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90106578
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Last modified
10/20/2011 11:00:09 PM
Creation date
10/20/2005 10:01:52 PM
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DEEDS
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90106578
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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 />xx FHA ADDENDUM <br />As long as the ncrtgage is outstanding, the Lender may <br />declare all sums seccrred 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, desce t or <br />operation of la=w) by Borrower to a purchaser or other <br />transferee: <br />(i) who cannot reasonably he 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 />143(i)(2) of the internal Revenue Code (except that <br />the language "loo percent" shall be substituted for <br />"95 percent . or more" where the latter appears in <br />Section 143(d)(a); or <br />(iii) at an acquisition cost which is greater <br />than 9o% of the average area purchase price <br />(greater than .`120% for targeted area residences), <br />all as provided in Section 143(e) and 143(1)(2) of <br />the internal Revenue Code; or <br />(iv) vhose family income exceeds the <br />applicable percent of applicable .median family <br />income as provided in Section 143(£).'and 143(1)(2) <br />of the Internal Revenue Code; or <br />I - -- <br />,14'a <br />;)Zz _ <br />old.= <br />o c;; 7 9 <br />90�- --1 <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 />xx FHA ADDENDUM <br />As long as the ncrtgage is outstanding, the Lender may <br />declare all sums seccrred 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, desce t or <br />operation of la=w) by Borrower to a purchaser or other <br />transferee: <br />(i) who cannot reasonably he 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 />143(i)(2) of the internal Revenue Code (except that <br />the language "loo percent" shall be substituted for <br />"95 percent . or more" where the latter appears in <br />Section 143(d)(a); or <br />(iii) at an acquisition cost which is greater <br />than 9o% of the average area purchase price <br />(greater than .`120% for targeted area residences), <br />all as provided in Section 143(e) and 143(1)(2) of <br />the internal Revenue Code; or <br />(iv) vhose family income exceeds the <br />applicable percent of applicable .median family <br />income as provided in Section 143(£).'and 143(1)(2) <br />of the Internal Revenue Code; or <br />I - -- <br />,14'a <br />;)Zz _ <br />
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