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W <br />Borrower N <br />Borro e, <br />4827-8093-9776.8 <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' shall be deemed to include 'Deed of Trust," if applicable. <br />THIS TAX-EXEMPT FINANCING RIDER is made the date set forth below and is incorporated into and shall <br />be deemed to amend and supplement the Mortgage Deed of Trust or Secunty Deed ( Security Instrument ) of the <br />same date given by the undersigned ("Borrower") to secure Borrower's Note ("Note") to <br />GATEWAY monro*as GROUP uo <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: 1123 S LINCOLN AVE GRAND ISLAND, NE 68801 <br />In addition to the covenants and agreements made in the Security Instrument, Borrower 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 of its successors or assigns as may by separate instrument assume responsibility <br />assuring compliance by the B with the provisions of this Tax-Exempt Financing Rider, may require immediate <br />payment in full of all sums secured by this Security Instrument if: <br />(a) All or part of the Property is sold or otherwise transferred by Borrower to a purchaser 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 />(i)(2) of the Internal Revenue Code; or <br />(ii) Who has had a present ownership interes in a principal residence d ri rt of the <br />three-year period ending the date of the le or transfer, all as provided i Section <br />14a(u) and 0(2) uf the Internal Revenue Code (except that ^1oO percent" shall ue <br />substituted for "95 percent or more" where the latter appears in Section 143(d)(1): or <br />(iii) At an acquisition cost which is greater than 90 p t of thaewuragwaeepuohosnprico <br />(greater than 110 percent for Residences in targeted areas), all as provided in <br />Section 143(e) and (iX2) of the Internal Revenue Code; or <br />(iv) Who has gross family income in excess of the applicable percentag f applicable medion <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 />Borrower omits o misrepresents a fact that is material with respect to the provisions of Sectio 143 <br />of the Internal Revenue Code in an application for the loan secured 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 Security Instrument is not financed in whole or in part with proceeds of bonds issued by the <br />Nebraska Investment Finance Authority, this Tax-Exempt Financing Rider shall be null and void arid of no force and <br />effect. <br />BY SIGNING BELOW orrower accepts and agrees to the terms and provisions in this Tax-Exempt <br />Financing Rider. <br />L ON LIMONTA-SIMONO <br />t77 17//g" <br />Date <br />Date <br />Date ' ^ <br />�@�����K8�� <br />���m����� <br />NIFA M /Form E-3 <br />