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200002652 <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 as <br />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 Revenue <br />Code (except that 100 percent" shall be substituted for "95 percent or more" <br />where the latter appears in Section 143(d)(1)); or <br />(iii) At an acquisition cost which is greater than the maximum limits <br />established by the Nebraska Investment Finance Authority (the "Authority ") in <br />connection with its Program, pursuant to which Program this Security <br />Instrument is financed; or <br />(iv) Who has a gross family income in excess of the maximum limits <br />established by the Authority in connection with its Program; or <br />(b) Borrower fails to occupy the property described in the Security Instrument <br />without prior written consent of Lender or its successors or assigns described at the <br />beginning of this Tax- Exempt Financing Rider, or <br />(c) Borrower omits or misrepresents a fact that is material with respect to the <br />provisions of Section 143 of the Internal Revenue Code in an application for the loan <br />secured by this Security Instrument. <br />References are to the Internal Revenue Code as amended and in effect on the <br />date of issuance of bonds, the proceeds of which will be used to finance the Security <br />Instrument and are deemed to include the implementing regulations. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this <br />Tax- Exempt Financing Rider. <br />Borrower <br />Borrower <br />E -4 <br />