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90106240
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Last modified
10/20/2011 9:28:36 PM
Creation date
10/20/2005 9:56:08 PM
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DEEDS
Inst Number
90106240
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rGWl3•�. <br />MCHIBIT E <br />MORcavnvE 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 Trusts, if <br />applicable. <br />F. Lu A :AU17MUN <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 />(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 resident within <br />a reasonable time after the sale or transfer. all <br />as provided in Section 143(c) and 143(1)(2) of the <br />Internal Revenue Code of 1986, as amended; or <br />(ii) who has had a present ownership interest <br />in a principal residence 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 />14z(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)(1); or <br />at an acquisition cast which is greater <br />than 90% of the average area purchase price <br />(greater than 1103 for targeted area residences), <br />all as provided in Section 143(e) and 143(i)(2) of <br />the Internal Revenue Code; or, <br />(iv) whose family income exceeds the <br />applicable percent of applicable median family <br />Se <br />income as provided ia- ction, 143(f) and 143(i)(2) <br />of the Internal Revenue Code; or! <br />7�t 1. lr i . t -.il`' T- T - J . <br />..... .:' - C.. • 1 � <br />T <br />,1 <br />MCHIBIT E <br />MORcavnvE 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 Trusts, if <br />applicable. <br />F. Lu A :AU17MUN <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 />(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 resident within <br />a reasonable time after the sale or transfer. all <br />as provided in Section 143(c) and 143(1)(2) of the <br />Internal Revenue Code of 1986, as amended; or <br />(ii) who has had a present ownership interest <br />in a principal residence 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 />14z(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)(1); or <br />at an acquisition cast which is greater <br />than 90% of the average area purchase price <br />(greater than 1103 for targeted area residences), <br />all as provided in Section 143(e) and 143(i)(2) of <br />the Internal Revenue Code; or, <br />(iv) whose family income exceeds the <br />applicable percent of applicable median family <br />Se <br />income as provided ia- ction, 143(f) and 143(i)(2) <br />of the Internal Revenue Code; or! <br />,1 <br />
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