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1988
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88106321
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Last modified
3/9/2007 5:41:52 PM
Creation date
3/9/2007 4:43:59 AM
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DEEDS
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88106321
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<br />88- 106321 <br /> <br />, .. ,. "j' . <br />.; . <,109'33767-9 <br /> <br />EXHIBIT E <br /> <br />MORTGAGE ADDENDUM <br /> <br />The following are addenda to the Mortgage. Please check <br />the applicable addendum. The addendum checked shall ~e <br />incorporated into. and recorded with. the Mortgage. The term <br />"Mortgage" . shall ~e deemed to include "Deed of Trust, ". if <br />applicable. <br /> <br />.!lL- FHA ADDENDUM <br /> <br />As long as the Mortgage is outstanding, the Lender may <br />declare all sums secured ~y the Mortgage to ~e immediate+y <br />due and paya~le if: '. <br /> <br />(a) all or part of the property is sold or other- <br />wise transferred (other than by devise, descent or <br />operation of law) ~y Borrower to a purchaser or other <br />transferee: <br /> <br />(i) who cannot reasonably ~e expected to <br />occupy the property as a principal residence within <br />a reasonable time after the sale or transfer, all <br />as provided 'in Section 143(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 <br />in a principal residence durinq any part of the <br />three-year period endinq on the date of the sale or <br />transfer, all as provided in Section 143(d) and <br />143(i)(2) of the Internal Revenue Code (except that <br />the lanquaqe "100 percent" shall be suDstituted for <br />"95 percent or more" where the latter appears in <br />Section 143(d)(11); or <br /> <br />(iii) at an acquisition cost which is greater <br />than 90' of the average area purchase price <br />(qreater than 110' for targeted area residences), <br />all as provided in Section 143(e) and 143(i)(2) of <br />the Internal Revenue Code: or <br /> <br />(iv) who has an income in excess of that <br />established by the Nebraska Investment Finance <br />Authority under its applicable requlations or pro- <br />gram quidelines in effect on the date of the sale <br />or transfer: or <br /> <br />711411 <br />
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