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MORTGAGE ADDENDUM alS- 103557 The following are addenda to the Mortgage. Please check the applicable adden- dum. The addendum checked shall be incorporated into, and recorded with, the Mortgage. The term "Mortgage" shall be deemed to include "Deed of Trust", if applicable. xx FHA ADDENDUM As long as the Mortgag~ is outstanding, the Lender may Jeclare all sums secured by the Mortgage to be immediately due and payable if: (a) all or part of the property is sold or otherwise transferred (other than by devise, descent or operation of law) by Borrower to a purchaser or other transferee; (i) who cannot reasonably be expected to occupy the property as a principal residence within a reason- able time after the sale or transfer. all as provided in Section 143(c) and 143 (i)(2) of the Internal Revenue Code of 1986, as amended; or (11) who bas had a present ownership interest in a principal residence durjng any part of the three- year period ending on the date of the sale or transfer, all as provided in Section 143(d) and 143(i)(2) of the Internal Revenue Codei or (lii) at an acquisition cost which is greater than 90% of the average area purchase price (greater than 110% for targeted area residences). all as provid- ed in Section 143(e) and 143(i)(2) of the Internal Revenue Code; or (iv) who has an income in excess of that established by the Nebraska Investment Finance Authority under its applicable regulations or program guidelines in effect on the date of the sale or transfer; or (b) Borrower fails to occupy the property described in the Mortgage without Lender's prior written consenti or (c) Borrower omits or misrepresents a material fact in an application for the Mortgage. References are to the Internal Revenue Code in effect on tbe date of execution of the Hortgage and are deemed to include the implementing regulations. VA MORTGAGE ADDENDUM If, so long as the Mortgage is outstanding. all or any part of the property is sold or transferred by Borrower without Lender's prior written consent, other than a transfer by devise. descent or by operation of law. the Lender may, at Lender's option, declare all the sums secured by the Mortgage to be immediately due and payable. Date: July J, 1988 -::J ~ t. ' ~es~ Borrower John L. Schrier -~ \1 Ml'e' __ ,~c:::.\. ~Qf2... orrower Lori S. Schrier County of Hall ) ) ss. ) State of Neln:uka The fo1'8lolnl instrument was acknowledled before lIIe this Julv , 19~, by John L. Schrier and Lori S. Schrier Witneu .Y hand and notarial seal at 6;lh._~ ~ county, tbedate aforesald. 1st day of ln said Hy c08a1asion expires: f a:0ltfl.'J. mAllY.stalI d .... DENISE KAY LOWIlV 4010-15 , -- !'.';'" 11., Comm hp AUI 2S. tlltl d0~~ ~~~, Notary Public / ~