Laserfiche WebLink
<br />84834-1-20 <br /> <br />EXHIBIT E <br /> <br />88-106468 <br /> <br />MORTGAGE ADDEmlL;.t <br /> <br />The =~l:o~i~g are addenda t~ the Mor"qage. Please check <br />the aool:cable addend~~. The addend~~ checked shall be <br />incorpora~2d i~~o. acd ~ecorded wi~~. ~~e ~or~~age. T~e term <br />"Mortaaae" shall be deemed to include "Deed of Irus"." if <br />applicable. <br /> <br />X FHA ADD~DL;.t <br /> <br />As long as "he Mor"gage is ou~s"andina, the ~ender mav <br />declare all s~~s sec~rec ~y the ~or~ga~e t; be :nrnediately- <br />due and payable if: <br /> <br />(a) a:: or nar~ of t~e cro~er~v is sald or ot~er- <br />wise transferred (other than bV devise. descent or <br />ooera~ion 0= law) by Bor=ower to a purc~a5e= or ocher <br />t!-ansfe!'ee: <br /> <br />(i) who cannot reasonably be ex;ec"ed "0 <br />occ~;y ~~e prcpercy as a pr:cc:;a: residence wit~in <br />a reasonab:e t:me after t~e sale or transfer, all <br />as orcvided in Sec"ion 143(c) and 143(i)(2i of the <br />In"er~a: Revenue Code of 1986, as ~ended; or <br /> <br />(ii) who has had a oresent ownershio interes" <br />in a pr:ncipal residence~dur:ng any ~art-of t~e <br />three-vear oeriod endina on the date of ~~e sale or <br />transfer, ail as provided in Sec"ion 143(d) and <br />143(i)(2) of the Internal Revenue Code (exceot that <br />the la.'lguage "100 percent" shall be substitut:ed for <br />"95 percent or more" where the latteI:_appear.s_ in...____ <br />Section 143(d)(11); or <br /> <br />(iii) at an acquisition c~st which is greater <br />than 90\ of the average area purchase price <br />(greater than 110\ for targeted area residences), <br />all as p~ovided in Sec~ion 143(e) and 143(i)(2) of <br />the Internal Revenue Code; or <br /> <br />(iv) who har an income in excess of that <br />established by the Nebraska Investment Finance <br />Authority unde~ its applicable regulations or pro- <br />g~am guidelines in effect on the date of the sale <br />or t::ansfe~; or <br /> <br />7'306n <br /> <br />{. .'!:r <br />