201706604 - Laserfiche WebLink

Browse

The following addenda to the Mo shall be rtcorporated rated into, and recorded with the Mortgage. The term Mortgage' shall be deemed to include Deed of Trust, if applicabte. THIS TAX-EXEMPT FINANCING RIDER is made the date set forth below a shall be deemed to amend and supplement m Mortgage, Deed of Trust Security Deed ("Security|nstrument")of the same date given by tho undersigned (Borrower") to secure Borrowers Note ("Note") to GATEWAY MORTGAGE GROUP LLC FORM E-1 FHA AND HUD TAX-EXEMPT FINANCING RIDER ("Lender") of the same date and covering the property described in the Security Instrument and located at the property and address desribed as follows: Address: 2O18 PIONEER BLVD GRAND ISLAND, NE 68801 In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree to amend Paragr phRurthwMoua|Mu¢goqmronn.enutmu Debt by adding additionat grounds for acceleration as follows: Lender, or such of its successors or assigns as may by 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 Secunty lns(rument if: (a) Afl or part of the Property is sold or otherwise transferred by Borrower to a purchaser or other transferee: ( 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 0X2) of the Internal Revenue Code; u, (ii) Who has had a present ownership interest in a prtncipat Residence during any part of the three-year period ending on the date of the sale or transfer alt as provided in Sectiori 143(d) and VK Internal Revenue Code (excep that ^1O0 percent" shall ba substituted for 95 percent or more where the latter appears in Section 143(d)1)); or (iii) At an acquisition cost wtich is greater d`on8Vpercontofthoayeragearea purchase priue (greater than 110 percent percont for Resdences in targeted areas), alt as provided in Section 143(o) and (|)(2)cd the Internal Revenue Code: ur (iv) Who has gross family iricome in excess of the applicable percentage of applicable median family income as provided in Section 143(f)and (i)(2)ofthe lnternal Revenue Code; or (b) Borrower fails to occupy the property descnbed in the Secunty lnstrument without prior written consent of Lender or its successors or assigns described at the beginning of this Tax-Exempt Financing Rider: or (c) Borrower to the provisions of Sectio . 143 of the lntemal Revenue Code in an application for the loan secured by this Security lnstrurnent. 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 fi w the S oumyin$mmeotando,e deemed to nclude the implementing regulations. If tho Security lnstrument is not financed in whole or in part wiV,pmumedmofbondsiavuedhvthe Nebraska Investment Finance Authority, this Tax-Exempt Financing Rider shall be null and void and of no force and BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax-Exempt Financing Rider. *827-809*776o aon e, JORDAN RRERO BonowmWA P. GUERRERO Non-Purchasing Spouse Date Date nq-2-8_( Date �� � � � � �v � xxn �