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<br /> -- ( i) Who cannot roasonabiy bo Qxpaated to occupy
<br /> __— , the property as a grinoipal re�idanca within a
<br /> �� roasonable timo after thQ sale or tran�fer, all as
<br /> _a__�__ _____ _-� provided ir� 8ection 143(c) and (i)(Z) of the
<br /> IntQrnal Rovonue Gode; or -
<br /> (11) Who has had s present ow�nerahip intereot in
<br /> a pYincipal residence duriag any part of the
<br /> �---� -- �hree-year period endinq oa the date of the sala or
<br /> --— tranefer, all as provided in SQCtion 143(d) and
<br /> �;��;� (i) (2) of the interaal Revenue CodQ (except that
<br /> "100 percent" shall be aubstituted for "9S poraent
<br /> —��� or more" whera the latter appears ia Seation
<br /> 1�3(d)(1)); or
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<br /> _ �- (iii) At an acquisition acst �rhich is qreater than
<br /> -�'•� � � 90 percent of the average area purchase price _
<br /> -_;T,-.... ;.��„�.;,��
<br /> .�. (qreater than 110 percent for targeted area
<br /> ; �:.:.,. � res idences), al 1 as provided in Section 143(e) and
<br /> _ ,,�;;,;�,�;;�;;,;,,;..,, (i) (2) of the Iateraal Revenue Code; or
<br /> - ' `-`-' ,,°,�+ (iv) Who has a qross family income in excess of
<br /> ^�� the applicable percentaqe of applicable median
<br /> . ;�,,�;,,:�:..;.:�,.:.; family inaome as provided ia Sectioa 143(f) aad
<br /> _ ;�a' �„s. ;s (i) (2) of the interaal Revenue Code; or
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<br /> -� ��.°�. ,. �
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<br /> � . �.�y�r � f (b) Horrower fails to occupy the property
<br /> -�?� ___ �Q��r�be�d in the Security instrwneat without prior
<br /> ' ;'�:;':::', ,.. :.:�`:`� written aonsent of Lender or its successors or sasigas -
<br /> �� � � .°''' `"� "' described at the beginning of tbis Tax-Exempt Finaacinq
<br /> �'�'.- � Aider, or
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<br /> � (c) Hvrrower omits or misrepresents a fact that is
<br /> '�`�"°�' � .>��� t material with respect to the provisions of Section 1�3
<br /> ' � " of the Internal Revenue Code in an application £ar the
<br /> � : �;��, �� loaa secured by this Security Inetrument.
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<br /> � �'x" .._•;;,.. . References are to the Internal Reveaue Code ae
<br /> �•'�. �"���� o..�.. amended and ia effect on the date of issuance of boads, -
<br /> �� �" `'rt�' ' ' the proceeds o£ which wil l be used to f inance the
<br /> x ' """ �""' ` ° 8ecurity Instrument and are deemed to iaclude the
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<br /> �� ,�. implementinq regulations.
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