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201204843
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Last modified
6/28/2012 4:22:23 PM
Creation date
6/18/2012 9:38:02 AM
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DEEDS
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201204843
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201204843 <br />FORM E-1 <br />FHA AND HUD MORTGAGE ADDENDUM <br />The following addenda to the Mortgage shall be incorporated into, and recorded with, the Mortgage. The term <br />"Mortgage" shall be deemed to include "Dced of Trust," if applicable. <br />THIS TAX-EXEMPT FINANCING RIDER is made the date set forth below and is incorporated into and shall be <br />deemed to amend and supplement the Mortgage, Dced of Trust or Security Dced ("Security Instrument") of the same date <br />given by the undersigned ("Borrowe�") to secure Borrower's Note ("Note") to CharterWest National BaIIk <br />("Lender") of the same date and <br />covering the property described in the Security Instrument and located at the property and address described as follows: <br />Address: 604 Lambert St Grand Island, NE 68801 <br />In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further <br />covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entiUed "Grounds for Acceleration of Debt; by <br />adding additional grounds for acceleration as follows: <br />Lender, or such of its successors or assigns as may by separate instrument assume r�ponsibility for assuring <br />compliance by the Borcower with the provisions of this Tax-Exempt Financing Rider, may require immediate payment in full <br />of ali sums secured by this S�urlty Instrument if: <br />(a) All or part of the Property is sold or otherwise transferred by Borrowe.r to a purchaser or other <br />transferee: <br />(i) Who cannot reasonably be expected to occupy the property as a principal Residence within a <br />reasonable time after the sale or transfer, all as provided in Section 143(c) and (i)(2) of the <br />Intemal Revenue Code; or <br />(ii) Who has had a present ownership interest in a principal Residence during any part of the <br />three-year period ending on the date of the sale or transfer, all as provided in Section 143(d) <br />and (i)(2) of the Intemal Revenue Code (except that "100 percent" shall be substituted for "95 <br />percent or more" where the latter appears in Section 143(d)(1)); or <br />(iii) At an acquisition cost which is greater than 90 percent of the average area purchase price <br />(greater than 110 percent for Residences in targeted areas), all as provided in Section 143(e) <br />and (i)(2) of the Intemal Revenue Code; or <br />(iv) Who has gross family income in excess of the applicable percentage of applicable median <br />family income as provided in Section 143(fl and (i) (2) of the Intemal Revenue Code; or <br />(b) Borrawer fails to occupy the properly described in the Security Instrument without prior written consent <br />of Lender or its successors or assigns described at the beginning of this Tax Exempt Financing Rider; <br />or <br />(c) Borrower omits or misrepresents a fact that is material with respect to the provisions of Sectlon 143 of <br />the Intemal Revenue Code in an application for the loan secured by this Security Instrument. <br />References are to the Intemal Revenue Code as amended and in effect on the date of issuance of bonds, the <br />proceeds of which will be used to finance the Security Instrument and are deemed to include the impleme.nting <br />regulations. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax Exempt Financing <br />Rider. <br />C Chanas <br />June 1, 2012 <br />Date <br />Borrower <br />Non-Purchasing Spouse <br />Date <br />Date <br />1993.CV (12/11) 907526 NIFA MRB/FORM E <br />(10/OS) <br />GOTO(OOlfl9a6) <br />
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