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200000109
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Last modified
7/20/2017 7:08:28 PM
Creation date
10/20/2005 7:35:52 PM
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DEEDS
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200000109
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EXHIBITE 200QQo � o9 <br /> MORTGAGE ADDENDUM <br /> The following are addenda to the Mortgage. Please check the applicable addendum. The <br /> addendum checked shall be incorporated into, and recorded with, the Mortgage. The term "Mortgage" <br /> shall be deemed to include"Deed of Trust," if applicable. <br /> XX FHA, USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br /> THIS TAX-EXEMPT FINANCING RIDER is made this 30 day of DEC. , 19 gg and is <br /> incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security <br /> Deed ("Security Instrument") of the same date given by the undersigned ("Borrower')to secure Borrower's <br /> Note.("Note") to <br /> HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND <br /> ("Lender")of the same date and covering the property described in the Securiry Instrument and located at: <br /> 104 WEST SOUTH ST GRAND ISLAND, NE 68801 <br /> [Property AddressJ <br /> in addition to the covenants and agreements made in the Security Instrument, Borrower and Lender <br /> further covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entitled "Grounds for <br /> Acceleration of DebY'as by adding additional grounds for acceleration as follows: <br /> l.ender, or such of its successors or assigns as may be separate instrument assume responsibility <br /> for assuring compliance by the Borrower with the provisions of this Tax-Exempt Financing Rider, may <br /> require immediate payment in full of all sums secured by this Security Instrument if: <br /> (a) All or part of the Property is sold or otherwise transferred by Borrower to a <br /> purchaser or other transferee: <br /> (i) Who cannot reasonably be expected to occupy the property as a <br /> principal Residence within a reasonable time after the sale or transfer, ali <br /> as provided in Section 143(c) and (I)(2) of the Internal Revenue Code; or <br /> (ii) Who has had a present ownership interest in a principal Residence <br /> during any part of the three-year period ending on the date of the sale or <br /> transfer, all as provided in Section 143(d)and (I)(2)of the Internal <br /> Revenue Code (except that"100 percenY'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 <br /> area purchase price (greater than 110 percent for targeted area <br /> Residences), all as provided in Section 143(e) and (I)(2) of the internal <br /> Revenue Code; or <br /> (iv) Who has a gross family income in excess of the applicable percentage of <br /> applicable median family income as provided in Section 143(f) and (I) (2) <br /> of the Internal Revenue Code; or <br /> (b) Borrower fails to occupy the property described in the Security Instrument without <br /> prior written consent of Lender or its successors or assigns described at the <br /> beginning of this Tax-Exempt Financing Rider; or <br /> , <br /> GO <br />
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