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J <br />0 <br />T. , '. <br />r (l4s: .. <br />' tapir. .; • .,;r��a r, <br />�'y •.'its -.: '� - <br />S' <br />r. <br />s <br />EXHIBIT E 90- -107065 <br />MORTGAGE ADDENDUM _ <br />The following are addenda to the Mortgage. Please check <br />the applicable addendum. The addendum checked shall the term <br />incorporated Into, and recorded with, the Mortgage• <br />"INortgage" shall be deemed to include "Deed of Trust," if <br />applicable. <br />XXXX FKA ADDENDUM <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 isent or <br />or other- <br />wise transferred (other than by devise, descent <br />or other <br />operation of law) by Borrower to a purchaser <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 />(it) 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(1)(2) of the Internal Revenue Code (except that <br />the language "100 percent" shall be substituted for <br />1195 percent or more" where the latter appears in <br />Section 143(d)(1); or <br />(iii) at an acquisition cost which is greater <br />than 90s of the average area rurchase 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 />tiv) whose family income exceeds the appli- <br />caUle percent of applicable median family income as <br />provided in Section 143(f) and 143(1)(2) of the <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) Borrower omits or misr'z :,vtesents a fact that is <br />naLerial with in an application Section <br />applicationfor the <br />Mortgage. <br />i:'eferences are t,,te 1986 Internal Revenue Code in <br />offer_t on the date cf execution of the Mortgage and acre <br />deemed to incl•ade the implem'entbig regulations. <br />BOCr owe r Allan D. Grell <br />Borrower Marci L./Grell <br />F„_ <br />I <br />I <br />r <br />I <br />•'r ; <br />T. , '. <br />r (l4s: .. <br />' tapir. .; • .,;r��a r, <br />�'y •.'its -.: '� - <br />S' <br />r. <br />s <br />EXHIBIT E 90- -107065 <br />MORTGAGE ADDENDUM _ <br />The following are addenda to the Mortgage. Please check <br />the applicable addendum. The addendum checked shall the term <br />incorporated Into, and recorded with, the Mortgage• <br />"INortgage" shall be deemed to include "Deed of Trust," if <br />applicable. <br />XXXX FKA ADDENDUM <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 isent or <br />or other- <br />wise transferred (other than by devise, descent <br />or other <br />operation of law) by Borrower to a purchaser <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 />(it) 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(1)(2) of the Internal Revenue Code (except that <br />the language "100 percent" shall be substituted for <br />1195 percent or more" where the latter appears in <br />Section 143(d)(1); or <br />(iii) at an acquisition cost which is greater <br />than 90s of the average area rurchase 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 />tiv) whose family income exceeds the appli- <br />caUle percent of applicable median family income as <br />provided in Section 143(f) and 143(1)(2) of the <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) Borrower omits or misr'z :,vtesents a fact that is <br />naLerial with in an application Section <br />applicationfor the <br />Mortgage. <br />i:'eferences are t,,te 1986 Internal Revenue Code in <br />offer_t on the date cf execution of the Mortgage and acre <br />deemed to incl•ade the implem'entbig regulations. <br />BOCr owe r Allan D. Grell <br />Borrower Marci L./Grell <br />F„_ <br />I <br />I <br />r <br />I <br />