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MAY -03 -2001 THU 01:40 PM FAX N0. P. 15/42 200104096 References are to the Internal Revenue Code as amended and in effect on the date of issuance of bonds, the proceeds of which will be used to finance the Security Instrument and arc deemed to include tike irnplernenting regulations. BY SIGNING BELOW, Borrower accepts and agrees to the tarns and provisions in this Tax - Exempt Financing Rider. Borrower Borrower 0 VA MORTGAGE ADDENDUM ONLY 1 f, so long as the Mortgage is outstanding, all or 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. Date Borrower Borrower ❑ CONVENTIONAL MORTGAGE LOAN ADDENDUM ONLY THIS TAX - EXEMPT' FINANCING RIDF,R is made Ibis day of 120 and is incorporated into and sliall be deemed to amend and supplement the Mortgage, Decd of Trust or Security Deed ( "Security Inslrurnent ") of the same date given by ithc undersigned ( "Borrower ") to secure Borrower's Note ("Note ") to ("Lender ") of the same date and covering the property described in the Security Insrnuncnt and located at: In addition to tic covenants and agreements made in the Security hrslnrrnent, Borrower and Lender further covenant and agree to airiend Paragraph 17 of the Uniform Mortgage For m, entilled `°Tratusfer of the Property as a Beneficial Inferest in Borrower" as by adding additional grounds for acccicration as follows: Lcnder, or such of its successors or assigns as may be separate nnstnmtent assume responsibility for zissuring compliance by the Borrower with the provisions of this Tax- Exempt Financing Rider, may require immcdiatc 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 ocenpy the property as a principal Residence within a reasonable time a ier the sale or transfer, all as provided in Section 143(c) and (1)(2) of the Internal Revenue Code; or