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r� <br />90-107220 <br />MORTGAGE ADDENDUM <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 />X FHA ADDENDUM <br />As ijag 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 is sold or other- <br />wise transferred (other than by devise, descent or <br />operation of law) by Borrower to a purchaser or other <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 />(ii) 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 />0195 ercent or more" where the latter appears in <br />Section 143(d)(1); or <br />(iii) at an 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 Irovided in Section 143(e) and 143(1)(2) of <br />the Internal Revenue Code; or <br />(iv) whose family income exceeds the <br />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 />7 �•- :. <br />C <br />J 1M�j <br />