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~~ ~----~~~ ~ 0 4 5 6 FHA ADDENDUM As long as this mortgage is held by the Nebraska-Mort- gage Finance Fund {or its legal successor, the Nebraska Investment Finance Authority}, the Lender may declare all sums secured by this mortgage to be immediately due and payable if: (a} all or part of the property is sold or other- wise transferred {ather than by devise, descent or operation o£ law) by Borrower to a purchaser or other transferee: (i) who cannot reasonably be expected to occupy the property as a principal residence within reascnabie time after the sale or transfer, all as nravided in ~ection le3A(d} _nd (j}(2} of the Internal Revenue Code; ar {ii} who has had a present ownership interest in a principal residence during any part of the three-year periad ending an the date of the sale or transfer, all as provided in Section 1Q3(A}(ej and (j}(2} of the internal Revenue Code (except that the language "Z00 percent" shall be substituted for "90 percent of more" where the latter appears in Sectian 1~J3A(e)(1); ar (iii) at an acquisitiar. cast which is greater than i10 percent of the average area purchase price (greater thar. 120 percent for targeted area resi- dences), aI1 as prov_ded in Section 1Q3A(f) and (;}(2) of the internal Revenue made; ar (iv} who pas an income in excess of that established by the Pebraska Mortgage Finance Fuiid (or its legal successor, the Nebraska Investment Finance Authority) and~r its applicable regulations ar praaram guidelines in effect on the date of the sale ar transfer; ar (b) Borrower fails to accupy the property described in the mortgage wirhou*_ i:ender's prior written consent; or (c} Borrower omits ar misrepresents a material fact in an application for this mortgage. References are to the Internal Revenue Code in effect on the date of execution of the mortgage, and are deemed to include the implementing regulations. ~, ~ NAiFF $j$3 Clarence ragor Smith a. , ~ ~~c ~r' ~jC~,'r:, Brenda Lee Smith