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f2 ~ . M/117!...; · ... 1<- Darla M. Galvan "r .. . . .)-:- --~ FHA ADDENDUM 84.- OfJI3f4 I I , I ~ l As long .s this mortgage is held by the Nebraska Investment Finance Authority, the Lender may declare all suas secured by this mortgage to be immediately due and payable if: (a) all or part of the property is sold or other- wis. transferred (other than by devise, descent or operation of law) by Borrower to a purchaser or other transferee: (i) who cannot reasonably be expected to occupy the property as a principal residence within a reasonable time after the sale or transfer, all as provided in Section 103A(d) and (j)(2) of the Internal Revenue Code; or (il) 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 transfer, all as provided in Section 103(A)(e) and (j)(2) of the Internal Revenue Code (except that the lanauaoe "lOOnerc:ent" shall be substituted for "90 percent or more" where the latter appears in Section 103A(e)(1); or (i1i) at an acquisition cost which is greater than 110 percent of the average area purchase price (greater than 120 percent for targeted area resi- dences), all as provided in Section 103A(f) and (j)(2) of the Internal Revenue Code; or (iv) who has an income in exee.s of that established by the Nebraska Investment Finance Authority under its applicable regulations or proqram guidelines in effect on the date of the . sale or transfer; or (b) Borrower fails to occupy the property described in the mortgage without Lender's prior written consent; or (c) Borrower omits or miarepre.ents a material fact in an application for this mortgage. References are to the the date of execution of include the implement og Code in effect on are deemed to HIFA 8/84 Serie. 1984A L L u ..J ~