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<br />~ <br /> <br />1 <br />J <br /> <br />L <br /> <br />I <br /> <br />R~.fi~ <br />84 --fJ04182 <br /> <br /> <br />I~~~I;l,!)E.Jl]DtJ!'I <br /> <br />As long as thi s mortgage is held by the Nepraskci'cMort- <br />gage Finance Fund (or its legal SUcc€s-sor,theNebraskil' <br />Investment Finance Authority) ,the. Lerider maYdMla);"l'l'ilp <br />sums secured by this mortgage to be immediately due and <br />payable if: <br /> <br />(a) all or part of the <br />wise transferred (.other than <br />operation of law) by Borrower <br />transferee: <br /> <br />is <br /> <br />a <br /> <br />(i) who cannot reasonably be <br />occupy the property as a principal <br />a reasonable tlme after the sale or <br />as provided in Section 103A(d) and (j <br />Internal Revenue Code; or <br /> <br />o <br /> <br />(ii) who has had a present ownership <br />in a principal residence durin" any <br />th:::ee-year pet':.od endins in t.i~~ date <br />transfer~ all as p~ovidau in Section- <br />( j ) (2) of the I nte tOnal Revenue Code <br />the language "100 perce.nt" shall he <br />"gO percent of more" where the lat-ter <br />Sect~on l03A(e)(l); or <br /> <br />,-. <br />.-' <br />.~ <br />~ <br /> <br />:0 <br /> <br />{iii.} at an acquisition cost whic:h is_g-l;-ea-~_e-r <br />t.han 11 0 pel~cent of the aVEH-aqe area _purchas-e _p_ri~e <br />(gr-eat~er than 120 per'c(~nt for t-ar.ge-t~d-: ar-e(i.- res-i-.,.., <br />dences), all as pr'ovlded In 1>action l03A(f) alid <br />(j)(2) of ~he lnternal Revenue Code; or <br /> <br />( i v) f,.;ho ha.s an income in excess - of tha,t <br />,"stabli shed by th," Nebraska Mort:gage Finance' FUn;Q <br />( or its legal successor, the Nebraska!nveS1:m9n;t' <br />Finance Authot'i ty) under its applicable regulations <br />or program guideli~es in effect on the date of the <br />sale 0r transfer; or <br /> <br />(b) Borrower fails to occupy the property <br />described in t.he mortgage wJ.thout Lendet~l s pr-ior wr-itt,en <br />consel1t; or <br /> <br />(c) Borl'ower' omits 01- miSl'epreBents a material <br />fact in an applicatioll for this m()rtgage. <br /> <br />Refet'ences are to the Internal Revenue Code in effect on <br />the date of execution of the mortgage, a.nd are deemed to <br />include the implementing re-g'ulations. <br /> <br />NMFF a,/83 <br /> <br />u <br /> <br />L <br /> <br />.J <br /> <br />L <br />