200003802 - Laserfiche WebLink

Browse

EXHIBIT E 200003802 MORTGAGE ADDENDUM The following are addenda to the Pvlurtyaye Please cnack the applicable addendum. The addendum checked shall be incorporated into, and recorded with, the Mortgage The term "Mortgage" shall be deemed to include "Deed of Trust," if applicable. ❑ FHA, USDA RURAL DEVELOPMENT and HUD ADDENDUfvI ONLY THIS TAX - EXEMPT FINANCING RIDER is made this 110th - ____ day of MaV , 2000 , and is incorporated into and shall be deemed to amend ano supplement the Mortyage, Deed of Trust or Security Deed ( "Security Instrument ") of the same date given by the undersigned ( "Borrower ") to secure Borrowers Note ( "Note ") to United Nebraska Bank ( "Lender ") of the same date and covering the property described in the Security Instrument and located at: 1609 W Louise Grand Island Nebraska 68801 (P, pe,ty Address) In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entitled "Grounds for Acceleration of Debt" as by adding additional grounds for acceleration as follows: Lender, or such of its successors or assigns as may Dv separate instrument assume responsibility for assuring compliance by the Borrower with the provisions of this Fax- Exempt Financing Rider, may require immediate payment in full of all sums secured by this Security Instrument if: (a) All or part of the Property is sold or otherwise transferred by Borrower to a purchaser or other transferee: (i) Who cannot reasonably be expected to occupy the property as a principal residence within a reasonable time after the sale or transfer, all as provided in Section 143 (c) and (i)(2) of the Internal Revenue Code; or (ii) Who has had a present ownership interest in a principal residence during any part of the three -year period ending on the date of the sale or transfer, all as provided in Section 143,4) and (i)(2) of the Internal Revenue Code (except that "100 percent" shall be substituted for "95 percent or more" where the latter appears in Section 143(d)(1)) or (iii) At an acquisition cost which is greater that,, 90 percent of the average area purchase price (greater than 110 percent for targeted area residences), all as provided in Section 143(e; and (i)(2) of the Internal Revenue Code; or (iv) Who has a gross family income in excess of the applicable percentage of applicable median family income as provided in Section 143 {f) and (i)(2) of tree internal Revenue Code; o, (b) Borrower fails to occupy the property descri;.�ed in the Security Instrument without prior written consent of Lender or its successors or assigns described at the beginning of this Tax - Exempt Financing Rider, or (c) Borrower omits oi misrepresent,_ a fact that is material with respect to the provisions of Section 143 of the Internal Revenue Code in an application for the loan secured by this Security Instrument. References are to tl -,e Internal Revenue Code as amended arid in effect on the date of issuance of bonds, the proceeds of which will be used to finance the Security instrument and are deemed to Include the implementing regulations. BY SIGNING BELOW. Borrower accepts ano agrees to the terms aria provisions in this Tax - Exempt Financing Rider. Borrower Borrower ❑ VA MORTGAGE ADDENDUM 1609 W Louise Grand Island Nebraska 68801 If, so long as the Mortgage Is outstanding, all or any part of the property is sold or transferred by Borrower without Lender's prior written consent, other than a transfer by devise, descent or by operation of law, the Lender may, at Lender's option, declare all the sums secured by the Mortgage to be immediately due and payable. Date1.1.1.....1... -- - CONVENTIONAL MORTGAGE LOAN .ADDENDUM ONLY Bari owe, -- - -- BGlIoWei THIS TAX - EXEMPT FINANCING RIDER is made this _ — 10th day of May 2000 , and is incorporated into and _ .1.1 - -- shall be deemed to amend arid supplerent the Mortgage, Deed of Trust or Security Deed ( "Security Instrument ") of the same date given by the undersigned ( "Borrower") to secure Borrower's Note ( "Note ") to United Nebraska Bank ( "Lender ") of the same date and covering the property described in the Security Instrument and located at: 1609 W_ Louise .Grand Island Nebraska_ 68.801_ r',operty Addressj 01/157208.7 NIFA 2196 F1675.LMG (6/97) Page 1 of 2