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(a) <br />Borrower <br />4827-8093-9776.8 <br />Non-Purchasing Spouse <br />FORM E-3 <br />CONVENTIONAL AND USDA RURAL DEVELOPMENT <br />TAX-EXEMPT FINANCING RIDER <br />DY <br />Date <br />Date <br />Date <br />� K� � � � K� ��� <br />������xv�� <br />The addenda to the Mo md| be incorporated into, and recorded with, the Mortgage. The <br />term "Mortgage' shall be deemed to inc Deed of Trust, if applicable. <br />THIS TAX-EXEMPT FINANCING RIDER is made the date set forth below and is forth below and is incorporated inm'andmhal| <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 Borrower's Note ("Note") to <br />GATEWAY MORTGAGE GROUP LLC <br />CLender) 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: 004 SHERMAN AVE GRAND ISLAND, NE 68803 <br />tn addition to the covenants and agreements made in the Security Instrument, Borrower and Lwndarmurt*er <br />covenant and agree to amend Paragraph 18 of the Uniform Mortgage Form, entitled Trarisfer of the Property as a <br />Beneficial Interest in Borrower," by adding additional grounds for acceleration as follows: <br />Lender, n, such ufi� ' <br />successors separate invummentasnume <br />eosuhnVcompliance Uy the Borrower with the provisions uf this Tax-Exempt Financing Rider, may require immediate <br />payment in full of all sums secured by this Security Instrument if: <br />All or part of the Property is sotd or otherwise transferred by Borrower to a purchaser or other <br />transferee: <br />(|) Who can m reasonably wu expected to occupy the property a"a principal <br />within a reasonable time after the sale or transfer, all as provided in Section 143(c) and <br />(i)(2) of the tnternal Revenue Code; or <br />(ii) Who has h st in a principal residence during any rt of the <br />three-year period ending oo the date o, the sale v, transfer, all p" provided . .Section <br />143(d) and (i of the Intarnal RevenueCode(exmep^mat <br />substituted for 95 percent or more where tho latter appears iri Section 143(d)(1); or <br />V@ At an acquisition cos which is greater than 90 percent of the average area purchase price <br />(greater than 110 percent for Residence in targeted areas), alt as provided in <br />Section 143(o) and 8X2>o the Internal Revenue Code; nr <br />(iv) Who has gross family income in excess of the applicabte percentage of applicable median <br />family income as provided in Section 143(0 and (i)(2) of the Internal Revenue Code; or <br />(b) Borrower fails to occupy the property described in the Security lnstrument without without prior written <br />consent of Lender or its successors or assigns deschbed at the beginning of this Tax <br />Financing Rider, or <br />(c) Borrower omits or misrepreserits a fact that 5 material with respect 10 the provisions nfSe000n1*3 <br />of the Internal Revenue Code in an application for the loan secured by this Security Instrument. <br />References are to (he lnternal Revenue Code as amendod and in effec on the dato of issuance of bonds, <br />the proceeds of which will be used to finance the Security Instrument and are deemed to include the implementing <br />the — nm�nmncedin whole nrin part with momodopf bonds �sued by the <br />Nebraska regulations. Investment ~ Finance Authority, this Tax-Exempt Financing Rider shall be null and void and of no force and <br />effect. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax-Exempt <br />Financing Rider. <br />