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200006382
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Last modified
10/13/2011 6:16:38 PM
Creation date
10/20/2005 9:08:20 PM
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DEEDS
Inst Number
200006382
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200006382 <br />EXHIBIT E <br />MORTGAGE ADDENDUM <br />The lullowing are addenda to 1110 Mottgaga. Ploaso chuck Iho appllcablo addondurn. The <br />addeudurll chocked shall be incorporated into, and recorded will,, ilia Mortgage. The term "Mortgage• <br />shall be deemed to Include "Deed of Trust,' if applicable. <br />X FI-IA. USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br />11IIS TAX - EXEMPT FINANCING RIDER is made lhis 23rc}lay of June 2000 and is <br />incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or <br />Socurily.Dead ('Security Inst(ument') of the same dale given by Ilse undersigned ( "florrower) la secure <br />Borrowar's Nola ( "Nola") to <br />Mountain West Financial, Inc. <br />( "Lender') of the same dale and covering-Ihe property described in the - Security Instrument and located <br />al: <br />503 Thebe Street <br />Cairo, NE 68824 <br />pProperty Addressl <br />In addition 10 the covenants and agreamenis made in file Security Instrument. Borrower and Lender <br />Iur111e1 covenant and agree to amend Paragraph 9 of the Model Mortgage Form. entitled "Grounds for <br />Acceleration of Dabt' as by adding additional grounds for accelerallon as follows: <br />Lender, or such of its successors or assigns as may be separale instrument assume <br />responsibility fur assuring compliance: by•llie Borrower with ilia provisions'of Ihls Tax- Exempt Financing <br />Rider; may require Inunadiale payment in full of all sums secured by fills Security Instrument If <br />(a) All or part of 11 Properly Is sold or.o111erwise transferred by Borrower to a <br />purchaser or other Iranslarea: <br />(1) W11o.cannot reasonably be- expected lo.occupy Ilia property.as a <br />principal Residence within a reasonably . time afler the sale or transfer all as provided In Section 143(0) <br />and (1)(2) of Ilia Internal Revenue Code; or <br />(ii) Who has had a present ownership interest in a principal Residence <br />during any.parl Of. Ilia. lhrea -year period anding on ilia dale.ol file sale or Iransfer. all as provided in <br />Section 143(d) and (1)(2) of ilia Internal Revenue Code (except tlial "100 percent" shall be substituted for <br />"95 percent or more" wllare tike laller. appears In Section 143(d)(1)); or <br />(iii) At an acquisition cost wilich is grealer.11lan 90 percent of the average <br />area purc11asa price (greater than 110 parcanl for"largaled areWRasidances). all as provided in Section <br />143(0) and (1)(2) of the Internal Ravenna Coda; or <br />(iv) Who has a gross family income in excess of Ilia applicable percentage <br />of applicable median family Income as proyided 10 Ssollon 143(f) and (1) (2) of the Internal Revenue <br />Coda; or <br />
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