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101361 <br />FHA ADDENDUM <br />As long as this mortgage is held by the Nebraska <br />Investment Finance Authority, the Lender may declare all sums <br />secured by this mortgage to be immediately due and payable if: <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 />(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. 103A(d) and (j)(2) of the <br />Internal Revenue Code; or <br />(ii) who has had a present ownership interest <br />in a principal residence during any part of the <br />tt-.ree -year period ending 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 language "100 percent" shall be substituted for <br />"90 percent or more" where the latter appears in <br />Section 103A(e)(1); or <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 targetea area resi- <br />dences), all as provided in Section 103A(f) and <br />(j)(2) of the Internal Revenue Code; or <br />(iv) who has an income in excess of that <br />established by the Nebraska Investment Finance <br />Authority under its applicable regulations or <br />program guidelines in effect on the date of the <br />sale or transfer; or <br />(b) Borrower fails to occupy the property <br />described in the mortgage without Lender's prior written <br />consent; or <br />(c) Borrower omits or misrepresents a material <br />fact in an application for this mortgage. <br />References are to the Internal Revenue Code in effect on <br />the date of execution of this mortgage, and are deemed to <br />include the implementing regulations. <br />FORM ?185 -04 GREGORY R~ EY.kNS � ELAIIE M. E VAN <br />NIFA 5/85 <br />January 24 1986 _ <br />This FHA Addendum is Leinf, recorded to 0 1 part of <br />the FHA Mortgage dated January 24, 1986 and recorded Janu- <br />ary 28, 1986 at 9:45 A.`1. in the cimnty of Hall as Document <br />B6- ', 0045ti . aerin:, the f(,13owln�; let;aITv de�;: rihed prop,—rt,. <br />by N_)1-ti, 1!l if- Il:��i (� ),1 �.. '.)lll` ! � = :1lll] �.I1 ! �) �': Il il•_ <br />,i.( i.. .. i.i <br />61Z{ <br />g� <br />