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FORM E-3 CONVENTIONAL AND USDA RURAL DEVELOPMENT TAX-EXEMPT FINANCING RIDER �K��«� «~»» ��m r **� � � The aollowin0addondomthewnng shall be incorporated into, and recorded with, the Mortgage. The term "Mortgage" shail be deemed to iriciude Deed of Trust," it appcable THIS TAX-EXEMPT FINANCING RIDER is made the date set forth below and is incorporated into and shati be deemed to amend and ap|ementm Mortgage, Deed of Trust or SSecurity Deed (Security Instrument") of the same date given by the undersigned ("Borrower") to secure Borrower's Note ("Note") to GATEWAY as GROUP LLc (Lender") of the same date and covenng the property described in the Security Instrument and located at the property and address described as foflows: Address: 2O14Vy11THAVE GRAND ISLAND, NE 68803 In additi to the covenants and agreements made in th Security Instru t Borrower and Lender further covenant and agree to amend Paragraph 18 of the Uniform Mortgage Form, entitled "Transfer of the Property as a Beneficial Interest in Borrower," by adding additional grounds for acceleration as follows: Lender, or such of its successors or assigns as may by separate instrument assume responsibitity for assuring compliance by the Borrower with the provisions of this Tax-Exempt Financing Rider, may require immediate payrnent in fufl of alt sums secured by this Secunty Instrument if: (a) All or part of the Property is sold or otherwise transferred by Borro er 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 (IV) of the Internal Revenue Code; or (11) Who has had a present ownership interest in a principal residence duri of the three-year period ending on the date of the sale or transfer, all as provided in Section 143(d) and (i)(2) of the Internal Revenue Code (except that "100 percent' shall 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), alt as provided in Section 143(o) and VX2)oY the Internal Revenue Code; o, (iv) Who has gross family income in excess of the applicable percentage of applicable median family income as provided in Section 143(f) arid (i)(2) of the Intomal Revenue Code; or Borrower fails to occupy the property described in the Secunty lnstrument without pnor written consent of Lender or its successors or assigns described at the beginning of this Tax-Exempt Firiancing Rider, or (c) Borrower omits or misrepresents a fact that is material wimmspect to the provisions of Section 143 of the Internal Revenue Code in an application for the loan secured by this Security Instrument. References are to the Intemal Revenuo Code as amended and in effect on the d of i nce of bonds, the proceods of which will be used to finance the Security Instrument anVare deemed vo include the implementing regulations. If the Secunty lnstrument 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. (b) BY SIGNING BELOW, Borrower accep Financing Ri 4827-5e93-9776.8 W and agrees to the terms and provisions in this Tax-Exempt S^ //.8/ Non-Purchasing Spouse Date Date 0~^7-i-77ff Date NIFA MRB/Fwrm E - 3