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<br />r <br /> <br />83- 005227 <br /> <br />FI:l,ll. r\[)j)J':Ni)t111l <br /> <br />As long as this mortgage is held by the Nebraska Mort.;. <br />gage Finance 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 /> <br />(a) all or part of t,he property is sold or other- <br />wise transferred (otller than by devise, descent or <br />operation of law) by Borrower to a purchaser or other <br />transferee: <br /> <br />(i) who cannot l'easonahly be expected to <br />occupy the property as a principal residence within <br />a reasonable time a(te~ the sale or transfer, all <br />as provlded In SectIon lOJAld} and (j}(2) af the <br />Internal Revenu.e CG'cie; ,:;.r <br /> <br />(.1 ,i.) '.....0,:) ha::') b?J.i.J d rn'f-' ;'.-'n1~. c',wnership interest <br />lD a pr.:nclpa.l. resJ.df~nce- (lurJ.l1q any part o.f the <br />three-'lea:: i.:-!'~dl;'lq '__>11 the ,lute of the sale or <br />tt'ansfer, : ii:S Pl'C,,,-':.ded in :"'lection 103(.~)(t.~-) and <br /> <br />~;l~ ( ~ln~~a:;~e <, .~_~~e~~:_~~~~~~~>:e:~~:~ 1 i'J~: ~~~~~r~u~~~t for <br /> <br />It90 percent of merelt whel'e the latter appears in <br />Sectlol1 ](JJAte)(l); ~)r <br /> <br />( _:. ,i i ] <br /> <br />~lt a.n ~1C-~t.':"1:..~:t-1.(.. <::'_)51:. 'f."hich IS [Jreater <br />pf,:..i"l"c~_'nt of ~__b_.: .l""'f~~!';!;qe l:ea put'chase price <br />th,,~n l~~O r]f~"i-C(:nt tor t:_<1l:.-'1et~~d area reSl- <br />a~... :.i~;:i- :-:'!'{J-/J"h::d :z: .,.'- t ~(,n 103f<.(f) and <br />~.;1t: :nLelila1 h_(''-\'t''''lHII"~ (jCJP, -.1' <br /> <br />than 1.1 <br /> <br />\ ;~ir(~tl ~_J.: r <br /><h:n(:'f~'j) " <br />{ J } ( ::) ;)1 <br /> <br />(~v) who }1as nIl itlCOme j:1 excess of that <br />ostablis}lBd by ~ilti NeLtd~ka MQr~gaye Fitlance Fund <br />{e;r i~:,; l€-'-Jdl 'jU;,:t_e:S~H>t--, the Nebt<a~ka Investment <br />FJ,na.nce l\.'Uth(j~<lt'iJ "inC>S':l ,:, t~~ .:lJ,--)pl.l"able regulations <br />or ~:n~()ql<am \p..cld~~l:l!.",..;:,>s ~rl f'''ffeet Gl1 the date of the <br />sale or transfer; 0~ <br /> <br />(b) <br />a-e-s-c ~-. i b-ed <br />caoii>ept; <br /> <br />~~l.~~:e~o~~~~:et:i~~~~~YL~~~e~~~P~~~~r <br /> <br />or <br /> <br />written <br /> <br />(c) 3-orr.i))..-H~:l' om.l t G ':':d.- faJ ~:\Lt~'1..jl__t<cbnt.s a fila tE::rial <br />fact in an applicatlon fo~ ~llis mOt'1~0age. <br /> <br />Ref-er~nces are too the Ir.teTnal Re\'~,:nl,~-0 Code in effect on <br />the. date of executi;JJ1 of the mort,gage I a:-ld are deemed to <br />include the impleme'ntlng :r.-esruliltlGI1S, <br /> <br />NMFF 8/83 <br /> <br />L. <br /> <br />L <br /> <br />I <br />'-- <br /> <br /> <br />u <br /> <br />--1 <br />