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200006258
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Last modified
10/13/2011 6:09:19 PM
Creation date
10/20/2005 9:06:18 PM
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DEEDS
Inst Number
200006258
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20.0006258 <br />EXHIBIT E <br />MORTGAGE ADDENDUM <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 include <br />"Deed of Trust," if applicable. <br />®FHA, USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br />THIS TAX - EXEMPT FINANCING RIDER is made this 28 day of JULY, 2000 and is incorporated into and <br />shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed ( "Security Instrument ") of the <br />same date given by the undersigned (`Borrower ") to secure Borrower's Note ( "Note ") to <br />WELLS FARGO HOME MORTGAGE, INC. <br />(`Lender ") of the same date and covering the property described in the Security Instrument and located at: <br />2130 NORTH PARK STREET <br />In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant <br />and agree to amend Paragraph 9 of the Model Mortgage Form, entitled "Grounds for Acceleration of Debt" as by <br />adding additional grounds for acceleration as follows: <br />Lender, or such of its successors or assigns as may be separate instrument assume responsibility for assuring <br />compliance by the Borrower with the provisions of this Tax- Exempt Financing Rider, may require immediate payment <br />in full of all sums secured by this Security Instrument if: <br />(a) All or part of the Property is sold or otherwise transferred by Borrower to a <br />purchaser or other transferee: <br />(i) Who cannot reasonably be expected to occupy the property as a principal Residence <br />within a reasonable time after the sale or transfer, all as provided in Section 143(c) <br />and (1)(2) of the Internal Revenue Code; or <br />(ii) Who has had a present ownership interest in a principal Residence during any part <br />of the three -year period ending on the date of the sale or transfer, all as provided in <br />Section (143(d) and (1)(2) of the Internal Revenue Code (except that "100 percent" <br />shall be substituted for "95 percent or more" where the latter appears in Section <br />143(d)(1)); or <br />(iii) At an acquisition cost which is greater than 90 percent of the average area purchase <br />price (greater than 110 percent for targeted area Residences), all as provided in <br />Section 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 of applicable <br />median family income as provided in Section 143(f) and (1)(2) of the Internal <br />Revenue Code; or <br />(b) Borrower fails to occupy the property described in the Security Instrument without prior <br />written consent of Lender or its successors or assigns described at the beginning of this Tax - <br />Exempt Financing Rider; or <br />(c) Borrower omits or misrepresents a fact that is material with respect to the provisions of <br />Section 143 of the Internal Revenue Code in an application for the loan secured by this <br />Security Instrument. <br />
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