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ilm <br />(i) who cannot reasonably be 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 203A(d) and (j)(2) of the <br />Internal Revenue Code; or <br />(ii) Who has had a present ownership interest <br />in a principal residence during any part of the <br />three -year period ending on the date of the sale or <br />transfer, all as provided in Section 103(A)(e) and <br />(j)(2) of the Internal Revenue Code (except that <br />the language "lU® percent" shall be substituted for <br />9D Percent or more" where the latter appears in <br />Section 103A(e)(1); or <br />(iii) at an acquisition cost which is greater <br />than I10 percent of the average area Purchase Pri ce <br />(greater than 120 percent for targeted area resi- <br />dences), all as provided in Section 103A(f) and <br />(j)(2) of the Internal Revenue Code; or <br />(iv) who has an income in excess of that <br />established by the Nebraska Investment Finance <br />Authority under its aPPlicable regulations or <br />program guidelines in effect on the date of the <br />sale or transfer; or <br />(b) Borrower fails to occupy the <br />described in the mortgage without Lender's property <br />co t; or Prior written <br />(c) Borrower omits or misrepresents a material <br />fact in an application for this mortgage. <br />th* "ferences are to the Internal, Revenue Code in effect on <br />cite of execution of this mort a <br />i 'l the i i nting regulations and are deemed to <br />In <br />M <br />0 <br />