Laserfiche WebLink
y_ <br />Exhibit E Loan #: 0015308362 <br />MORTGAGE ADDENDUM WOWS <br />The following are addenda to the Mortgage. Please check the applicable addendum. The addendum <br />checked shall be incorporated into, and recorded with, the Mortgage. The term "Mortgage" shall be deemed to <br />include "Deed of Trust ", if applicable. <br />0 FHA, RECD AND HUD ADDENDUM ONLY <br />THIS TAX EXEMPT FINANCING RIDER is made this 5th day of June, 2000 , and is incorporated into <br />and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed ( "Security Instrument ") of the same date <br />given by the undersigned ( "Borrower's to secure Borrower's Note ( "Note's to Commercial Federal Mortgage Corp. <br />( "Lender's of the same date and covering the property described in the Security Instrument and located at: <br />308 S. SAID STREET <br />Cairo, NE 68824 <br />[PROPERTY ADDRESS] <br />In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree to <br />amend Paragraph 17 of the Uniform Mortgage Form, entitled `°Transfer of the Property as a Beneficial Interest in Borrower" as by adding <br />additional grounds for acceleration as follows: <br />Lender, or such of its successors or assigns as may be separate instrument assume responsibility for assuring compliance by <br />the Borrower with the provisions of this Tax- Exempt Financing Rider, may require immediate payment in full of all sums secured by this <br />Security Instrument if: <br />a. All or part of the property is sold or otherwise transferred by Borrower to a purchaser or other transferee: <br />(i) Who cannot reasonably be expected to occupy the property as a principal residence within a reasonable time after <br />the sale or transfer, all as provided in Section 143 (c) and (i) (2) of the Internal Revenue Code; or <br />(ii) Who has had a present ownership interest in a principal residence during any part of the three -year period ending <br />on the date of the sale or transfer, all as provided in Section 143 (d) and (i) (2) of the Internal Revenue Code (except <br />that "100 percent" shall be substituted for "95 percent or more" where the latter appears in Section 143 (d) (1)); or <br />(iii) At an acquisition cost which is greater than 90 percent of the average area purchase price (greater than 110 <br />percent for targeted area residences), all as provided in Section 143(e) and (i) (2) of the Internal Revenue Code; or <br />(iv) Who has a gross family income in excess of the applicable percentage of the applicable median family income as <br />provided in Section 143 (f) and (i) (2) of the Internal Revenue Code; or <br />b. Borrower fails to occupy the property described in the Security Instrument without prior written consent of Lender or its <br />successors or assigns described at the beginning of this Tax- Exempt Financing Rider, or <br />C. Borrower omits or misrepresents a fact that is material with respect to the provisions of Section 143 of the Internal Revenue <br />Code in an application for the loan secured by this Security Instrument. <br />References are to the Internal Revenue Code as amended and in effect on the date of issuance of bonds, the proceeds of which <br />will be used to finance the Security Instrument and are deemed to include the implementing regulations. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in the Tax- Exempt <br />Financing Rider. <br />Borrower Date <br />0 VA MORTGAGE ADDENDUM <br />:. S Date <br />[Property Address] <br />If, so long as the Mortgage is outstanding, all or any part of the property is sold or transferred by Borrower without Lender's <br />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 <br />sums secured by the Mortgage to be immediately due and payable. <br />Borrower <br />Date <br />Borrower <br />Date <br />CF208201 (rev 12/96) <br />NIFA -089 1 -G <br />