88105332 - Laserfiche WebLink

Browse

88~05332 MORTGAGE ADDENDUM The foltowi1g lUll addnncll to the MOI1g1ge. Please check appRcable addendum. The addendum checked shill be Incorporated Into. lDl1d recorded with. the Mortgage. The term .Mortgige- shall be deemed to Include .Oeed 01 Trusl". If appVcable. _X_ FHA ADOENDUM As long u the MOl1gage II o:J1atBndlng, the Lender may dedare all sums secured by the Mortgage to be Immlldlaloly wo ond payable 11: (II d at part of the property II lold or otherwise tnmsfemtd (other than by devlsl!l, 1r.scent or operation of 1Iw) by Borrower to II purchaser or other transferee: (I) who cannot reasonably be expected to occupy the property HS a princfpal residence within a reasonable time after the sal6 or trsnsfer. aD liS provided In SectJon 143(01 sod 143(1){2) of the Internal Revenue Code of 1988. I!IS amended; or (II) who has had. present own8r.lhlp Inlera! In a prtnclp../ residence during any part of the three-y..- period ending on the date 01 the sale or transfer. aD as provided In SectIon t43(d) and 143(1)(2) of the Internal Revenue Code (except thai Ihe language "100 percentM shan be substituted lor M95 percent or moreM where the Latter apPe&nl fn SectJon 1431d)(11); or (Ii) at Ul acquisition cost which Is greater than 90% of the average Brei purchase price (greater 1han no.. for largeted area resldences), all III provided In Section 143(0) and 143(1)(2) of the Intemal Revenue Code; or (iv) who has an Income In excess of thllt eetlblished by the Nebra:ska InvC'stment Finance Authority under tls appIcabJe regulltlons or program guldeUnes In effect on the date 01 the sale or Inlnsfer. or (b) Borrow... ~es to occupy the property desaibed In the Mortgage without lender's prior written consent: or Ie) BOOOWII' omfts or misrepresents a material fact In an appHcatlon for the Mortgage. Aelarancea ... to the Internal Revenue Code Ir, effect on the dale of el'Iecutlon of 1he mortgllge IInd are deemed 10 Include the Implenw1ting regu"UonI. VA MORTGAGE ADDENDUM It, so long .. the MOC'tIiJlQe II OUlllandlng, .. or any par1 of the property is soJd or transferred by Borrower without Lender's prior wrlt1en coosent, olh. than I transfer by devise, descent or by operallon of law, the Lander may. at Lender's option, declare I. the sums sOQJred by the Mongage to be Immediately due and payable. /) , '~ Dat8: September 30. 1988 ( A I _ ) y U'l'lif ,t{:\ ;- C<{/ZL- P.mel. J Kav. Slot. 01 Nobra.... ) County 0I......r->/).. Tho ~ in_I.... ocknowledoed before me 'hi. ~ cloy 01 ~ ~~" ~ l.,.~ T8-Si:-, by - J Kava f<; ~ I WIln... my ....d ond nolortal .... 0' ~ in sold counly I dote d, J G"A...l T,,1......i ~~4 V} My CormOosIon Expno, 7-2--9,2 Ron Schn_ ('(&I, MFA 1ie! ISSUE 8 RJOO.A3' (MWl1 I~-:~-:I