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FORM E-1 FHAAND HUD TAX-EXEMPT FINANCING RIDER �01209513 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 supplement the Mortgage, Deed of Trust or Security Dced ("Security InstrumenY') of the same date given by the undersigned ("Borrowe�') to secure Borrower's Note ("Note") to ['harterWpct National Bank ("Lender") of the same date and covering the property described in the Security Instrument and Iocated at the property and address described as follows: Address: 616 W Louise St Grand Island, NE 68801 In addition to the covenants and agreements made in the Securiry Instrument, BoROwer and Lender further covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entitled "Grounds for Acceleration of Debt " by adding additional grounds for acceleration as follows: Lender, or such of its succ�sors or assigns as may by separate instrument assume responsibility for assuring compliance by the Borrower with the provisions of this Tax 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) Who cannot reasonably be expected to occupy the property as a principal Residence 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 (ii) Who has had a present ownership interest in a principal Residence during any part of the three-year period ending on the date of the sale or Vansfer, all as provided in Section 143(d) and (i)(2) of the Intemal Revenue Code (except that "100 percenY' shall be substituted for °95 percent or more" where the latter appears in Section 143(d)(1)); or (iii) At an acquisition cost which is greater than 90 percent of the average area purchase price (greater than 110 percent for R�sidences in targeted areas), all as provided in Section 143(e) and (i)(2) of the Intemal Revenue Code; or (iv) Who has gross family income in excess of the applicable percentage of applicable median family income as provided in Section 143(fl and (i) (2) of the Intemal Revenue Code; or (b) Borrower fails to occupy 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 Section 143 of the Intemal Revenue Code in an application for the loan secured by this Security Instrument. 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 deemed to include the implementing regulations. If the Security Instrument is not financed in whole or in part with pr�ceds of bonds issued by the Nebraska Investment Finance Authority, this Tax Exempt Financing Rider shall be null and void and of no force and effect. Rider. BY SIGNING BELOW, Borrower accepts and agre� to the terms and provisions in this Tax-Exempt Financing Valdez Borrower Non-Purchasing Spouse November 13, 2012 Date Date Date 1993.CV (8/12) 908874 NIFA MRB/FORM E-1 (07/2012) GOTO(0023bba9)