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<br /> • EXHIBIT E --
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<br /> __:� : MORTGAGE ADaENDUM • �"
<br />�- The tollowing are addenda ta the Mortgage. Pleass check the applicable addendum. The -
<br /> "��°� addendum checfced shall be incvrpor�ted fnta,and recarded with,the Mortgage. The term'Mortgage' �
<br />,:�� shall be deemed to inciude'Deed of Trust,'if applicable. _
<br />�� ; �� �_FHA, USOA RURAL DEVELOPMENT and HUQ ADOENOUM ONLY __
<br />' �_°�;�:
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<br /> �`.��, THIS TAX-EXEMPT FINANCING RIDER fs made thfs 18 day of August 19 97and is
<br /> •_;:.�;;�� incorporated fnto and shali be deemed to amend and supptement tha Mortgage,Deed of Trust or
<br />':��'s'� Security Deed('Security Instrumenr)of the same date given by the undersigned("Borrowe�')to secure :
<br /> -�-= Borrower's Note("Note')to
<br /> �ry� Mountian Weeti Financiai� Inc. , A Ca].i�ornia Company
<br />'=:�� {•Lende�')of the same date and covering tha property deacribed In the Securiry Instn,meRt and located
<br />-� a� 513 Eaet 18th Street
<br /> � Grand Isiand, NE 68801 ,
<br /> (Property AddrassJ
<br /> :�
<br /> In additfon to the covenants and agreements made tn the Secur(ty Instrument, Banower and L�nder
<br /> �5�r�her covenant and aaree to amend Paregraph 9 of the Model Mortgage Form,entitled'Grounds for
<br /> . Acceleratlon of DebY as by adding additlonal grounds for acceleration as faiiows: °
<br /> .`.: �
<br /> Lender,or such of its successors or assigns as may be separate instrument assume
<br /> responsibility fa�assuring corrtipfiance by the Borrower wlth the provisfons�f th(s Tax-Exempt Flnancing
<br /> Rider,may�equfre immediat�payrnent fn full of all sums securad by this Securiry Instrument i'r.
<br /> ___ (a) All oc part of the Property is sold er otherwise transferred by Borrower to a
<br /> purchaser or other transferee: •
<br /> (I) Who cannot reasonably be expected to ocr,upy tha properry as a
<br /> pdncipal Res(dence within a reasanabie tlme aRer the sale or transfer,all as provtded in SecUan 143(c)
<br /> and (I)(2)of the Intemal 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 ending on the date of the salo or transfer,all as provided in
<br /> Sectton 1a3(d)and{I)(2)of the lntemal Revenue Cade(except that'100 percen�'shall be substituted tor
<br /> - --° '95 percent or more"where the latter appears In Section 143(d)(1));or
<br /> (iii) At an acquisltian cost which Is greater than 90 percent of the average
<br /> area purchase price(greater than 110 percent for targeted ar�a Residences),all as provided in Sec6cn
<br /> 143(e)and{I)(2)of the Internal Revenue Code;or . •
<br /> (iv) Who has a gross family income in excess of the appiicabie perCentage '
<br /> of applicable medlan family income as provided in Sectlon 143(�and(1)(2)of the Intemal Revenue
<br /> -- Code;o� ,
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