89103620 - Laserfiche WebLink

Browse

1 89--- 103620 220601012 MORTGAGE ADDENDUM 7 The following are addenda to the Mortgage. Please check the applicable adden- dum. The addendum checked shall be incorporated into, and recorded with, the Mortgage. The term "Mortgage" shall be deemed to include "Deed of Trust". If applicable. XX FHA ADDENDUM As long as the Mortgage Is outstanding, t.1ta tender may declmtce all sums secured by the Mortgage to be Immediately duce and playable If' (a) all or part of.the property is sold or otherwise transferred (other than by devise, descent or operation of law) by Borrower to a purchaser or other transferee; (1) who cannot reasonably be expected to occupy the property as a principal residence within a reason - abjLe timmr after the sale or transfer, all as Oz6vided Aim Section 143 (c) and 143 (1) (2) of the • .'ItAtttrnal Revenue. Code of 1986, as amended; or (ii) who has had a present ownership Interest. In a 1" principal- residence during any part of the'threa- 'r. yetrr period ending on the date of. the sale or :. traaemfer, all as provided In Section, 143(6) and• 143(1} 0 - -of the Internal Revemot Code; mr (iii) let-an acquisition cost which Is greater than 90% of the average area purchase price (.greater than iVf 1102 for targeted area residences), all as provid- ed in Section 143(e) and 143(1)(2) of the Internal Revenue Code; or (iv) who has an income in excess of that established by the Nebraska Investment Finance Authority under Its applicable regulations or program guidelines In effect on the date of the sale or transfer; or (b) Borrower fails to occupy the property described in the Mortgage without Lender's prior written consent; or (c) Borrower omits or misrepresents a material fact in an application for the Mortgage. References are to the Internal Revenue Code in effect on the date of execution of the Mortgage and are deemed to include the implementing; regulations. VA MORTGAGE ADDENDUM +' If so long as the Mortgage Is outstanding, all or any part of the property is sold or transferred by Borrower without Lender's prior written consent, other than a transfer by devise, descent or by operation of lax, the Lender may, at twnder's option, declare all the suss secured by the Mortgage to be immediately due and payable. llate2 _Tr7T.y 12 Iona Bor Ober KEVIN P. _PMIPPERLE Nor�owle MEG M E. RLE ; . - State arg :lebraska County of u,T.T The foregoing instrument Was acknowledged before me this 13THday of nrt_v , 19„_.$p by _mss` p_ I EFIMM AND MEGAN F.. PFEFFERLE, HUSBANMAND WIFE Witness my hand and notarial seal at (f, f,J� /Ir ��r.� in said county, the date aforesaid. My commission expir s: a�ut+�OMEAi l r v '� • ! � : . ; t ' maw u� mmrra tM� Notary Public 4010 -15 .