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1 <br />89-- 103301 <br />r MORTGAGE ADDENDUM <br />i <br />.The following are addenda to the Mortgage. ,Please check the applicable addendum. The <br />addendum sheoked shalt be incorporated Into, and recorded with. the mortgage. The term, <br />"Mertes go" •hall be deemed to Include "Deed of Trust," If applicable. <br />FNA ADOI NDUM <br />As long as the Mortgage Is outstanding, the Lender ma•y doctors all sums secured by the <br />Mortgage to be immediately due and payable ift <br />(a) alt or part of the property Is sold or otherwise transferred (other than by <br />devise, descent or operation of law) by Narrower to a purchaser or other transferee: <br />(1) %the cannot reasonably be expected to occupy the property as a <br />principal residents within a reasonable time after the axle or transfer, all as <br />provided In Section l43(c) and 143(1)(2) of the Internal Revenue Code of 1986. as <br />ananded; or <br />(11) who has had a present ownership interest in a principal residence <br />during any part of the three -year period ending on the date of the sale or transfer. <br />all as provided in Section 143(d) and 143(t)(2) of the Internal Revenue Code (except <br />that the language 0100 percent" shall be substituted for "95 percent or wore" where <br />the latter appears in Section 143(d)(11); or <br />tilt) at an acquisition cost which is greater than 902 of tfie average area <br />purchase price (greater than 110% for targeted ores residences), all as provided in <br />Section 143(e) and 1430)(2) of the Internet Revenue Code; or <br />(iv) who has an income to .texcess of that established by the Nebraska <br />Investment finance Autharity under its appt:icable regulations or program guidelines <br />In offset on the date of the sale or transfer, ­or <br />(b) Narrower faits to occupy the property • de'scr.i.lre:d in the Mortgage without <br />Lenders* prior written consent; or <br />(e) litarrover omits or misrepresents a asterisk, feet in an application for the <br />Mortgage.,. ' <br />References- are to the internal Novonut Code in effect on the date of execution of the <br />mortgagt and are deemed to include the implementing regulations. <br />• XX VA MORTGAGE ADDENDUM <br />If, so long as the mortgage is outstanding, all or any part of the property Is sold or <br />transferred by Narrower. without lender's prior written consent, other than a transfer by•, <br />devise, descent or by.. operation of law, the Lender may. at Lenders option, declare ail the <br />auras secured by the Mortgage to be Immediately due and payable. <br />06-28-89 G�! <br />1e • so rowerRARIGM, C PRITCHETT <br />Borrower <br />State of Nebraska.) <br />ss. <br />County- of HALL ) <br />This foregoing instrument was acknowledged before me this 29TH day of .IIINF I9—ES <br />by MARION C PRUTCHETT, A SINGLE PERSON <br />witness my !rind and notarial Beal at GRAND ISLAND to :a county, the date a resale. <br />My Cosmfasien.Upireae , <br />4: ROBERTA L. REED Notary Public <br />� %.141nly X loo Lo I11fA 19�N Ser(ss 0 <br />0 <br />lewd - <br />� f <br />M • <br />