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90106843
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Last modified
10/21/2011 12:05:03 AM
Creation date
10/20/2005 10:06:27 PM
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DEEDS
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90106843
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7_7 <br />EXHIBIT E <br />MORTOAQE ADDM4DU?4 9o.. 10 V 84 3 <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 />M= FHA ADDF4DUM <br />a _ <br />As long as the iortgage is outstanding, the Lender may <br />to be immediately <br />declare all sums secured by the Mortgage <br />due and payable if: <br />(a) all or part of the property isdescentrorther- <br />_— <br />wise transferred (other than by <br />or other <br />operation of law) by purchaser <br />transferee: <br />, <br />(i) who cannot reasonably be expected to^� <br />occupy the property as a principal resident within <br />the sale or transfer, all <br />a reasonable time after <br />as provided in Section 143(c) and 143(1)(2) of the <br />L� <br />Internal Revenue Code of 1986, as amended; or <br />(ii) who has had a present ownership interest,; <br />in a principal residence during anyaparttof sale or <br />three-year period ending on the date - <br />as provided in Section 143(d) an <br />- <br />��'• . <br />transfer, all <br />143(1)(2) of the Internal Revenue Code (except that <br />be substituted for <br />,,,,, .',,, : i.r•- <br />the language "100 percent" shall <br />in <br />"95 percent or were where the latter appears <br />,�, <br />Sect i.,n 143(d)(1); or <br />Xaz <br />(III) at an acquisition cost which is greater <br />than 901 of the average area purchase price <br />.. ;.,;.. <br />(greater than 110$ for targeted area residences), <br />in Section 143(e) and 143(1)(2) of <br />all as provided <br />the Internal Revenue Code; or <br />°. <br />(iv) whose family income exceeds the appli- <br />cable percent of applicable median family income as <br />and 143(1)(2) of the <br />„ <br />provided in Section 143(f) <br />Internal Revenue Code; or <br />(b) Borrower fails to occupy the property <br />described in the Mortgage without prior written consent <br />of Lender or its successors or assigns; or <br />(c) @cr•rower omits or misre ?resents a fact that is i <br />material wjtifa respect to the provisions liof section the <br />of the Internal Revenue Code in an app <br />Mortgage. <br />References are to the 19e,5 Internal Revenue Code in 7 <br />effect on the da`e of execution of the Mortgage and are ;r <br />deemed to include the implementing regulations. / <br />• ��� �/ Gam' ,' , <br />Borrower Holmes <br />Boma- er <br />i <br />
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