90107073 - Laserfiche WebLink

Browse

A i ..�.. .47.+1 : {:. ..qµ.., •b�„y�,`Ilf ..1 ,gyp... ..1.�... f:�, f .. . ..•.r �..... ,, csMG7aaC�L.1tR�:`14Lt- R•+�.•. ..- , . MWXBIT E 90 -407073 MORTGAGE ADDENDUM The following are addenda to the Mortgage. Please check the applicable addendum. The addendum checked shall be incorporated into, and recorded with, the Mortgage. The tern "Mortgage" shall be deemed to include "Deed of Trust," if applicable. X1111.,. FHA ADDENDUM As long as the Mortgage is outstanding, the- Lender may declare all sums secured by the Mortgage to be immediately due and payable if: (a) all or par*_ of the property is sold or other- wise transferred (other than by devise, descent or operation of law) by Borrower to a purchaser or other transferee: (i) who cannot reasonably be expected to occupy the property as a principal resident within a reasonable time after the sale or transfer, all as provided in Section 143(c) and 143(1)(2) of the Internal Revenue Code of 1986, as amended; or (ii) who has had a present ownership intezest 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 143 (1) (2) of tt,e Internal Revenue Code ( except that- the language "200 percent" shall be substituted for "95 percent or more" where the latter appears in Section 143(d)(1); or ( iii) at ar; acquisition cost which is greater than 904 of the average area purchase price (greater than 110% for targeted area residences), all as provided in Section 143(e) and 143(1)(2) of the Internal Revenue Code; or (iv) whose family income exceeds the applicable percent of applicable median family income as provided in Section 143(f) and 143(1)(2) of the Internal Revenue Code; or TIM -4 ^�M1jl