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83005505
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83005505
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Last modified
11/19/2008 8:01:15 PM
Creation date
11/19/2008 8:01:14 PM
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DEEDS
Inst Number
83005505
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<br />r <br />I <br /> <br />83......,'005505 <br /> <br />r <br /> <br />FHA ADDENI?UM <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 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 pl-~ncipal residence wi thin <br />a reasonable time after the sale or transfer, all <br />as provided 1n Sect.ion I03.'\( d) and (j) (2) of the <br />Internal Revenue Codej or <br /> <br />(~i) "ho has had a present. ownership interest <br />in a pr1nclpal res~dence during any part. of the <br />three-year period endlng on the date of the sale or <br />transfer. all as provIded in Section I03(A){e) and <br />(])(2) of the Internal Revenue Code (except that <br />~he language 1'100 p~rc~ntll shall be substitute~ for <br />90 per"cent of more wt1ere t.he Latter appears l.n <br />Section 103A(e)(1);'w <br /> <br />(lL) <br />t.han ll:~ <br /> <br />at an acquJ..sltlc':r: '-'::J:::-~_ '....h.lch is {Jreater <br />perc~~nt_ ,)! "th~~ a\~e:::.'aqtJ :3.rea J...rU1:chase price <br />:Lun 120 pei.-ce:1t Ie,:.- t,ar get,et.l dI:ea reSl- <br />211.1 as pr~:vlde-d :r: ,!,'\':::In lC3l\(f) and <br />~__he : r:.~~e!'nal, Ke\~(':i.l1'''' Curle; ... <br /> <br />(g:.~eate~ <br />de~ce 5 ) <br />(J)(2) or <br /> <br />(1\') ~ho tlas a~ :n{"orne 1:1 ~Xcess of ~!lat <br />establ:..-':.,.hed by ':_he ~leL-~ asj--~t., ~'L)::'t\Jage t'~nance fund <br />(or its :egal st.::.cceS50~-_ ":_:~e ~-J~braska !n\~estment <br />Finance .1\.uth,'J:--':' t..t') ~1~1uer : t:s app2 :..::able ~equlat:ions <br />or pr-C}(l~_-arn "Jt:.:dell;:~s 'l"l P~:"~C -:)l'1 tone '.late of the <br />sale or tl'~nsfer ~r <br /> <br />(b) Borrower :<111s ~c '\;P'/ ',l.eo property <br />described in the ~ortqaqe w:~hcut :.e!lde~'5 O=lor wrItten <br />consent; or <br /> <br />(c) Borrower amlts .J~ ffilsrepre3ents a :naterial <br />fact In an appllca~lon !o~ ~hlS ~c:tqaye, <br /> <br />References a.re to the lz:ternal Revenue Code 1!1 effect on <br />the date of execut:Qn of the- mOl"~qaqe, and a::e deemed to <br />include the implementlng l.eq-Jlatl ons, <br /> <br />l'<'MFF 8/83 <br /> <br />L <br /> <br />L <br /> <br /> <br />u <br /> <br />.J <br />
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