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<br />88-105339 <br /> <br />MORTGAGE ADDENDUM <br /> <br />Thll foIowt1g ani' addenda to the MOI1Q1QII. PlMIIt check appUcabJe addendum. The addendum checked shall be <br />ill,o<l"..tod Into. ."d reconled with. tho MoIlgago, Tho torm .MoIlgago' ohaD bo doomod 10 Includo 'Ooed ot <br />Trust'. . oppIc:abIo. <br /> <br />_X_ FHA ADDENDUM <br /> <br />As long as the Mor1geg8 ls outstanding, the Lender may declare sO sums secured by the Mortgage to be <br />_oIy 000 ."d payablo It. <br /> <br />(I) d or part 01 the property ls sokl or othl!lfWise transferred (other than by dovlsll. lJescent or <br />opention of law) by Borrow. to II purchaser or other transferee: <br />PI who conn01 ....cnabIy be expectod to oceupy tho proptll1y .. 0 pmclpol ....Idonco within 0 <br />,...,onabIe time after the sale or bans1er, olD liS provided In SectIon 143{c) IUld 143(1)(2) of the <br />Internal Rnvonul!I Code 011986. Ia amended: Of <br />(i) who has had 0 prosent OWllllRhIp Int.....t In 0 princlpoJ ....ldence during ony port of the <br />three-yMl' period endktg on the dill! or the sale 01 transfer. aI as provided it SectIon 143(d) and <br />143(1)(2) of the Internal Revenue Code (except tha1 the language .'00 percent- sMl be substituted tor <br />.95 _t or """". wh.... tho 10.... oppolU$ In SocUon 143(d)(11): or <br />(W) ".w1 Iccp.lisJUon cost which Is greater than 90% of the average allla PUrchl!S8 price (greater than <br />11~ tor torgoIod ""'" rosIdencos). all .. provided In SectJon 143(e) end 143(1)(2) ot tho Internal <br />R....enu. Code; or <br />(tv) who has IIJ1 Income In excess of that estab8shed by the Nebraska Investment Flnance Authority under <br />Ita appIiicabie reguLaUons or program guldeHnes in effect on the dale of the saJe Dr lm1sfer: or <br /> <br />(b) Bcnow.. taBes to OcaJpy lhe property described in the Mor1gage without lender's prior written <br />oonsen1; or <br />(e) Borrower omIla or ll'IIropreallllS 0 _lI1oJ fact In en oppIIc:01Ion for tho Mof1gago. <br /> <br />Ref.-..c:el .. to the Internal Aev"uI Code in eft'ect on the date of DlCUUon of the morrgage and are deem&d <br />10 Include tho impIomontIng __0, <br /> <br />VA MORTGAGE ADDENDUM <br />rr, 10 long u the Mortglige ill outltandng. .. or any part of the property 1& sold or tranafcn.d by Bormw. <br />wtthouI L.IrtcW'. prtor wrilten cannot. oth. lhan . ban." by devfse. descent or by opwalion of law, the <br />L.lI1dor "'"Y. III L.lI1dor's opllon. _ d tho sums ooc:u.-d by tho MoIlgago 10 be _toly due end poyablo. <br /> <br />/ /- <br />Data: September 30, 1988 /~ III (ck,1L~ <br />aI M Denman <br /> <br />S1aIe of N_ ) <br />Ccunly of ~J III. <br />The ~ i'la.lrunwlt was acknowledged bMore me lhls ~ day ot ,,<:;.., oj.p~ /,~ c <br />19~, by PWgiI M o.nm.n JI. I ' <br />WIInus my hand ."d notsrloJ seol .~ In said county.~thO , <br />G ...,J.":l:,/g.c! . <br />. ~""",,tf~ <br />My CorrInIoslcn E:rpia: 7.:?~ Ron SCIIn <br />MFA ,. ISWE 8 RXXUEF (!JMl <br /> <br />-.......... <br />_1CIlIIEIllEIl <br />1Il_r..JlbZo\,lllll <br />