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<br /> 98" �112ab3
<br /> , � � � , , EJ(HIBIT E �
<br /> „ MORTGAG�ADOENDUIyI �
<br /> Th�followin�ars addenda to the Mcrtqa9e. Pl�as�ch�ak th�applicabi��dd�ndum. Th•
<br /> �dd�ndum cE��cic�d�hall b�incorpatit�d(nto,and recnrd�d with,the Mort�age. The term'Mart9ag�'
<br /> sh�il be da�mad to includs"Dead of Trust,"N appl(cable.
<br /> x FHA,U5DA RURAL DEVELOPMENT and HUD ADQENOUM ONLY
<br /> THIS TAX-EXEMPT FINANCING RIDER Is mads thfa 1 1 tlday obecernb�k998 znd ia
<br /> incorporated tnto and shaA be deemad ta amend�nd supp!ement th�Martgage,Deed otTrust or
<br /> Sicurity Deed�'Security Instrument")of the same date givan by ths undersigned ('eorrower)ta secun .
<br /> Borrower'e Note('Nots�to MO.UNTAIN ��EST FiNANCIAL, iNC. �
<br /> ('Lende�of the same date�nd covering the praperty described in the Security Instrument and Iocatel
<br /> aC ��6 NORTH SYCAMORE
<br /> GRAND ISLAND� N� 6A901
<br /> [Praperty Acldress�
<br /> . In additlan to the covenants and agresments made in the Security I�strument,8amower and Lerder
<br /> furthercavenant and agree to amend Paragraph 9 of the Model Mortgage Form, entltled'Gmunds for
<br /> �:*•- Accelentdan of DebC as by adding additlanal grounds tor acceleration as follaws:
<br /> .,;�,,
<br /> ..`
<br /> � Lnnder,o�auch of tts successars or assiqns as may be separatt insh�ument assume
<br /> respansfbiliry ior assu�ing compliance by the Bvrrewer with the provistons of this Tax-F�cempt Fnancirg
<br /> . 1,..�__a� e:a�
<br /> Rider,may requfre immediate payment in fUll or aif sums secured'ay inis a�:���►y����u���Kr•��.
<br /> (a) All ar pa�t of the Property is sald or otherwise transferred hy Borrower to a
<br /> purchaser or other transferee: � •
<br /> �� (I) Who annot reasonably be expeeted ta occupy the pmpery as a
<br /> principal Residence within a reasonabie Bme after the sale or trainsfer,all as provided in Sectlan 1�'.3(c)
<br /> and (I)(2)of the Intemal Revenue Code;or
<br /> • • (ii� Who has h�d a prcsent owner.ship interest In a principal R4sidence
<br /> during any part of the three-year periad ending on the date of the sale or transfer,all�s provided in
<br /> Sectian 143(d)and(I)(2)of the Intemal R�venua Code(except that'100 perc�nC shall be subatltutad for �
<br /> '95 percent or moro"where the�otter appears tn Sectlon 143(d)(1));or
<br /> (iii) At an acqufsitlon cost whlch Is greater than 90 percant of the�veriQ�
<br /> area purchase prir,e(greater than 11Q percent far targeted arGa Residences),all as provided in Seclfan
<br /> 143(e)and(I)(2)of the Intemal Revenue Code;ar . •
<br /> � (iv) Who has a gross family income in excess of the�pplicabte pertent�ge '
<br /> oi applicabie median family income as provided in Section 143(�and(I)(2)of the Intern�l Revenu�
<br /> ' Cade;or ,
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<br /> 69
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