88106816 - Laserfiche WebLink

Browse

88- 106816 MORT DADE ADDENDUM Ihe folloHlna are addenda to the Mortelce. plaue check the appllclble addendum. The Iddlndu. ..hecked sh.'l bl fncarpontld Into, Ind recordld with, thl Hortgege. The term ."ortg.a'. Ih.ll b. d..mld to Include "D..d of Trult,. If applicable. .19L-- FHA ADDENDUM Aa long .. the "artge._ fl out.tlndlng, the Londlr ..y declare ILL Bums ..cured by the Hort,lgl to be '.lIIldhtel Y due and ply.b' . tf: . Ca) .ll or plrt of thl property" loLd or otherw", trenlferl"ed (other than by dlvi.,. de.cant or operltton of 'IW) by Borrower to . purch..er or other trlnsferee: (I) who eannot re..onably be expected to occupy the property as a princlplL residence within a re..onabLe time Jlfter the .Ile or. tranlfer, all as prnvfded In Section .143(c) and 143(t)(2) of the Internal Revenue code of 19B6, as a.ended: or (It) who h.. hed a present ownership Intere.t In a prfnclpal residence during any part of the three-ya.r period ending on the date of the sale or transfer, lilt ea provided In Section 143(d) and 1430)(2) of the Internlll Revenue Code (u,cept that the tanguage .100 parcentll .'hd l be substt tuted for "95 percent or morell where the latter appe.r. In Section 143(dH11); or ' (Iii) at In acquisition coat which is greater than 90X of the average area purchlSe price (grelltar thin 110'; for targeted arel residence.). all IS provided In Section 143(e) and 143( I )(Z) of the Internel Revenue code: or (tv) who ha' an income In excess. of that estllblished by the Nl!!bras.ka Investment Flnlnce AL1thority under its applicable regulation. or program guidelines In effect on the date of the .aLe or transfl!!r: or (b) Borrower hils to occupy thl!! property described in the Mortgage without" Lender'S prior written consent: or ReferenceB .re to the InternaL Revenue Code in effect on the date of execution of the lIartgllge IInd lire deemed to incLude the llIlplementlng regulations. (c) Borrower omits or misrepresents Mar t gage. mEllter1al fact in an application for the _ VA MORTGAGE ADDENDUM If. so Long a. the Mortgage is ouUUndlng. all or any pert of the property Is sold or transferred by Borrower without Lender's prior written consent. other than a transfer by devise. delcent or by operation of llw. the Lender may. at La"nder's option. declare all the Buaa. secured by the Hortgage to be laamedlately due and plYl!Ible. 12-16-88 DUe ;Q"""", , '/fJcI2.LBorrower Daniel Paul Clement B:!!:tg~JO~ Stllte at Mebru,ka sa. County of Hall The foregoing Instrument ..as acknowLedged before IRe this 16th day of December. 19lilt, by Daniel Paul Clement and PeR:2V Jo Clement. Husband and Wife. Wi tne.. .y hand end nourt al seaL at Grand IS,land NlFA 19B8 Sarie. D GIIERAl RlI1ARY-Slat. of N'b"~k' ROBERTA L. REED 1Iy1llmm. Up. j,I,:n t!J)(J ,L My Co_I.. I on Expl re.: