88106955 - Laserfiche WebLink

Browse

88-" :10695& MORTGAGE ADDENDUM 220600823 The following ore addenda to tha Mortgage. Pleue check the applicable adden- dum. The addendum checked ahell be incorporatad into, and racorded wi th, the Hortsaa_. The term "Mortg8sell .hall be deeMed to 1l1elude "Deed of Trust". if applicable. ..19i.- FHA ADDENDlm As long ae the Mortgage is outstanding, the Lender may declare all suma secured by the Mor tgage to be immediately due and payable if: (a) all or part of the property is sold or otherwise transferred (other than by devise, deacent or operation of law) by Borrower to a p,urchaser or other transferee; (i) who cannot reasonably be expected to occupy the property as a princ.ipal reoidence within a reason- able time sf ter the sale or transfer, all as provided in Section. 143(c) and 143(i)(2) of the Internal Revenue Code of 1986, as amended: or (ii) who has had a present ownership interest in a principal residence during any part of the three- year period ending on the date of the sale or tranafer, all aa provided in Section 143(d) and 143(i) (2) of the Internal Revenue Code; or (iii) at an acquisition cost which is greater than 90% o~ tbe average area purchase price (greater than 110% for targeted area residences), sll as provid- ed in Section 143(e) and 143(i)(2) of the Internal Revenue Code; or (iv) who bas an income in excess of that eatabl1shed by the Nebraska Investment Finance Authority under its applicable regulations or program guidelines in effect on the date of the sale or transfer; or (b) Borrower fails to occupy the property deacribed in the Mortgage without Lender'a prior written consent; or (c) Borrower omits or misrepresents s material fact in an applicstion for the Mortgsge. References are to tbe Internal Revenue Code in effect on tbe date of execution of the Mortgage and are deemed to include the implementing regulations. VA MORTGAGE ADDENDUM If, so long as the Mortgage is outstanding, all or sny part of the property is sold or transferred by Borrower without Lender's prior written consent. other than a transfer by dense. descent or by operation of law, the Lender may. at Lender's nption. declare all the sums secured by the Mortgage to be immediately due and payable. Date: DECEMBER 27.1988 ~~~ ~l~/ Bo rower STEVEN . ZURBUCHEN iJ " }. ~. <~ ~ E '" E .State of Nebraska BS. ~ ~ County of HALL The foregoing instrument was ac1tDowledged before me this 27TH day of DECEMBER ,19~, by STEVEN R. ZURBUCHEN AND TAMMY S. ZURBUCHEN.!iUSBAND AND WIFE Witness my hand and notarial sed at county, the date aforesaid. (;...4"'/ J; rf" ~ in said 4010-15 ~ Gll!MlIOTAIIY-5ta11 at..... l't., DENISE KAY LOWII\' .. !!! Comm Elp Alia. 25. 1911 u&r,~'; ~r ~ N6tary Public My commission exp ,. . &:".