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240006258 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 are deemed to include the implementing regulations. BY SIGNING BELOW, Borrower accepts and agrees to the to and provisions in this Tax - Exempt Financing Rider. ovxer Borro er ❑ VA MORTGAGE ADDENDUM ONLY If, 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 ma_v, 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 RIDER is made this day of , 2000 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed ( "Security Instrument ") of the same date given by the undersigned (`Borrower ") to secure Borrower's Note ( "Note ") to ( "Lender ") of the same date and covering the property described in the Security Instrument and located at: In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree to amend Paragraph 17 of the Uniform Mortgage For m, entitled "Transfer of the Property as a Beneficial Interest in Borrower" as by adding additional grounds for acceleration as follows: Lender, or such of its successors or assigns as may be separate instrument assume responsibility for assuring compliance by the Borrower with the provisions of this Tax - Exempt Financing Rider, may require immediate 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 occupy the property as a principal Residence within a reasonable time after the sale or transfer, all as provided in Section 143(c) and (1)(2) of the Internal Revenue Code; or (ii) Who has had a present ownership interest in a principal Residence during any part of the three -year period ending on the date of the sale or transfer, all as provided in Section (143(d) and (1)(2) of the Internal Revenue Code (except that "100 percent"