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201206686
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8/14/2012 9:21:32 AM
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8/14/2012 9:21:32 AM
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DEEDS
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201206686
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���������°� <br />FORM E-1 <br />FHA AND HUD TAX-EXEMPT FINANCING RIDER <br />The following addenda to the Mortgage shall be incorporated into, and recorded with, the Mortgage. The <br />term °Mortgage" shall be deemed to fnclude °Deed of Trust,° if applicable. <br />THIS TAX-EXEMPT FINANCING RIDER is made the date set forth below and is incorporated into and shall <br />be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed ("Secur(ty InstrumenY� of the <br />same date given b the undersi ("Borrower°) to secure Borrower's Note (°Note°) to <br />OREAT WESTERN BANK <br />(°Lender") of the same date and covering the property described in the Security Instrument and located at the <br />property and address described as follows: <br />Address: 331 S KIMBALL ST GRAND ISLAND, NE 68801-0000 <br />In addition to the covenants and agreements made in the Seaurity Instrument, Bo�rower and Lender further <br />covenant and agree to amend Paragraph 8 of the Model Mortgage Form, entitled "Grounds for Acceleration of <br />Debt," by adding addftfonal grounds for acceleration as folfows: <br />Lender, or such of its successors or assigns as may by separate instrument assume responsibilfty for <br />assuring compliance by the Borrower with the provislons of this Tax-Exempt Flnancing,Rider, may require <br />immedlate payment in full of all sums secured by this Security Instrument if: <br />(a) All or part of the Property is sold or othervvise transferred by Borrower to a purchaser or other <br />transferee: <br />(i) Who cannot reasonably be expected to occupy the property as a principal Residence <br />within a reasonable time after the sale or transfer, all as provided in Section 143(c) and <br />(1)(2) of the Intemal Revenue Code; or � <br />(i7 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 Sectlon <br />143(d) and (i)(2) of the Intemal Revenue Code (except that "100 percent° shall be <br />substituted for °85 percent or more° where the latter appears in Section 143(c�(1)); or <br />(iii) At an acquisiUon cost which is greater than 80 percent of the average area purchase prlce <br />(greater than 110 perce�t for Residences in targeted areas), all as provfded in Section <br />143(e) and (i)(2) of the Intarnal Revenue Code; or � <br />(iv) Who has gross femily income in excess of the applicabie percentage of applicable median <br />family income as provided in Section 143(� and (i) (2) of the Intemal Revenue Code; or <br />(b) Borrower fails to occupy the property descrfbed in the Security Instrument without prior written <br />consent of Lender or its successors ar assigns described at the beginnfng of thfs Tax-Exempt <br />Financing Rider; or <br />�(c) Borrower amits or misrepresents a fact that is materlal with respect to the provisions of Section 143 <br />of the Intemal Revenue Code in an appUcatlon for the loan secured by this Secur(ty Instrument. <br />References are to the Intemal Revenue Code as amended and in effect on the date of issuance of bonds, <br />the proceeds of which wlll be used to flnance the Secu�ity Instrument and are deemed to include the implementing <br />regulations. If the Security Instrument Is not flnanced in whole or in part with proceeds of bonds issued by the <br />Nebraska Investment Ffnance Authority, this Tax-Exempt Financing Rider shall be null and void and of no force and <br />effect. <br />BY SIGIVING BELO , Bo ower accepts and agrees to the terms and provisions in this Tax-Exempt <br />Financing Ride <br />08/10/2012 <br />Borrower Bradley G Hansen Date <br />Borrower <br />Non-Purchasing Spouse <br />Date <br />Date <br />NIFA MRB/FORM E-1 <br />(07/2012) <br />4827-8093-9776.8 <br />
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