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200002547
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Last modified
10/13/2011 11:40:13 AM
Creation date
10/20/2005 8:05:44 PM
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DEEDS
Inst Number
200002547
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8106705 <br />200002547 <br />EXHIBIT E <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 />XXX FHA, USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br />2000 <br />THIS TAX- EXEMPT FINANCING RIDER is made this 31STday of MARCH ,A2 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 NORWEST MORTGAGE, INC. <br />( "Lender") of the same date and covering the property described in the Security Instrument and located at: <br />2027 NORTH HUSTON AVENUE GRAND ISLAND, NE 68803 <br />[Property Address] <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 Debt" as by adding additional grounds for acceleration as follows: <br />Lender, 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, all <br />asprovided in Section 143(c) and (1)(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 (1)(2) of the Internal <br />Revenue Code (except that "100 percent" 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 (1)(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 (1) (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 />
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