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201804521
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201804521
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Last modified
7/13/2018 4:26:58 PM
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7/13/2018 4:26:57 PM
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DEEDS
Inst Number
201804521
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The following addenda to the Mortgage shall be incorporated , and recorded with, the Mortgage. The <br />term Mortgage shall be deemed to include "Deed of Trust,° if appticable, <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 />("Lender") of the same date and covering the property described in the Security Instrument and located a the <br />property and address described as follows: <br />� <br />TAX-EXEMPT FINANCING RIDER is made the date set forth below and is incorporated into and shall <br />Address: 203 E 9TH ST GRAND ISLAND, NE 68801 <br />In additon to the and agreements made in the Security Instrument, and Lender further <br />covenant and agree to amend Paragraph 18 of the Uniform Mortgage Form, entitled "Transfer of the Property as a <br />Beneficial Interest in Borrower,' by adding additional grounds for acceleration as follows: <br />Lender, or such o/ its successors or assigns uo may by separate instrument 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 ail sums socured by this Securty Instrumerit if: <br />(a) Alt or part of the Property is sold or otherwise transferred by Borrower to a purchaser or other <br />transferee: <br />Who cannot reasonably be expecte to occupy the property as a principal residence <br />within a reasonable time after the sate or transfer, all as provided in Section 143(c) and <br />(i)(2) of the Internal Revenue Code; or <br />V0 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 (i)(2) of the Internal Revenue Code (except that "100 percent" shall be <br />substituted for "95 percent or more" where the latter appears in Section 143(d)(1); or <br />W; 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 (i)(2) of the Internal Revenue Code; or <br />(iv) Who has gross family ncome in excess of the applicable percentage of applicable median <br />family income as provided in Section 143(f) and 0)(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 mrmisrepresents a fact that is material wtth respoct to the provisioris of Section 143 <br />of the Internet Revenue Code in an application for the loan securod by this Security Instrument. <br />References are to the Internal Revenue Code as amended and in effect on the date 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 />regulations. If the Secunty Instrument is not finarrced iri whole or in part part with proceeds of bonds lssued by the <br />Nebraska Investment Finance Authority, this Tax-Exempt Financing Rider shall be null and void and of no force and <br />effect. <br />BY SIGNING GELOvY.Borm m <br />Borrower accepts the terms <br />provisions this <br />Financing <br />4827-8093-9776.S <br />rer <br />Borrower <br />FORM E-3 <br />CONVENTIONAL AND USDA RURAL DEVELOPMENT <br />TAX-EXEMPT FINANCING RIDER <br />Borrower MAYKEL TIHERT CARRASCO <br />NonfurchasingSppune � <br />7 �� <br />� � ���� //7 <br />Date <br />Date <br />�����K����� <br />�«»�m���^x��� <br />
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