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<br />r <br /> <br />~-~ <br />, r~silr1l' <br /> <br />If. -L'jUl}AtJcJ <br />83-005071 <br /> <br />S3- I)lJ4572 <br /> <br />FHA ADDENDUM <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 />pa:"able if: <br /> <br />(a) all or part of the property is sold or other- <br />wise transferred (other than by devise, descent or <br />operation of law) by Borrower to a purchaser or other <br />transferee: <br /> <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 l03A(d) and (j)(2) of the <br />Internal Revenue Code; or <br /> <br />(i~) who has had a present ownership interest <br />in a prlncipal t-esidence during any part of the <br />three-year period ending on the date of the sale or <br />transfer, all as prOVIded In Sectlon l03(A)(e) and <br />(j)(2) of the Internal Revenue Cede (except that <br />the language "100 percent" shall be substituted for <br />"90 percent of more" where the latter appears in <br />SectIon l03A(e)(1); or <br /> <br />(111) at an ~cqU.1S.l~lOn ::ost w'hlCh 13 greater <br />than 110 percent <:Jf t.he average area pU:'4chase price <br />(greater than 120 percent for targeted area ~esi- <br />dences). all as ?rovlded :n Sec~:on 10JA(f) clnd <br />(j)(Z) of ~~e :nternai Revenue Code; or <br /> <br />(lV) who has an lncome :n excess of that <br />establ:shed by ~he Nebraska :'1or':gage FInance fund <br />(or Its legal successor, !he Nebraska Investment <br />Finance Autho::~: LV) '.H1det' :'::5 appllcable regulations <br />or program qu:del:ne5 In effect ,,)1'1 the date of the <br />sale or transfer Jr <br /> <br />(b) BOt':~we: :'~:~ 1; t~, :~-,':~~~Y. ~.h: ~~~p~:~ty ,_ <br />described In .....,~~e H\o"'''''''-,lage ..._"..v.........., _,~enc...ler s r'....lOl: wrlt:ten <br />consent; or <br /> <br />(e) Borrower omtts or ::usrepresents a r:\ater"ial <br />fact l,n an appllcat:~on tor t.h1.S mortgage. <br /> <br />References are t.o t_he In,'ternal Revenue Code :.n ~ffect ,,,"," <br />the date of execution of the mortgage, and are deemed to <br />include the implementing regulatlons. <br /> <br />NMFF 8/83 <br /> <br />L <br /> <br />L <br /> <br />L <br />