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<a) <br />��093-97mu <br />FORM E-3 <br />CONVENTIONAL AND USDA RURAL DEVELOPMENT <br />TAX-EXEMPT FINANCING RIDER <br />The following addenda to the Mortgage shall be incorporated into, and recorded with, the Mortgage The <br />term "Mortgage" bwueen*um|nomue - ueedm /mn.»oppvomole. <br />THIS TAX-EXEMPT FINANCING shall <br />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 Borrowers Note ("Note") to <br />GATEW6Y MORTGAGE GROUP LLC <br />("Lender") of the same date and covering the property described in the Security Instrument and located at the <br />property and address described as follows: <br />Address: 807VV17TMST GRAND ISLAND, NE 68801 <br />/n addition m the covenants and agreements made in the Security Instrument, Borrowe and Lender further <br />covenant arid agree to amend Paragraph 18 oE the Uniform Mc Form, entitled Trarisfer of the Property as a <br />Beneficial Interest in Borrower,' by adding additional grounds for acceleration as follows: <br />Lender. or such of its successors or assigns or assgns as may by separate instrumont t assume responsibility for <br />assuring compliance by the Borrower with the provisions of this Tax-Exempt Financing Rider, may require immediate <br />payment in full of alt sums secured by this Socurity lnstrument itt <br />Al! or part of the Property is sold or otherwise transferred by Borrower to a purchas or other <br />transferee: <br />0 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) and <br />(iX2) of the Internal Revenue Code; or <br />(ii) Who has had a present ownership interest in a principal residence during any part of the <br />three-year period ending on the date of the sale or transfer, all as provided in Section <br />143(d) and (0(2) of the Internal Revenue Code (except that "100 percent" shall be <br />substituted for 4 95 percent or more" where the latter appears in Section 143(d)(1); or <br />@V At an acquisition cost which is greater than 90 percent of the average area purchase price <br />(greater than 110 percent for Residences in targeted areas), all as provided in <br />Section 143(e) and (0(2) of the Internal Revenue Code; or <br />(iv) Who has gross family lncome iri excess of the applicable of applicable median <br />family income as provided in Section 143(f) and (i)(2) of the Internal Revenue Code; or <br />(b) Borrower fails to occupy the property described in the Security Instrument without prior written <br />consent of Lender or its successors or assigns described at the beginning of this Tax-Exempt <br />Financing Rider, or <br />(c) Borrower omits or misrepresents a fact that is material with respect to the prov ions of Section 143 <br />of the Intemal Revenue Code in an application for the loan secured by this Security Instrument. <br />References aro to the lnternal Revenue Code as amended and in effect on tho date of issuance of borids, <br />the proceeds of which will be used to finance the Security Instrument and are deemed to include the implementing <br />regulations. If the Security lnstrument is riot financed in wholo or in part wit»pmmaodoufbundoissvadbythe <br />Nebraska lnvestment Finance Authority, this Tax-Exempt Financing Rider shall be riull and void and ot no force and <br />effect. <br />BY SIGNIN 'B OW, OW, Borro r accepts and agrees 10 the ternis and prov in this Tax-Exempt <br />Financing Rider. ' <br />/o/�� /[ ^� <br />.-/~* <br />Bo A��J.� u�e <br />Borrower Date <br />Non-Purchasing Spouse Date <br />���������� <br />-~�*�w����� <br />