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v <br />89.., 102856 91441 -1-20 <br />• MORTGAGE ADDENDUM <br />the following are addends to the Mortgals. Please check the applicable addendum. The <br />addendum chocked shall be incorporated into, and recorded with, the Mortgage. The term <br />"Mortgage• &halt bo_dsaaed to include wbotd of trust." if applicable. <br />J_ FHA ADDENDUM <br />As long as the Mortgage is outstanding, the Lander may declare all sum$ aeoured by the <br />Mortgage to be Immediately due and payable ift <br />(a) Ott or part of the property is sold or otherwise transferred.(other then by <br />devise, descent or operation of taw) by Borrower to a purchaser or other transferee: <br />(i) who cannot ressonobly be expected to occupy the property as a <br />principal residence within a reasonable time after the sale or transfer, all as <br />provided in Section 143(e) and 143(1)(2) of the Internal Revenue Code of 1984, as <br />amended; or <br />(11) who has lead a present ownership interest in a principal residence <br />during any part of the !fuse -year period ending on the. data of the sale 4F., 4Parislper, <br />all as provided fne.Section 143(d) avd,, 143(1)(2) of the Internal Revenue q-vdo twvpt <br />that the language !'100 percentM'staotl be substituted for "99 percent or morew where <br />the latter appears ice 9ectfact 143(d)c%T); or <br />at ' eiA 4%44 ftit ioe�`cast which is greater than 90% of the average area <br />purchase price tgreater than 110% for targeted area residences). all as provided in <br />Section 143(x) aced 143(1)(2) of the Internal Revenue Code; or <br />(j V1 w.tp'. has income in excess of that I atab.ktahed by C?te ebraskg' <br />Invest*omt Finance Auth'ocity under its applicable reg4le -tiaos oc-prograM 9�3detsirEaa" <br />In effect on the date of the sets or transfer; or <br />(b) Borrower faKs to occupy the property described in the Hart goge "mI thout' <br />t <br />Lenders prior written monseht; or <br />(c) Borrower osits or misrepresents a material fact in an application for the <br />!_- <br />Mortgage. <br />References are to the 'Internal Revenue Code In effect on the date of execution of the <br />mortgage and are deemed to Mr ude the implementing regulations. <br />VA MORTGAGE ADDEMOUW '• <br />(f, to long as the W.mzrtgage is outstanding, all'mr any port of the property fs sold or <br />transferred by Borrower %0 thout Lender's prior written cantent, other than a t ^,ansfer by <br />devise, - ;descent or by operation of law, the Lander may, at Lender's option, declare all the <br />sums secured by the Mortgage to be immediately due and payable. <br />June 05, 1989 „ n <br />_ <br />Oati Borrower <br />Geneva C. Smith <br />Borrower <br />_ <br />Stets Q! Nebraska ) <br />'County. of, HALL ss.:.:, <br />the'..foregoing instrument was acitnawledged before me this 5th day elf. June 1989 <br />by <br />Geneva :a, Ssith, a single per on <br />Yitnoss ■y hand and notarial gal at rafid Island in said county, the date eforesa -id. <br />My Coaa ss n Expires: <br />- -- � <br />Notary P <br />ub� <br />tdARILYN J. SECKL,A <br />MIFA 1988 Series o -- my comm. Esp. <br />.mss g! <br />�i <br />r <br />