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89102982
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Last modified
10/20/2011 2:25:00 AM
Creation date
10/20/2005 9:38:18 PM
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DEEDS
Inst Number
89102982
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r AF- RECORDER $9-" 101538 <br />Wig-: 102982 EXHIBIT E <br />MORTGAGE ADDENDUM <br />The following are addenda to the Mortgage. Please check <br />the applicable addendum. The addendum checked shall be' <br />incorporated inter, and recorded with, the Mortgage. The term <br />"Mortgage" shall be-deemed to include "Deed of Trust," if <br />applicable. <br />_ X _ FHA ADDENDUM <br />7 <br />As long as the Mortgage is outstanding, the Lender may <br />declare all sums secured by the Mortgage to be immediately <br />due and payable if: <br />(a) all or part of the property is sold or other- <br />wise transferred (other than by devise, desicent or <br />operation of law) by Borrower to a purchaser or other <br />transferee: <br />- <br />(i) who cannot reasonably be expected to <br />s� <br />occupy the property as a principal residence within <br />a reasonable time after the sale or transfer, all <br />as provided in Sectinn 14 .3(c.) and 143(i)(2) .of the <br />. Internal Revenue Code of 1986, as amended; or <br />}� <br />(ii) who has had a present ownership interest <br />in a principal residence during any part of the <br />three -year period ending on the date of.the sale or <br />transfer, all as provided in Section 143(d) and <br />143�i)(2) of the Internal Revenue Code (except that <br />: <br />the language "100 percent" shall be substituted for <br />"95 percent or more" where the latter appears in <br />Section 143(d)(11); or <br />(iii) at an acquisition cost which is greater <br />than 90% of the average area purchase price <br />(greater than 110% for targeted area residences), <br />all as provided in Section 143(e.) and 143(i)(2)-cf <br />the Internal Revenue Code; or <br />(iv) who has an income in excess of that <br />established by the Nebraska Investment Finance <br />Authority under its applicable regulations or pro - <br />gram guidelines in effect on the date of the sale <br />or transfer; or <br />7308n <br />R <br />rp •� <br />
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