89103791 - Laserfiche WebLink

Browse

' MORTGAGE ADDENDUM 89-0-t103791 The foitowino are addends to the Mortgage. Please check the applicable addendum. The addendum checked shall be Incorporated Into. and r.4cosdeaf,' with, the Mortgage. The tors. "Nortiepo" shall be doomed to Include "Deed of Trust." f.f eRpLicabke. ." X} X FMA tADDINOUN As long ea the Mortgage is outstanding. the Lender may declare sit sums secured by the Mortgage to be Immediately due and payable Ifs (a) alt or part of the propperty is sold or otherwise transferred (other than by devise, descent or operation of low) by Borrower to a purchaser.or other transferee: (1) who cannot reasonably be expected to occupy the property as a principal residence within a reasonable t;1me after the sale or transfer alt as provided In Section 143(c) and 1430)(•21 of the Internal Revenue Code of.446 ..a9. amended; or (11) who has had a present ownership interest in a principCI.irosidence during any part of the three -year period ending on the date of the sale or. transfer. all as provided in section 143(d) and 143(1)(2) of the Internet Revenue Code (except that the language 0100 percent" shall be substituted for "9S percent or more" where the letter appears In Section 143(d)(11); or tiff) at an acquisition cost which Is greater then 90% of the average area purchase price (greater then 110% for targeted area residences), all as provided In Section 14 (e) and 143(1)(2) of the Internal Revenue Code; or (Iv) who has an income in excess . of that astobtlshed by the Nebraska Investment Finance Authority under its applicable regulations oe. ;program OuI dot i.n.ef In effect on the date of the sale or transfer; or (b) Borrower falls to occupy the property described in the MortgsSr without Lenders prior written consent; or to)' Borrower omits or misrepresents a material fact In iii ;applIcsti4n fgr the Mortgage. References are to the Internal Revenue Code In effect on the date of execution of the mortgage and are doomed to Include the .Impitment4ris regulations. VA NORTOA00 A009MOUN If, so long as the Mortgage is outstanding, alt or any part of the property F.a ct.d or transferred by Borrower without Lenders prior written consent- other than a,taansfor bir dovlse, descent or by operation of law, the Lender may, at Lenders option, decte*4'all the sums secured by the Mortgage to be Immediately due and payable. 7 -20 -89 � Date Borrower IRKTRA ACKUS Borrower ROBIN RENEE POEHLER state of Nebraska ) et. County of MAI I ) The foregoing Instrument was acknowledged before as this 21ST day of JULY 19 89, by KIRK RAY BACKUS, A SINGLE PERSON AND ROBIN RENEE POEHLER, A SINGLE PERSON. Witness my hand and notarial goal at GRAND ISLAND In sai county, the dot aforesaid. My Commloolen Bapirees .�.�- •��- -� �: liirll��YA L. 14LLU Notify Pu t t *IPA im Series 0 IF