Laserfiche WebLink
ss--- 103391 <br />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 into, and recorded with, the Mortgage. The term <br />"Mortgage" shall be deemed to include "Deed of Trust," if <br />applicable. <br />_ I FHA ADDENDUM'S <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 />7308n <br />(a) all or part of the property is sold or other- <br />wise transferred (other than by devise, descent or <br />operation of law) by Borrower to a purchaser or other <br />transferee: <br />(i) who cannot reasonably be expected to <br />occupy the property as a principal residence within <br />a reasonable time after the sale or transfer, all <br />as provided in Section 143(c) and 143(i) (2) of the' <br />Internal Revenue Code of 1986, as amended; or <br />(ii) who has had a present ownership interest <br />in a principa-1 reasiApnce 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 />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 got of. the average area purchase price <br />(greater than- Ito% for. targeted area residences), <br />all as provided in S ction 143(e) and ..1`43 (i) (2 ) of <br />the internal Rev -eaud' •Cdde; or <br />(iv) who has..an incame in excess of that <br />establishedc; •�Oy the Nebttska Investment,. Finance <br />Authority undet. its apg11'cable regulations or--,pro- <br />gram guidelines. i;; effect on the date of the sale <br />or transfer; or'` <br />L <br />a <br />e i- <br />W <br />r L, ' <br />r� <br />