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84000921
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Last modified
11/18/2008 5:23:38 PM
Creation date
11/18/2008 5:22:57 PM
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DEEDS
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84000921
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83-A05426 <br />.~~oC~eC <br />$~="~. 1~uQ921 <br />r FHA ADDENDUM <br />As long'.as this mortgage is held by the Nebraska Mort- <br />gage Firsance Fund (or its legal successor;-the Nebraska <br />Investment Finance Authority), the Lender-may declare all <br />sums secured by this mortgage to-be immediately due and. <br />payable if: <br />(a) all or part of the-property i sold, or other- <br />' wise transferred (other than by d~vi§e, descent-or <br />operation of law) by Borrower to a purchaser or`o,ther. <br />transferee: <br />{i) who cannot reasonably be expected to, <br />occupy the property as a principal residence within. <br />a zeasanable time after the sale-or transfer, a3i: <br />as provided in Section 103A(d) and (jp(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 sa a or <br />transfer, ail as provided in Section i03(A)(e} and. <br />(j)(2) of the Internal Revenue Code (except that <br />the language "100 percent" shall be substituted for <br />• "90 percent of more" where the latter appears in <br />Sectio:: 103 F.{e){1); or <br />(iii) at an acquisition cost which is greater <br />than li0 percent of the average area: purchase pr1ee <br />{greater than 120 percent for targeted: area_resi-- <br />deuces), all as provided in Section 103A{f) and- <br />(j)(2) of the Internal Revenue Gode; or <br />(iv) who has. an income in excess. of that <br />established by the Nebraska Mortgage Finance-Fund <br />(or its legal successor, the Mebraska._Investment <br />Finance Authority) under its applicable regulations. .__ ___.,,___,_ <br />_ _._ _ <br />:.. _. <br />_.. - - - <br />or program guidelines in effect on the-date of the- <br />sale or transfer; or <br />_- (b) Borrower..fails to occupy the progerLy.._,_ <br />described in the mcrtgage without Lender's.prior written <br />_ consent; or <br />(c) Borrower omits or misrepresents a material- <br />- fact in an application for this mortgage: <br />References are to the Internal Revenue Gode in a fect on <br />the date of execution of the mortgage., and are deeme 'to <br />include-the implementing regulations. J <br />~~ <br />NMFF 8je3 a <br />~~...n.~~-~ <br />us- aSr n ~i lard <br />J <br /> <br />
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