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87106973
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10/19/2011 3:23:02 PM
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3/27/2008 3:12:33 PM
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DEEDS
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87106973
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MORTGAGE ADDENDUM 87-10697.1 <br />The following are addenda to the Mortgage. Please check the applicable addendum. The addendum checked shall be incorporated into, <br />and recorded with, the Mortgage. The term "Mortgage" shall be deemed to include "Deed of Trust," if applicable. <br />xx FHA ADDENDUM <br />As long as the Mortgage is held by the Nebraska Investment Finance Authority, the Lender may declare all sums secured by the Mortgage <br />to be immediately due and payable if: <br />(a) all or part of the property is sold or otherwise transferred (other than by devise, descent or operation of law) by Borrower to a <br />purchaser or other transferee: <br />(i) who cannot reasonably be expected to occupy the property as a principal residence within a reasonable time after the <br />sale or transfer, all as provided in Section 103A(d) and (j)(2) of the Internal Revenue Code; or <br />(ii) who has had a present ownership interest in a principal residence during any part of the three -year period ending on the <br />date of the sale or transfer, all as provided in Section 103(A)(e) and Q}(2) of the Internal Revenue Code (except that the <br />language "100%" shall be substituted for "90% or more" where the latter appears in Section 103A(e)(1); or <br />(iii) at an acquisition cost which is greater than 110% of the average area purchase price (greater than 120% for targeted area <br />residences), all as provided in Section 103A(f) and 0)(2) of the Internal Revenue Code; or <br />(iv) who has an income in excess of that established by the Nebraska Investment Finance Authority under its applicable regula- <br />tions or program guidelines in effect on the date of the sale or transfer; or <br />(b) Borrower fails to occupy the property described in the Mortgage without Lender's prior written consent; or <br />(c) Borrower omits or misrepresents a material fact in an application for the Mortgage. <br />References are to the Internal Revenue Code in effect on the date of execution of the mortgage and are deemed to include the implemen- <br />ting regulations. <br />VA MORTGAGE ADDENDUM <br />If, so long as the Mortgage is held by the Nebraska Investment Finance Authority, all or any part of the property is sold or transferred <br />by Borrower without Lenders prior written consent, other than a transfer by devise, descent or by operation of law, the Lender may, at <br />Lender's option, declare all the sums secured by the Mortgage to be immediately due and payable. <br />CONVENTIONAL MORTGAGE ADDENDUM <br />As long as the Mortgage is held by the Nebraska Investment Finance Authority, the Lender may, at Lenders option, declare all sums <br />secured by the Mortgage to be immediately due and payable if Borrower omits or misrepresents a fact in an application for the Mortgage, <br />including, without limitation, anything contained in the Mortgagors Affidavit and Certification executed by Borrower in conjunction with <br />the Mortgage. <br />By signing below, the Borrower accepts and agrees to the terms contained in this Addendum. <br />Dated: L <br />BoRRO iffard L. cl _ <br />December 2, _ ,g 87 � A 6 E- ( ( f / <br />- - - - -- --- " - - - -" B RRO ER Lora B. Ruzicka <br />STATE OF NEBRASKA <br />COUNTY OF Hall } SS: <br />The foregoing instrument was acknowledged before me on December 2 1937- <br />by Clifford L Ruzicka and Lora B Ruzicka Husband and Wife _ /�J -/s -- <br />(person(s) acknowletlgin A, CAF— Z� `�-� <br />NOTARY PUBLIC <br />Form NW 3 <br />NIFA 0186 <br />z <br />My Commision expires: - �l — ?3 -2 <br />a <br />6E%116TM1; L K Ntid - <br />OEBORAH L KIMBIE <br />1Ar *M Ely: Ma 23,1991 <br />J <br />
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