4 and notarial seat aGRA,ND ISLAND Ins d county, the dome aforesaid. My cemm4ps(en Expb;eest (J G�1t�.At: il:;`.r'.r " ",f•S,att of tf:�j��ssai U�,� Ei4 3El :r/l. L. AECa . Not y PubI c NifA 1980 Series 0 My fa' fID JOY 30 ROBERTA L REED r