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90105327
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Last modified
10/20/2011 5:10:53 PM
Creation date
10/20/2005 9:40:34 PM
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DEEDS
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90105327
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F <br />90- 105327 <br />MORTGAGE ADDENDUM <br />( The following are addenda to the Mortgage. Please check the <br />1 applicable addendum. Tit* addondwa chackud shall bu incorporated into, <br />and recorded with. the Mortgage. The term "Mortgage" shall be deemed to <br />Include "Dead of Trust," if applicable. <br />+ X87f FM AADENDUM <br />As long as the Mortgage is outstanding. the Lender may declare all <br />storm secured by the Mortgage to be ismnAtately due and payable ift <br />(a) all or part of the property is sold or otherwise <br />transferred (other than by devise, deacent or operntion of <br />law) by Borrower to a purchaser or other transferee: <br />(1) who cannot reasonably be expected to occupy <br />the property an a principal resident within a reasonable <br />ttcar after the sale or transfer. all an provided in <br />Section 143(c) and 143 (1)(2) of the taternal Revenue <br />Code of 1986, as assailed. or <br />i (it) who has had :+ rrenent ownership interest in a <br />principal residence during any part of the three -year <br />period ending im the date of the sale or transfer. all <br />as provided to Section 143(d) and 143(1)(2) of Litt <br />Internal Revenue Code (exeelit that the language "100 <br />percent" shall he nubarituted for 1195 percent or more" <br />where the latter appears in Section 143 (d)(i); or <br />(iii) at an acquisition coat which is greater than <br />9071 of the average area purchase price (greater than 1101 <br />for targeted area remidences), all an provided In Sectiiin <br />143 (e) and 143 MW of the Internal. Revenue Code; or <br />(iv) whose family Income exceeds the applicable <br />percent of applicable modinn family income as provided <br />in Section 143(f) and 143(1)(2) of the internal Revenue <br />Code{ or <br />i <br />(b) Borrower fails to occupy the property described <br />Lit the Mortgage without prior written consent of Lender or <br />Its successors or awaigna; or <br />(c) Borrower omits or misrepresents a fact that io <br />material with re "peat to the provisioup of Seetlon 143 <br />of the taternal Ravotnto Code in an application for the <br />Mortgage. <br />References ary to the 19811 Internal Revenue Code fit effect <br />on the dote of execution of the Mortgage end are deemed to Include <br />the inplementing regulations. <br />VA WRTQGZ ADDENDUM <br />" ti, s0 a, Iiiiij .ice stir tarn `a jjiija .n <br />of the property is sold or tranufolied by heirrower without I.ruder's <br />prior written consent. other than is trnnplNr by devise, detwiatt or <br />by opetatlon of law. the lender may. sit Lendrr'w optloti, declare all <br />+ the teums secured by tlw Mortgage to be taundiately due and payable. <br />Borrower Russo IF L. bursa .�§r. <br />C- : -bc rrower C r i st f M4 Hur*s <br />�J <br />
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