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200000557 <br /> EXH161T E <br /> MORTGAGE ADDENDUM <br /> Tl�e following are addenda to Il�e Mortgage. PleasQ ct�ack tl�e appllcabie addondum. Ti�e <br /> addendum ctiecked sliall Ue incu�poraled i�to, and recorded willi, tl�e Mo�tgage. The le�m`Mongage' <br /> shall be deemed lo include"Deed of T�usl,"if applicable. <br /> xx FHA, USpA RURAL DEVELOPMENT and NUD ADDENDUM ONLY <br /> TIiIS TAX-EXCMPT FINANCING RIDER is made tf�is 1 8 day ofJanuary2000and is <br /> incorporaled into and sliall be deemed ta amend and supplemenl the Mo�tgage, Deed o(Trusl ot <br /> Security.Deed (`Security Insl�ument")of lhe same dale given by the undersigned("8or�ower)lo secure <br /> 8o�rowers Note("Nole')to <br /> Mountain West Financial, Inc. <br /> .('Lender')of lhe same date and cove�ing lhe property described in ihe�Security Instrument and localed <br /> at: <br /> 608 North Broadwell <br /> Grand Island, NE 68801 <br /> (Property Address) <br /> (n addilion to tf�e covenanls and.agreernents made in the Secu�ity Inslrument, 8orrower and Lender <br /> (urtlier covenanl and agree to amend Parag�aph 9 of Ihe Model Mortgage Form, enlilled "Grounds (or <br /> Acceleralion of DeUt"as by adding additionai g�ou�ds for acceleration as follows: <br /> Lender, or such ot its successo�s or assigns as may be separale inslrument assume <br /> responsibility for assuring compliance:by•the Borrower with the p�ovisions�of this.Tax-Exempt Financing <br /> Rider;may require immediate payment.in full of all sums secu�ed by this Security Instrument if: <br /> (a) All or part of the P�operty is sold�or.olhervvise Iransfe�red by 8or�ower lo a <br /> purchaser or othe�lransferee: <br /> (I) Wlio.cannot rEasonably be.expected to_occupy Ihe property.as a <br /> prineipal.Residence.within a�easonable.lime afte�ihe sale or iransfer al�as p�ovlded in Seclion 143(c) <br /> and (I)(2) of Ihe Internal Revenue Code; or � <br /> (ii) Who has had a�present ownership interest in a principal Residence <br /> duri�g any.pa�t of.the,th�ee-year period ending on the date.of the sale or transfer, all as provided in <br /> Section 143(d) and (I)(2)of lhe Internal Revenue Code (except lhal`100 pe�cent'shall be substiluled (or <br /> `95 percent or more"where ll�e latter.appea�s in Section 143(d)(1)); o� <br /> . (iii) At an acquisition cost which is greater.than 90 percenl o(�the average <br /> area pu�chase price (grealer lhan 11p perce�l (or targeted area�Resldences), all as provided in SecUon <br /> 143(e) and (I)(2) of tt�e Internal Revenue Code; or <br /> (iv) Who has a gross family income in excess of lhe applicable pe�cenlage <br /> o(applicable median (amily income as proyided ln Section 143(� and (I) (2)o(lhe Internal Revenue <br /> Code; or <br /> c�� � � � <br />