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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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200104091 <br />(`Lender ") Of the same data and covering <br />at: 1908 West 11th Avenue Ilse property described in the Security Instrument and located <br />Grand Island, NE 68803 <br />(P(operty Address) <br />In ailiIilion to Ilia covenants anti agreemenls made in the Security Instrument, Borrower and Lender <br />further covenant and agree to amend Paragraph 17 of Ilia Uni form Mortgage Form, entitled "Transfer of <br />Ilse Property as a Beneficial Interest in Borrower" as by adding additional grounds for acceleration as <br />follows: <br />l.encler, or such of its successors or assigns as may by separate instrument assume <br />rasponsibilily for assuring conipliarica by Ilia Dorrower will Iha provisions of this Tax - Exempt Financing <br />IZidar, may require intntediale paynienl in (1411 of all sums secured by this Sacurily Instrument it <br />(a) All or pall of Ilia property is sold or otherwise transferred by Borrower to a <br />purchaser or other transferee: <br />(I) Who cannol:reasonably:be.expecled la•occupy ., lheproperty as a <br />principal residence wilhin•a reasonable time aflgr the sale or transfer, all as-provided in Section 143(c) <br />and (1)(2) of Ilia Internal Revenue Code; or <br />(ii) Who has had a present ownership interest in a principal residence <br />dwin4l any pail of ilia Ihraa ya:u paiiod adding oil Iha dale of the sales or transfer, all as provided in <br />Section 1 ,13(d) and (1)(2) of ilia Internal Revenue Code (except that "100 percent' shall be substituted for <br />`95 percent or more' where Ilia latter appears in Section 143(d)(1); or <br />(iii) At an acquisilion cost which is greater than the maximum limits <br />established by the Nebraska Investment Finance Authority (the "Authority') in connection with its <br />Program, pursuant to which program his Security Instrument is financed; or <br />(iv) Who has a gross family income In excess of the maximum limits <br />established by Ilia Authority In connection with its program; or <br />(1 )) 1301tower fails to occupy. the property described in ilia Security Instrument <br />'wilhoul prior written consent of Lender or Its successors or assigns described at the beginning of this <br />Tax- Exempt Financing Rider, or <br />(c) ©orrower omits or. misrepresents a fact lhal is material with respect to the <br />Provisions of Seclion:143 of file Internal Revenue Code in an application for the loan secured by this <br />Security Instrument. <br />References are to the Internal Revenue Coda as amended and in effect on the dale of <br />issuance of bonds; ilia proceeds of which will be used lo•finance the Security• ristrumenl and are <br />(learned 10 include the Implementing regulations. <br />BY SIGNING BELOW,; Borrower accepts and agrees to the terms and provisions -in this Tax - <br />Exempt Financing Rider. <br />Borrower <br />Borrower <br />
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