201701775 - Laserfiche WebLink

Browse

2� 17� 1775 F�RM E-3 C�NVENTI�NAL AND USDA RURAL DEVEL�PMENT TAX-EXEMPT FINANCING RIDER The following addenda to the Mo�tgage shall be incorpo�ated into, and recorded wi�h, �he Mo�tgage. The term"Mo�tgage"shall be deemed�o include"Deed of T�us�," if applicable. THIS TAX-EXEMPT FINANCING RIDER is made�he date se�fo�th below and is inco�pora�ed in�o and sha�l be deemed�o amend and supplemen��he Mo�-�gage, Deed of Trus�or Secur�ty Deed �"Securi�y Inst�ument"}of�he same date gi�en by the undersigned �"Borrowe�'}to secu�e Bo�rower's No�e�"No�e"}�o IV P�INTS BANK �"Lende�'}of�he same date and co�e�ing�he prope�ty described in the Secu��y lnst�umen�and located a��he p�ope�ty and address desc�ibed as tollows: Address: 5D2 SUEZ ST CAIR�, NE�$$24-DDDD In add��ion�o the co�enants and agreemen�s made in�he Secur�ty Ins��ument, Bo��ower and Lender fu�ther co�enant and agree�o amend Paragraph 18 of the Unifo�m Mo�tgage Form, enti�led"Transfe�of the P�ope�ly as a Benefic�al lnte�est in Borrower,"by adding addi�ional g�ounds fo�accelera�ion as follows: Lende�, or such of i�s successors or ass�gns as may by separate instrumen�assume responsib�lity for assuring compliance by the Borrowe�with the pro�isions ot�his Tax-Exempt Financing Rider, may�equi�e immediate payment in full ot all sums secured by�his Security Instrument it: �a} All or pa�t ot the Prope�-ty�s sold or othenrv�se transterred by Borrower to a purchaser or other transteree: �i} �lllho cannot reasonably be expec�ed to occupy�he prope�ty as a pr�ncipal residence within a reasonable�ime after�he sale or�ranster, all as pro�ided in Sect�on 143�c}and �i}�2}of the ln�e�nal Re�enue Code; or ��i} �lllho has had a presen�ownersh�p in�eres��n a principal residence during any pa�t of the �h�ee-year period ending on�he date ot�he sale or t�anster, all as pro�ided in Section �43�d} and �i}�2}ot�he In�e�nal Revenue Code�excep��ha�"��percen�"shall be substi�u�ed to�"95 percent or more"where the latter appears in Section 143�d}�1}; or �i�i} At an acquisi�ion cos�which is greate�than 9�percent ot the a�erage area pu�chase price �g�eate��han ��percent tor Residences in targeted areas}, all as pro�ided in Section �43�e}and�i}�2}ot the lnternal Re�enue Code; o� �i�} �lllho has gross family income in excess ot the applfcable pe�cen�age ot applicable median fam�ly income as pro�ided�n Sec�ion 143�f} and�i}�2}of�he Internal Re�enue Code; or �b} Bo�rower tails to occupy�he p�ope�ty desc�ibed in the Secu�ity lnstrument wi�hout prior written consent ot Lende�or its successors or assigns desc�ibed at the beginning ot this Tax-Exempt Financing Rider, o� �c} Bo��owe�omits or misrep�esents a tact that is material with respect to�he pro��sions of Sec�ion �43 ot the In�e�nal Re�enue Code in an app�ica�ion for the loan secu�ed by�his Securi�y Instrument. References are to the In�ernal Re�enue Code as amended and in efFec�on�he date ot issuance ot bonds, �he proceeds ot which will be used to tinance�he Secu��y Instrumen�and are deemed�o include�he implementing regula�fons. �f the Secu�i�y lnstrumen�is not financed�n whole or in pa�t wi�h p�oceeds of bonds issued by the Nebraska ln�es�ment Finance Authori�y,this Tax--Exempt F�nancing Rider shall be null and�oid and of no torce and efFect. BY S�GNIf�G BEL❑ , or er accep�s and agrees�o�he terms and pro��sions in�his Tax-Exempt F�nancing � ider. � i D312212D�7 � �' orrower RI C..P I N � Date D312212D�7 Bo�rower gRAND�N M. K�HMETSCHER Date Non-Purchasing Spouse Date NIFA MRBIForm E-3 �U712U12� 4827�8Q93-9776.8