Laserfiche WebLink
! • <br /> ) � <br /> � EXHIBIT E <br /> MORTGAGE ADDENDUM ���- ��;������� <br /> The following are addends to the Mortgage. Please check the applicable addendum. The addendum checked shall be incorporated into, <br /> and recorded with, the Mortgage. The term "Mortgage" shall be deemed to include "Deed of TrusY', if applicable. <br /> � FHA ADDENDUM <br /> THIS TAX-EXEMPT FINANCING RIDER is made this 30th day of April , 1998 , and is incorporated <br /> into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed ("Security InstrumenY') of the same date <br /> given by the undersigned ("Borrower") to secure Borrower's Note ("Note") to Unioll Bank and Trust Company <br /> ("Lender") of the same date and covering the property described in the Security Instrument <br /> located at: 1208 Warren Lane Grand Island Nebraska 68801 <br /> [Property Address] <br /> In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree to amend <br /> Paragraph 9 of the Model Mortgage Form, entitled "Grounds for Acceleration of DebY' as by adding additional grounds for acceleration as <br /> follows: <br /> Lender, or such of its successors or assigns as may by separate instrument assume responsibility for assuring compliance by the <br /> Borrower with the provisions of this Tax-Exempt Financing Rider, may require immediate payment in full of all sums secured by this Security <br /> Instrument if: <br /> a. All or part of the property is sold or othervvise transferred by Borrower to a purchaser or other transferee: <br /> (i) Who cannot reasonably be expected to occupy the properry as a principal residence within a reasonable time after the sale or <br /> transfer, all as provided in Section 143(c) and (i)(2) of the Intemal Revenue Code; or <br /> (ii) Who has had a present ownership interest in a principal residence during any part of the three-year period ending on the date of <br /> the sale or transfer, all as provided in Section 143(d) and (i)(2) of the Intemal Revenue Code (except that "100 percent" shall be <br /> substituted for "95 percent or more" where the latter appears in Section 143(d)(I); or <br /> (iii) At an acquisition cost which is greater than 90 percent of the average area purchase price (greater than 110 percent for targeted <br /> area residences), all as provided in Section 143(e) and (i)(2) of the Internal Revenue Code; or <br /> (iv) Who has a gross family income in excess of the applicable percentage of applicable median family income as provided in Section <br /> 143(� and (i)(2) of the Internal Revenue Code; or <br /> b. Borrower fails to occupy the properry described in the Security Instrument without prior written consent of Lender or its successors <br /> or assigns described at the beginning of this Tax-Exempt Financing Rider, or <br /> c. Borrower omits or misrepresents a fact that is material with respect to the provisions of Section 143 of the Internal Revenue Code in <br /> an application for the loan secured by this Security Instrument. <br /> References are to the Internal Revenue Code as amended and in effect on the date of issuance of bonds, the proceeds of which will <br /> be used to finance the Security Instrument and are deemed to include the implementing regulations. <br /> BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax-Exempt Financing Rider. <br /> , <br /> c-� r� <br /> �� ef avi n o y nne , r. <br /> 1� r��� �Q � (��M ,Cl � <br /> BOffOWef Michelle Ann Haase <br /> ❑ VA MORTGAGE ADDENDUM <br /> [Property Address] <br /> If, so long as the Mortgage is outstanding, all or any part of the properry is sold or transferred by Borrower without Lender's prior written <br /> consent, other than a transfer by devise, descent or by operation of law, the Lender may, at Lender's option, declare ail the sums secured by <br /> the Mortgage to be immediately due and payable. <br /> 6orrower <br /> Date Borrower <br /> NIFA-0891-G <br /> F8259.LMG (2/95) <br />