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88101477
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3/9/2007 5:41:09 PM
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3/9/2007 4:32:07 AM
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DEEDS
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88101477
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<br />I <br /> <br />88_ 10147.7 <br /> <br />The following are addenda to the Mortgage. Please check the applicable adden- <br />dum. The addendum checked shall be incorporated into, and recorded with, the <br />Mortgage. The term "Mortgage" shall be deemed to include "Deed of Trust", if <br />appli.::able ~ <br /> <br />MORTGAGE ADDENDUM <br /> <br />XX FHA ADDENDUM <br /> <br />As long as the Mortgage is outstanding, the Lender may declare all sums secured <br />by the Mortgage to be immediately due and payable if: <br /> <br />(a) all or part of the property is sold or otherwise transferred <br />(other than by devise, descent or operation of law) by <br />Dorrower to a purchaser or other transferee; <br /> <br />(i) who cannot reasonably be expected to occupy the <br />property as a principal residence within a reason- <br />able time after the sale or transfer, all as <br />provided in Section 143(c) and 143(i) (2) of the <br />Internal Revenue Code of 1986, as amended; or <br /> <br />(11) who has had a present ownership interest in a <br />principal residence during any part of the three- <br />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; or <br /> <br />(ill) at an acquisition cost which is greater tha~ 90% <br />of the average area purchase price (greater than <br />110% for targeted area residences), all as provid- <br />ed in Section 143(e) and 143(i)(2) of the Internal <br />Revenue Code; or <br /> <br />(iv) who has an income in excess of that established by <br />the Nebraska Investment Finance Authority under <br />its applicable regulations or program guidelines <br />in effect on the date of the sale or transfer; or <br /> <br />(b) Borrower fails to occupy the property described in the <br />Mortgage without Lender's prior written consent; or <br /> <br />(c) Borrower omits or misrepresents a material fact in an <br />application for the Mortgage. <br /> <br />References are to the Internal Revenue Code in effect on the date of execution <br />of the Mortgage and are deemed to include the implementing regulations. <br /> <br />VA MORTGAGE ADDENDUM <br /> <br />If, so long as the Mortgage is outstanding, all or any part of the property is <br />sold or transferred by Borrower without Lender's prior written consent, other <br />than a transfer by devise. descent or by operation of law, the Lender may, at <br />Lend.r's option, declare all the sums secured by the Mortgage to be immediately <br />due and payable. <br /> <br />Date: <br /> <br />03-24-88 <br /> <br />hUA'~iLI UJ11. .ztk{ <br />'lIorrower Wi 11 iam M. Stah 1 <br /> <br />/rhunl Tin ) c1. q~ ~ <br /> <br />Borrower Dawnita L. Stahl <br /> <br />State of Nebraska <br /> <br />County of <br /> <br />Hall <br /> <br />) <br />) 8S. <br />) <br /> <br />The foregoing instrument was acknowledged before me this <br />March ,19~, by William M. Stahl .s. Oawnita L. Stahl <br /> <br />24th day of <br /> <br />Witness .y hand and notarial seal at <br />county, the date aforesoid. <br /> <br />in said <br /> <br />4010-15 <br /> <br /> <br />...... II ...... <br />OENISE KAY LOWRY <br />It, Com'" ['p Aut 25. 19-')\ <br /> <br />~~ i/j'ldz,&= <br />Notary Public . <br /> <br />My comll1ss1on <br />
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