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200104091
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200104091
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Last modified
10/14/2011 3:45:07 AM
Creation date
10/20/2005 8:37:25 PM
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DEEDS
Inst Number
200104091
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204104091 <br />EXHIBIT E <br />MORTGAGE ADDENDUM <br />The following are addenda to the Mortgage. Ploaso check the applicable addendum. The <br />atldendunr checked shall be incorporated into, and recorded will), Ilia 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 />1I IIS 1-AX- EXI7_MPT FINANCING RIDER is rnade this 4 day of April[ 200 <br />end is <br />incorporaletl into and shall be deemed to amend and supplement the Mortgage. Deed of Trust or <br />Securily.Deed (`Security Instrument ") of the same date given by the undersigned ("Borrower) to secure <br />Borrower's Nola ( "Note') to <br />Mountain West Financial, Inc. <br />(`Lender ") of the same dale and covering-the property described In the. Security Instrument and located <br />at: <br />1908 West 11th Avenue <br />Grand Island, NE 68803 <br />(Property Address] <br />In addilion to the covenants anti agreements made in the Securily Instrumenl, Borrower and lender <br />further covenant and agree to amend Paragraph g of the Model Mortgage Form, entitled "Grounds for <br />Acceleration of Debt" as by adding additional grounds for acceleration as follows: <br />l.encler, or such of its successors or assigns as may be separate instrument assume <br />responsibility for assuring compliance: by -tile Borrower with the provisions*of this Tax-Exempt Financing <br />Rider; may require Immediale payment in full of all sums secured by this Security Instrument It. <br />(a) All or pail of flue Properly Is sold or.ollierwisa transferred by Borrower to a <br />purchaser or other transferee: <br />(1) Who cannot reasonably be.expecled to-occupy the property.as a <br />principal Residence within a reasonable time after the sale or transfer all as provided to Section 143(c) <br />and (1)(2) of Ilia Internal Revenue Code; or <br />Who has had a present ownership interest in a principal Residence <br />during any pall <br />and (1. 2) of;year period ending on the dale .01 the sale or transfer, all as provided in <br />Section 143(e1) and (1)(2) of file Infernal Revenue Code (except that '100 percent" shall be substituted for <br />'95 percent or more' where Ilia laller.appears In Section 143(d)(1)); or <br />(iii) Al an acquisition cost which is greater-than 00 percent oI the average <br />area purchase price (grealar than 110 percent forlargeled areallasldences), all as provided In Section <br />143(e) and (1)(2) of the 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(1) and (1) (2) of the Internal Revenue <br />Code; or <br />
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