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<br /> . . 91— �°�.8�se8
<br /> . �� • ' 91—
<br /> � E7W IHIT E 10028b
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<br /> ' t r ., . ' MQRTOAOE ADDENDl1M
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<br /> � : ,,.,� i`�• `� The Eollowinq are addeiida to the Mortgage. Please chea
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<br /> � �''� ��'"''-`'�"��;ti{���'� the applic�able addendum. The addendum cheaked shall be
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<br /> �.t . ''�:.+=:- ineqcporated into, and recorded with, the Mortgaqe• T e term
<br /> .`' : ..'` ^fi"_•;�i, . •'Mortgage" shall be deemed to include "Deed of Trust. " iE �--_=---_ - _---
<br /> ' , ° applicable.
<br /> -��ut� '.K .��.
<br />�.a � � ° . ^ XXX FHA ADDFNDUNf
<br />:�x- �s�� �`� � :..�"_�----- -- ---_ -
<br />"`-•� = �:.;��� � "'��'��. : As long as the Mnxtgage is outstandinq, the A,ender may - --
<br /> . °'!�! �����' declare a1L sums securpd by the Mortgage to be imineaiately
<br /> _.;:;' � � due and pa�able iE:
<br />�`;'' ��:'� �. --
<br /> � ���• � ��;s ,: � (a) all or part of the property is scfl�:� mr othec-
<br /> � � wise transfecred (other than by de�aise, d�sc�ea�t ar �--� _
<br /> � operation of la•�r) b7� �orrower to a t�urchaser or othex V°
<br /> ' � transf eree: '• �'`�"``
<br /> ,. . �y
<br /> •,>�.� � .
<br /> .�.:;�
<br /> � - � � �" 1- ( i1 who cannot reasonably be ex��Cected to :.:•...ti,,'.r�.'„�
<br /> '.+lH� r.-"
<br /> ' �,' " � occupy the property as a principal resident within ' � '{'�••
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<br /> * . , ., r1•�,.
<br /> � a reasonable time aFtec the sale ar transfec, all
<br /> ., "'�; , � > as provided in 3ection 143(c) anr� A�3(i)(2) c�E the �-.. . . L. ��
<br /> _"'�' Intecnal Revenue Code of 1986, as am�nded; o� —
<br /> ... .�,.
<br /> �- - ,.., ' �� (f i) who has had a present ownersh�.p interest
<br /> '�'� � � iii a principal residence durinq any part o£ �the
<br /> _ _�::..,;. �;. ...v .,
<br /> _, : — thre�3—j1�38C ��tiod endi.ng on the date a£ t!�e ealp or
<br /> �„3: , � - �•. —_.. .-.-_ -� --
<br /> � ��������'- '} `' ._' ` � trarisEer, all as pravided in SecCion 143(d) and _____
<br /> , �� ?;;�r;� , ; .. : � .'` 143(i) (2) oE the Internal Revenue Co�e Qexcept that i--»�-�:--
<br /> �`�{ 'to�ti.;��'+Y•,jt�,'i' , u u �,.�}1! �Ilc.�_
<br /> , �,�<; ' �r�.�',.• • , �he laiiguage 100 percenC shall be sulbstituted Eor ��•'I '.�.r. ..
<br /> ;,:.�t� ,i`�"',� �`�'f�;;��� . •'95 percent oc more" where the latter appeacs in �' �.��-: .��r-,-:_
<br /> •�' '`� �• �' Sect ion 143(d)(1) ; or • �*'������
<br /> . ,. . .. I�FPC,"';r�y;,L'C.r�
<br /> � �� �� (iii.) aC an acquisition cosC which is greater k'�' rpfYi
<br /> , � _,�n�=� �
<br /> ., �., , than 90� oE the averaqe area purchase price , �;�,:.,:�:,A'�� '.''��
<br /> •�° ' (greater than 11U�a for targeted area residences). � i;�,:��:.,,,;,..,�;i,7,
<br /> r all as provided in Section 143(e) and 143( i) (2) of ��'���
<br /> � 1� �C:,i��5iw��Yr:._
<br /> . ;�;;:. �he Internal Revenue Code; or '; . . � ; ��"�'"'-�_°_
<br /> .�� . ... . . . '' �'� �-:�
<br /> :��'1 �•�, :�, t. + � :i'�''�" .���'�'.'.
<br /> '";;'; `�.` .:'�:� " !�'",�iu+� ' (�v) whose fa�nily income exceQ�ls the appli- ,'�- .'�';'a�T�;,;r
<br /> ��;, -. .`'.:�; .;„" ���' cable ercent of a li.cable median family income as � �ti=�.•`' '-�5�'��
<br /> �� ' � � provided in Sectionpi43(E) aa�d 143(i)(2) of the �'(.����•yj`���
<br /> , ,.(:�.;I,� .9 . - ' � . �� f'l6�'�/F�
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<br /> '�'•;�;��� - . Internal P.evenue Code; or ��:..: . ' ,. `:Y•
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<br /> ,; y, _ .. . .:��,,,'•�j�.� (ta) Borrower Eails to occupy the propertf • _-
<br /> ''�.�•;',�<.�, � �. „ , descr ibec! in the M�rtyaye without prior written consenC .
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<br />� ..A,":`�'���` .; ." of Lender or its succPSSars oc assigns; or � � """"^� � „
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<br /> ��'' � . � �� ��i�%'� ;'�� ' (c) Burrower oinits or misrepresec�ts a £act thati is
<br /> , �l'.;:':'�i1"� :.
<br /> �' � . ,�,. : �.., ma�erial wi �h respect to the provisio�is of Sectio�i 143
<br />' ' ' �{`i�`f��,� � oE the Is�ternal F.�venue Code in a[t application for the �
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<br /> ., �';�''�, ";;,�;i,�.;,',::�.t,��; ..� References are to *fie 1986 I►iCec:aal P.e��enue Cec�e i�
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<br />� ?F �^�i'��� �t� `�� effe�t �[1 Clle date OF BX@C�1t1^13 Cf t:9@ 1��7CtGJ8��3 c'it'U� arp
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<br /> �'n,'�L ' �•;����'r� , deemed to inciude the implememting regcnlations .
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