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<br />r <br /> <br />H-06142078 <br /> <br />83.... 005503 <br /> <br />Mitchell .J. Kendall. a single person <br /> <br />l!'HA ADDENDUM <br /> <br />As lonq as this mortqaqe is held by the Nebraska Mort... <br />gage. Finance Fund (or ita legal succe.sor, the Nebraslql <br />Inve.tment Finance Authority), the Lender may declare a~l <br />8JUU aeeured by this mortqa<;Je to be iJllllled1actely due and. <br />paya!:ll.e if: <br /> <br />(a) all or part of the property is sold or other- <br />viae transferred (other than by devi_, descent or <br />operation of lav) by Borrover to a purchaser or other <br />transferee: <br /> <br />(i) who cannot reasonably be expected to <br />occupy the property as a principal residence vi thin <br />a reasonable time after the sale or transfer, all <br />as provided in Section 103A(d) and (j)(2) of the <br />Internal a.venue Code; or <br /> <br />(i1) who has had a present ownership intereat <br />in a principal residence during any part of the <br />thr_-year period endinq on the date of the sale or <br />transfer, all as provided in Section 103(A)(e) and <br />(j)(2) of the Internal Revenue Code (except that <br />the lanquaqe "100 percent" ahall be substituted for <br />"90 percent of more" where the latter appeara in <br />Section 103A(e)(1); or <br /> <br />(iii) at an acquisition cost which is greater <br />than 110 percent of the average area purchase price <br />(greater than 120 percent for targeted are. resi- <br />denc.s), .11 .a provided in Section 103A{f) and <br />(j) (2) of the Internal Revenue Code; or <br /> <br />(iv) who has an income 1n excess of that <br />..tablished by the Nebraska Mortgage Finance Fund <br />(or ita leqal succeaaor, the Nebraska Inve.tment <br />Finance Authority) under its applicable regulations <br />or proqr_ quidelin.a in effeet on the date of the <br />aale or transfer; or <br /> <br />(b) Borrower fails to occupy the property <br />deacribed in the mortqaqe without Lender's prior written <br />conaent; or <br /> <br />(c) Borrower omits or misrepresents a material <br />fact in an application for this mortqaqe. <br /> <br />a.Lerenc.. are to the Internal Revenue Code in effect on <br />")0.. == ~::i'f ........>itlon of the lllOrtq&<jJe, and are d_ed to <br />1nc:lu.de the U1p18lllel'l.tinq r8<jJUlationa. <br /> <br />.-T 8/83 This a.ddenduIll should :oav.. been recorded as 0",..t c~ :he <br /> <br />r) Mor't.... recorded ~fl!)..tember 15 t :1983 in "'::h~ ~e~istel"" of ~)eed-s r)~+::.c.e -. :iall <br />CQlJn1Y. MebN&ka ''It -1tl~ o'clock p,H. ~s Jocu~nt ;lo.. Q3-CH)q90J, <br /> <br />The, ;';ute-rl,.-,rort--f ~ix(lt6) feet of Lo~ ~;even (7) l In Block ri~teen (1~,) <br />.in Rollins' Anctil tion "to t"he e1 tv ('.l!~ Grl!U1d Island. Hall (";OUflty. ~{ab~_ska <br /> <br />