89105116 - Laserfiche WebLink

Browse

EXHI &IT E. . - - - MORTGAGE ADDENDUM _ -- -- - -- - -- -- The fbllowinq are '-addend6 to the ' Mortgage. Please ' check the applicable addendum. 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. ' X FHA ADDENDUM As long as the Mortgage as outstanding, the Leier may declare ' a 11 sums secured' by the Mort ge to be immediately ::. rr: r. due and payable if: :F. io (a) all or parr o£:;.,the pippgrty is sold or other -- ' •; . wise transferred (other descent or .,: operation of law) by` Hor;'r��pr: tq,.;,a purchaser or:; other transferee: (i) who.--.cannot r_easonf;bly be expected,, to occupy the pr* pparty as a principal residem' d -e within -- a reasonable t a after the sale or transfer, all - -' as provided in Section 143(c) and 143(i)(2) of the Internal Revenue Code of 1986, as amended; or (ii) who has had a present ownership interest in a principal residence 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 x.43 (i) (2) .c4f, - -the Internal Revenue Code ( except that 'the language:: .100 percent" shall be substituted for "95 percent or more ',.where the latter appears in Section 143(d)(11);:: :0N (iii) at an acquisition cost which is greater . t•har, -;50% of the average area purchase price (gret er than 110%' for- targeted area residences), all as provided in Section 143(e) and 143(1)(2) of .the Internal Revenue Code; or (, iv) who has.. a,- income in excess of that e,t` ;�.I>Aished by the., ebraska Investment Finance Authdkity under its 'applicab)e regulations car pro- gram guidelines- in effect on. the date of the sale or transfer; •,.or 7'3Q8n