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<br />r- <br /> <br />"( . <br />88-'101692 <br />MORTGAGE ADDENDUM <br /> <br />The following are addenda to the Mortgage. please check the applicable adden- <br />dum. The addendum checked shall be incorporated into, Bnd recorded with, the <br />Mortgage. The termUMortgage" shall be deemed. to include "Deed of Trust", if <br />aJipU.cBble. <br /> <br />xx FHA ADDENDUM <br /> <br />As 10Dg Bsthe Mortgage is outs~andln8, the Lender may declare all sums secured <br />by the Hortgage ~o be fmmediately due and payable if: <br /> <br />(a) all or part of thepx:operty is sold or otherwise transferred <br />(other than by devf.se~ deacentor operation of law) by <br />Borrower to a purchaser' or other transferee; <br /> <br />(1) 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 Secdon143(c) and 143 (i)(2) of the <br />Internal Revenue Code of 1986. as amended; or <br /> <br />(ii) 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 />(iii) at an acquisition cost which is greater than 90% <br />ot the average area purchase price (greater than <br />110% for targeted area residences). all asprovid- <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 />ineflect 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 oaits 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 Mortgsge and are deemed to include the implementing regulations. <br /> <br />VA MORTGAGE ADDENDUM <br /> <br />.If, 80 longa8the Mortgage is outstanding, all or any part of the property is <br />Bold or traDllferred by Borrower without Lender's prior wrlttenconsent, other <br />than a transfer by devise, descent or by operation of law. the .Lender may, at <br />Lender'. option, declare all the yuma secured by the Mortgage to be immediately <br />due and payable. <br /> <br />Date: <br /> <br />March 23, 1988 <br /> <br /> <br />Bo <br /> <br />Stat. of Nebr..ka <br /> <br />) <br />) ss. <br />) <br /> <br />County of Hall <br /> <br />The for.loing inst1"UlMnt was acltnO"",ledged before me this 23 <br />. March., 19-!llL. by Daniell.. Boroff and Renee M. Boroff. <br /> <br />Witne.. ., hand and notarial .eal at ~~~~~1 <br />eounty, tb.dat.afora.aid. <br /> <br />day of <br /> <br />in said <br /> <br />"' eo..t..ion ..pir..: <br /> <br />CEI(WI3TMV-stD If.... <br />oeNISE KAY lOWM' <br />My Comm rIll All' IS. I'"~ <br /> <br />J&1/~' ~~Jtf <br />\'fotary Publ1c. ' <br /> <br />4010..15 <br /> <br /> <br />