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90106987
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Last modified
10/21/2011 12:40:17 AM
Creation date
10/20/2005 10:09:23 PM
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DEEDS
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90106987
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tom' :•:1M,�1'.l,�b -•I <br />`;t ' •= �' ''r '? As long as the Mortgage is outstanding. the Lene er may <br />°= <br />g y :.srr►, <br />�.� declare all sums secured by the Mortgage to be immediately °,;� . ,.�a.. <br />t t • ^'• -- ..3 a t� - <br />�:�':, due and payable if: <br />" (a) all or part of the property is sold or other- r:f; <br />wise transferred (other than by devise, descent or <br />operation of law) by Borrower to a purchaser or other <br />transferee: ,, !e ::•._= <br />(i) who cannot reasonably be expected to <br />Erinci al resident within i�',` '` <br />occupy the property as a principal <br />�,,.. <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 Rete:n °.:•e 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 />r three -year period ending on the date of the sale or <br />transfer, all as provided in Section 143(d) and <br />143(1)(2) of the Internal Revenue Code (except that <br />the language 11100 percent" shall be substituted for .�•.� <br />"95 percent or more" where the latter appears in <br />Section 143(d)(1) or <br />at a.: acquisition cost which is greater <br />than 90% of the average area purchase price <br />( greater than 110% for targeted area residences) , <br />all as provided in Section 143(e) and 143(1)(2) of <br />.�. ,. the Internal Revenue Code; or <br />J1 .' . (iv) whose family income exceeds the •• . •�t <br />Y" applicable percent of applicable median family <br />income as provided in Section 143(f) and 143(1)(2) <br />of the Internal Revenue Code; or <br />- <br />t <br />-w� <br />90- <br />WOKE <br />�y 9 <br />+, :; d E <br />ECHIHIT E <br />MORTGAGE ADDENDUM <br />- -_ - - "- T <br />The following are addenda to the Mortgage. Please check_ t <br />the applicable addendum. The addendum checked shall be <br />r7l <br />incorporated into, and recorded with, the Mortgage. The term r <br />•� Trust if <br />"Mortgage shall be deemed to include Deed of " <br />" <br />r,= <br />applicable. <br />Xx FHA ADDENDUM <br />�:� -':. `. ,•,. i t <br />t Jf r <br />- <br />t <br />
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