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200002484
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Last modified
10/13/2011 11:34:12 AM
Creation date
10/20/2005 8:04:45 PM
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DEEDS
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200002484
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In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree to amend <br />Paragraph 17 of the Uniform Mortgage Form, entitled "Transfer of the Property as a Beneficial Interest in Borrower" as by adding additional <br />grounds for acceleration as follows: <br />Lender, or such of its successors or assigns as may by separate instrument assume responsibility for assuring compliance by the <br />Borrower with the provisions of this Tax- Exempt Financing Rider, may require immediate payment in full of all sums secured by this <br />Security Instrument if: <br />(a) All or part of the Property is sold or otherwise transferred by Borrower to a purchaser or other transferee; <br />(i) Who cannot reasonably be expected to occupy the property as a principal residence within a reasonable time after the <br />sale or transfer, all 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 during any part of the three -year period ending on the <br />date of the sale or transfer, all as provided in Section 143(d) and (i)(2) of the Internal Revenue Code (except that "100 percent" <br />shall be substituted for "95 percent or more" where the latter appears in Section 143(d)(1); or <br />(iii) At an acquisition cost which is greater than the maximum limits established by the Nebraska Investment Finance Authority <br />(the "Authority ") in connection with its Program, pursuant to which Program this Security Instrument is financed; or <br />(iv) Who has a gross family income in excess of the maximum limits established by the Authority in connection with its <br />Program; or <br />(b) Borrower fails to occupy the property described in the Security Instrument without prior written consent of Lender or its <br />successors or assigns described at the beginning of this Tax- Exempt Financing Rider, or <br />(c) Borrower omits or misrepresents a fact that is material with respect to the provisions of Section 143 of the Internal Revenue <br />Code in an application for the loan secured by this Security Instrument. <br />References are to the Internal Revenue Code as amended and in effect on the date of issuance of bonds, the proceeds of which <br />will be used to finance the Security Instrument and are deemed to include the implementing regulations. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax- Exempt Financing Rider. <br />Borrower <br />Borrower <br />STATE OF Nebraska <br />ss. <br />COUNTY OF Hall <br />The foregoing instrument was acknowledged before me this 29th day of March 2000 <br />by James E Pederson , an unmarried individual <br />Witness my hand and notarial seal at G <br />My commission expires: September 281 <br />N ublic <br />GENERAL NOTARY-State of Nebraska <br />SHERRI L. O'CALLAGHAN <br />My Comm. Exp. Sept. 28, 2003 <br />01/157208.7 <br />F1975.LMG (6/97) Page 2 of 2 <br />1232 <br />county, <br />
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