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89102817
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89102817
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Last modified
10/20/2011 1:50:46 AM
Creation date
10/20/2005 9:36:35 PM
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DEEDS
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89102817
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89- 10281' <br />lha followfnq <br />are addenda to the Mortgage. Please check the <br />applicable addendum. The addendum checked shall be incorporated into, <br />and recorded with, the Mortgage. The term "Mortgage" shall be deemed to <br />include "Deed of Trust," if applicable. <br />X FHA ADDENDUM <br />As long as the Mortgage is outstanding, the Lender may declare all <br />. sums secured by the Mortgage to be innediately due and payable if: <br />(a) all or part of the property is sold or otherwise <br />transferred (other than by devise, descent or operation of law) by <br />Borrower to a purchaser or other transferee: ' <br />(1) who cannot reasonably be expected to occupy the <br />property as a principal residence within a reasonable time <br />after the sale or transfer, ett as provided in Section 143(c) <br />and 143f•1i.(c�) of the 1RtQrr.4t• RevsQrrue Code of 1986, as <br />amended;., Orr <br />who has.-had a Ares".% ownerslif 4rsterest in a <br />p f zfpasir.resldence during any ;art of the tlire=•yeir p'ei'iod ' <br />eft"", eft.- gibe date of the sale a;*- transfer, all• as Frc~afded in <br />Sert,icn Mj-d) and 143(1)(2) of Vie internal gevenue <br />Cede <br />frai -��4 percent oramore*ewhere theclatterhappearssIns Section <br />(iti) ..�at an acqutstti0. C¢4t which is greater titan <br />901 of the average area urcliai!e price (greater than 1102, for <br />targeted area residences�..elt.Is` <br />provided in Section 143(e) <br />and 143(1)(2) of the Internal Reuetue Code; or <br />(iv) who has an Income•fn excess of that established <br />Rguidelines <br />applicablerregulationsortProgram in effect on the <br />date of the sale or transfer; or <br />(6) iorrorer Tali! td occupy the property described in the — - - -_ - -- <br />Mortgage without Lender's prior written Consent; or <br />(C) Serro=r cmits or misrepresents a material fact in an <br />application for the Mortgage. <br />References are to the Internal Revenue Code in effect on the date <br />Of execution of the mortgage and are deemed <br />to include the implementing <br />regulations. <br />YA MORTGAGE ADDENDUM <br />If, so long as the Mortgage is outstardfng, all'ca. any part of the <br />Property is sold or transferred by Borrower without Lender's <br />prior <br />written consent, otht.m than a transfer by devise, descent or b <br />operation of law, th* ender may, at Lender's option, declare all <br />the <br />sums secured by the 146k9age to be immediately due and payable. <br />orrower. ;nark Davis' <br />°r ary un oc <br />State of Nebraska <br />County of Hall ss. <br />of The foregafng instrument Kay• acknowledged before Rae this 26 da Y <br />'. 19 <br />, by <br />Witness'_ny hanc and no ar a sea a sa: I+ county.. <br />the date aforesaid.. <br />Lftota <br />y Public�� . - - -_ <br />NIFA 1988 Series B i <br />ry a <br />
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