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<br /> - . .r`Y� w"� �)'^!�41+: '_ _�____..
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<br /> , ��'°.","',�"i � ' ' ' ' $ .r —.-- --
<br />-- ,���wr�a±� . E:SIIBZT E q� � �Q�Q� ��- - -
<br /> ' �"��: "~� MORTOAOE ADDENDUM °""=-• �
<br /> , � .-�.,
<br /> � .��'�•"��� �^ �'` The Eollowinq ace addenda to Che Mortgaqe. Qlease check
<br /> cable addendum. The addendum checked shall be ���� -
<br /> . � the appli The Cerrn ...�_,..:_
<br /> � incocpocated into, and recorded with, the Mortgaqe. �_-_- ----_ ----_,..
<br /> � "Mortgage" shall be deemed to include "Deed o� Tsust," 1E �
<br /> aeBlicable.
<br /> . � . ,. ' �, XXX FFlA ADDENDIJM . —_
<br /> ' .. . . -),�4 �'T,:S�_:'7lIS�SR'G� -
<br /> '���. ,::: �
<br /> � As long as the Mortgage is outstanding. the Lender may ;.;, a;,��,,:v�-�
<br /> ��' . dec lace al l sums secured by the Mortgag� to be immediately �•�_�?��_--�
<br /> ' ,;,, due and payable i�:
<br /> � �s���
<br /> '�. � all or art o� tha� pcoperty is sold or other- �'"CI•���------
<br /> (a) 1P . '`,��E,?';:----�--�.
<br /> � "��' � wise transferre�l (other than by devise, dl�seent or
<br /> .r,i��n!c'�:�:;�.�:-r.
<br /> . , operation of laa) by Borrowec to a purchaser oc nther �;�r.:� .
<br /> ��
<br /> transfere�: • ,:�";.
<br /> . . ; � .1� ;_
<br /> ( i) who cannut reasonably be expected Co ; • .
<br /> � , occupy the property as a principal r�sident within , ,. :;,�,:-.__. -� -
<br /> ��c,�i_:
<br /> a r.easonable time after the sale or transPer, all F .��,�a:=
<br /> � . as provided in SecCion 143(c) and 143( i)(2) of the r�,' .,. �:.-.':tt�---
<br /> �;, ,.�;,Q,, Intecnal Revenue CQde of 1986, as amended; or � -_
<br /> i.�;/ `-7ry'M'r-
<br /> i �...�i::��:.•'; t�. � �`}�'
<br /> .,, • .;-�r„ ^,��w� (ii) wha has ha�3 a present ownership intecest .
<br /> i : -
<br /> in a prii��l�.a2 resid�ncs during any part of rhe =__ -,;;�,f,:._
<br /> :: �;`�;;; � ��� � �hree-yea� geriod endin on the date of the sale or � ; +
<br /> .,�(�; ,�;'; �,' .. �- �'1'.-i,
<br /> tcansfer, all as prov3ded in Section 143(d) and , ��.:
<br /> ,.,.,;..,
<br /> ':��� • 143'( i) (2) of the in�ernal Revenue Code (exce�t that . .
<br /> � �he language "100 percent" shall be substittited far �,_ ,'�`;.�_:..�` �..� r�f,�
<br /> ,� „ ` . "95 percent or mare" where t.he latter appears in �, �, . ._�I,��.�.:
<br /> . ,. :�� 3ection 143(d)( 1) : or • � .. . :�i�e��.:
<br /> �• ,�, .. , ; • _�,�^,..
<br /> ,•. �.� .� •"''� � reater t'' �,,.;•,�, , ''
<br /> �r„�rn,,;� � `�;�: .
<br /> ��::.'•^:'���,; (i i i) a� an acquis it ion cost which is q ��,,i
<br /> '��,°�,:'�-�:;;:��` than 90$ oE the �veraqe area purehase pcic:e � ��,';; ;�
<br /> ��..,�,,<<r
<br /> . •� ";�` alleaseCrovidedlin Sectiong143(e) andC143(i)(2),of �. ��� ..
<br /> '��;..
<br /> n 1';,
<br /> r `,i..
<br /> the Internal Revenue Code; or � '',►�r�-=.:-
<br /> . � • , : . ..�r�:;
<br /> . �;���'� ( iv) whose family income exceeds the appli- , � ��,.`
<br /> ' ' '�'� cable percent of applicable median Eamily income as � . �.,;,.;
<br /> -. provided in Section 143(f) and 143(i)(2) oE the � �::� .
<br /> ; „(`�.
<br /> .. .,...
<br /> • .' Int ernal Revenue Code; or ; ,
<br /> , .... j `' �`
<br /> ��:�'•�:r: •; _�� � ..
<br /> ' !.
<br /> ; � '� • ,� ; (b) Borcower Eails to occupy the property
<br /> • - describeci in the Mor�gage without prior written consent
<br /> • - of Lender or its successors or assigns; or
<br /> : ;� .< ,.
<br /> �� '�•. (c) BorrowAr omi+~s or misreprese�its a Eact that is
<br /> .''';;.� ��:�'. � material with respect to the provisioiis of Sectian 143
<br /> ' , ,� of the Internal Revenue Code in an application Eor the
<br /> Mortgage.
<br /> '�� References are Co the 1986 Intprnal Revenue Code in
<br /> ��•:,.,., eFfer.t on the date oE ?xecutio�i oE the Mortgage and are '
<br /> . deemed to inc lucle r_he impl.ementinq �e�ulations.
<br /> _�.�\_: (:i ii �i. ( �
<br /> _ . . � Rrirrn4tPC Patrick E. Wilaey
<br /> � _\• �� ---- � �"� '. ' ,
<br /> • ' I '� / " � , % , j " .�.
<br /> ; � / /� :,' 1_i�J
<br /> BoCCO�pr Michelle a. Wilsey 1
<br /> 1
<br /> . �
<br /> �I
<br /> ;
<br /> � 1
<br /> ►, -
<br /> . �
<br /> �, � -
<br />
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