Laserfiche WebLink
Q$-- 1�.�4830 <br /> (a) All or part of the Property is sold or otherwise transferred by Borrower to a <br /> purchaser or other transferee: <br /> (i) Who cannot reasonably be expected to occupy the property as a <br /> principal residence within a reasonable time after the sale or transfer, all as <br /> provided in Section 143(c) and (i)(2) of the Internal Revenue Code; or <br /> (ii) Who has had a present ownership interest in a principal residence <br /> during any part of the three-year period endin on the date of the sale or <br /> transfer, all as provided in Section 143(d) and (i�(2) of the Internal Revenue <br /> Code (except that "100 percent" shall be substituted for "95 percent or more" <br /> where the latter appears m Section 143(d)(1)); or <br /> iu) At an acquisition cost which is greater than the maximum limits <br /> esta lished by the Nebraska Investment Finance Authority (the "Authority") <br /> in connection with its Program, pursuant to which Program this Security <br /> Instrument is financed; or <br /> . (iv� Who has a gross family income in excess of the maximum limits <br /> established by the Authority in connection with its Program; or <br /> (b) Borrower fails to occupy the property described in the Security Instrument <br /> without prior written consent of Lender or its successors or assigns described at the <br /> beginning of this Tax-Exempt Financing Rider, or <br /> (c) Borrower omits or misrepresents a fact that is material with res�ect to the <br /> provisions of Section 143 of the Internal Revenue Code in an application for the <br /> loan secured by this Security Instrument. <br /> References are to the Internal Revenue Code as amended and in effect on the <br /> date of issuance of bonds, the proceeds of which will be used to finance the Security <br /> Instrument and are deemed to include the implementing regulations. <br /> BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this <br /> Tax-Exempt Financing Rider. <br /> Borrower <br /> Borrower <br /> oi/isnos.a E-4 <br />