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Pr) FORM E -1 FHA AND HUD TAX-EXEMPT FINANCING RIDER The following addenda to the Mortgage shall be incorporated into, and recorded with, the Mortgage. The term °Mortgage' shhall be deemed b include 'Deed of Trust, if applicable. THIS TAX - EXEMPT FINANCING RIDER is made the date set forth below and is incorporated into and shall be deemed b amend and supplement the M ortgage , Deed of Trust or Security Deed (' Secwity` Instrument) of the same date given by the undersigned (Borrower') to secure Borrower's Note ('Note ") to UNION BANK & TRUST (`Lender') of the same date and covering the propertydesctibed in the Security Instrument and located' at the property and address described as follows: Address: 710 E 13TH STREET GRAND ISLAND, NE 68801 In addtion to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entitled "hounds for Acceleration of Debt' by addng additional grounds for acceleration as follows: Lender, or such of its successors or assigns as may by separate instrument assure responsibility for assuring compliance by the Borrower with the provisions of this Tax - Exempt Financing Rider, may require immediate payment in fu1 of al sums secured by this Security Instrument it (a) AN 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 pnncipal Residence within a seasonable timete the ortransfer, al as provided in ction 143(c) and (i)(2) of the kitemal Reve r Code; sale or Who has had a present ownership interest in a pr Res idenc e d any part of the three-year period e!dng on the date of the sale or transfer a0 as provided in Section su 143(d)and (1X2) of the Internal Revenue Code (except that `100 percent shati be substituted for '95 percent or more" where the latter appears in Section 143(d)(1)); or (iii) At an acquisition cost which is greater than 90 percent of the average area purchase price (greater than 110 percent for Residences in targeted areas), all as provided in Section 143(e) and (ix2) of the Internal Revenue Code; or Who has gross family income in excess of the applicable percentage of applicable medan family income as provided in Section 143(1) and (i) (2) of the Internal Revenue Code; or (b) Borrower fails to occupy the property described in the Security Instr without prior written consent of Lender or its successors or assigns described at the beginning of this Tax- Exempt Financing Rider, or (c) Borrower omits or misrepresents a fact that is material with respect to the provisions of Section 143 of the Internal Revenue C ode in an application for the loan secured by this Security Inst unent 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. If the Security Instrument is not financed in whole or in part with proceeds of bonds issued by the Nebraska Investment Finance Authority, this Tax- Exempt Financing Rider shall be null and void and of no force and effect. BY SIGNING BELGN, Borrower accepts and agrees b the terms and provisions in this Tax- Exempt Financing Rider: nvl► Borrower 4827 - 80959776.8 Non - Purchasing Spouse N D..IARMIN � c7 Date NIFA MRB/FORM E -1 (07/2012) 201706671