Laserfiche WebLink
<br />I" <br /> <br />88- 102161 <br /> <br />MORTGAGE ADDENDUM <br /> <br />r <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 ''Hortgagell shall be deemed to include IIDeed of Trust". if <br />applicable. <br /> <br />,'. <br /> <br />xx FHA ADDENDUM <br /> <br />As long as the Hortgage is outstanding. the Lender may declare all sums secured <br />by the Hortgage to be t.mediately due and payable if: <br /> <br />f: <br />~, <br />~ <br />~ <br /> <br />(a) all or part of the property is sold or otherwise transferred <br />(other than by devise. descant or operation of law) by <br />Borrower to a purchaaer 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 tilll8 after the sale or transfer. all as <br />provided in Section 143(c} and 143(1) (2) of ehe <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 />tranafer. all 08 provided in Section 143(d) and <br />143(i)(2) of the Internal Revenue Code: or <br /> <br />(iii) at an acquisition cost which is greater than 90% <br />of the average srea purchase price (greater than <br />110% for targeted area r.sidencea). all aa provid- <br />ed in Section 143(e) and 143(i)(2) of the Internal <br />Revenue Code: or <br /> <br />(iv) who hss 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 Hortgage. <br /> <br />Referencea are to the Internal Revenue Code in effect on the date of executiQn <br />of the Hortgage and are deemed to include the implementing regulations. <br /> <br />VA HORTGAGE ADDENDUM <br /> <br />If. ao long a. the Hortgage i8 outstanding. all or any part of the property is <br />aold Dr transferred by Borrower without Lender's prior written consent. other <br />than a tran@fer by devise. descent or by operation of law. the Lender may. at <br />Lender'. option. declare all the IUmB secured by the Hortgage to be immediately <br />due and p.yable. <br /> <br />Date, <br /> <br />05-2-88 <br /> <br />~ f) -0./h~~ <br /> <br />Borrower Dennis o. Hilderbrand <br /> <br />'-rY)lL 11. , 0 n ~ ) K. -Llun-lJdM <br />Borrower Marlene K. Svoboda <br /> <br />Stete of Rebraaka <br /> <br />.., <br /> <br />County of Hall <br /> <br />L <br /> <br />The fore.oing in.tr\IIHnt was acknowledged before DIe this 2nd day of <br />Hay . 19~, by Dennis D. Hilderbrand and Marlene K. SVOiiij"da <br /> <br />Vitne.. .y hand and notarial .eal at <br />county. the dete afore.aid. <br /> <br />~J JsluJ <br />A . ,// -/ <br />~fl.u;..( )yz" {7>tJL-,'Cj- <br />Notary Public ,7 (/. <br /> <br />in .aid <br /> <br />My co.ailllon expire.: <br />~ CUWlIl'UY4I!lIrA ..... <br />~ O[NI$[ KAY lOWllY <br />:.'?:.' """ II, Co_ h. ... a "" <br /> <br />4010-15 <br />