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,, � , 1; ' �'1 1 20120644� 2012046�� FORM E-3 CONVENTIONAL AND USDA RURAL DEVELOPMENT MORTGAGE ADDENDUM The following addenda to the Mortgage shall be incorporated into, and recorded with, the Mortgage. The term "Mortgage" shall be deemed to include "Deed of Trust ° if applicable. THIS TAX-EXEMPT FINANCING RIDER is made the date set forth below and is incorporated into and shall be deemed to amend and supplFxnent the Mortgage, Dced of Trust or Security Deed ("Security Instrument") of the same date given by the undersigned ("Borrowe�') to secure Borrower's Note ("Note" to �'harf�arWPet Nafinnal Rank ("Lende�r°) of the same date and covering the property described in the Security Instrument and located at the property and address d�cribed as follows: Address: 1412 Park Ave Grand Island , NE 68803 In addition to the crnenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree to amend Paragraph 18 of the Unfform Mortgage Form, entitied "Transfer of the Property as a Beneficial Interest in Borrower,° by adding additional grounds for acceleration as follows: Lender, or such of its successors or assigns as may by separate instrument assume responsibility for assuring compliance by the Borrower with the provisions of this Ta�c Exempt Financing Rider, may require immediate payment in full of all sums secured by this Security Instrument if: (a) All or part of the Property is sold or othervvise transferred by Borrower to a purchaser or other transferee: (i) (ii) (iii) (iv) Rider. W ho cannot reasonably be expected to occupy the property as a principal r�idence within a reasonable time after the sale or transfer, all as provided in Section 143(c) and (i)(2) of the Intemal Revenue Code; or Who has had a present ownership interest in a principal residence during any part of the three-year p�iod ending on the date of the sale or transfer, all as provided in Sectlon 143(d) and (i)(2) of the Intemal Revenue Code (except that "100 percent° shatl be substittuted for "95 percent or more" where the latter appears in Sectlon 143(d)(1); or At an acquisiUon cost which is greater than 90 percent of the average area purchase price (greater than 110 percent for Residences in targeted are�as), all as provided in Sectlon 143(e) and (i)(2) of the Intemal Revenue Gode; or Who has gross family income in excess of the applicable perc�tage of applicable median family income as provided in Section 143(fl and (i)(2) of the Intemal Revenue Cade; or (b) Borrower fails to �cupy the property described in the Security Instrument without prior written consent of Lender or its successors or assigns described at the beginning of this Tax Exempt Financing Rider, or (c) Borrower omits or misrepresents a fact that is material with respect to the provisions of SecUon 143 of the Intemal Revenue Code in an application for the loan secured by this Security Instrvment References are to the Intemal Revenue Code as amended and in effect on the date of issuance of bonds, the proceeds of which will be used to finance the Security Instrument and are de.emed to include the implementlng regulations. BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax Exempt Financing �r�o S �' a iv�,�do Borrower Carlos F Alvarado Borrower June 8, 2012 Date June 8, 2012 Date � � � a � , �,��'C+f�"�,O ' June 8, 2012 Non-Purchasing Spouse Dffie 1993.CV (12/I1) 907367 NIFA MRB/FORM E-3 (l0/OS) GOTO(OOlt76a4)