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20O004,898 <br />EXHIBIT E <br />MORTGAGE ADDENDUM <br />The following are addenda to file Mortgage. Please check Ilia applicable addendum. Tile <br />addendum checked shall be incorporated info, and recorded with, the Mortgage. The term "Mortgage' <br />shall be deemed to include "Deed of Trust,' if applicable. <br />_ x_ _ FHA, USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br />THIS TAX - EXEMPT FINANCING RIDER is made this 7th day of April ,2000 and is <br />incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust or <br />Security.Deed ( "Security Instrument ") of the same dale given by the undersigned ( "Borrower") to secure <br />Borrower's Note ( "Note") to <br />Mountain West Financial, Inc. <br />( "Lender ") of the same date and covering the property described in the - Security Instrument and located <br />al: <br />1207 West 9th Street, Grand Island, NE 68801 <br />[Property Address] <br />in addition to file 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 <br />responsibility for assuring compliance: by•the Borrower with the provisions*of this .Tax- Exempt Financing <br />Rider; may 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 />(1) 1 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 provided in Section 143(c) <br />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.thelhree -year period ending on the dale.of the sale or transfer, all as provided in <br />Section 143(d) and (1)(2) of the Internal. Revenue Code (except that `100 percent" shall be substituted for <br />"95 percent or more" where Ilse latter. appears in Section 143(4)(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, Residences), all as provided In Section <br />143(e) and (1)(2) of Ilia Internal Revenue Code; or <br />(iv) Who has a gross family income in excess of the applicable percentage <br />of applicable median family income as provided in Section 143(f) and (I) (2) of the Internal Revenue <br />Code; or <br />