Laserfiche WebLink
200006515 <br />('Lender') of the same date and covering the property described in the Security Instrument and located <br />at: <br />f Property Address] <br />In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender <br />further covenant and agree to amend Paragraph 17 of the Uniform Mortgage Form, entitled "Transfer of <br />the Property as a Beneficial Interest in Borrower' as by adding additional grounds for acceleration as <br />follows: <br />Lender, or such of its successors or assigns as may by separate instrument assume <br />responsibility for assuring compliance by the Borrower with the provisions of this Tax - Exempt Financing <br />Rider; may require immediate payment 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 <br />principal residence 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 <br />during any part 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' shall be substituted for <br />"95 percent or more' where the latter appears in Section 143(d)(1); or <br />(iii) At an acquisition cost which is greater than the maximum limits <br />established by the Nebraska Investment Finance Authority (the 'Authority') in connection with its <br />Program, pursuant to which Program this Security Instrument is financed; or <br />(iv) Who has a gross family income in excess of the maximum limits <br />established by the Authority in connection with its Program; or <br />(b) Borrower fails to Occupy. the property described in the Security Instrument <br />without prior written consent of Lender or its successors or assigns described at the beginning of this <br />Tax - Exempt Financing Rider, or <br />(c) Borrower omits or misrepresents a fact that is material with respect to the <br />provisions of Section '143 of the Internal Revenue Code in an application for the loan secured by this <br />Security Instrument. <br />References are to the internal Revenue Code as amended and in effect on the. date of <br />-issuance of bonds; the proceeds of which will be used to-finance the Security Instrument and are <br />deemed to include the implementing regulations. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax= <br />Exempt Financing Rider. <br />Borrower <br />Borrower <br />71 <br />