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(d) Borrower MAD/SDNMAZANEC FORM E-1 FHA AND HUD TAX-EXEMPT FINANCING RIDER The follo addenda to the Mortgage shall beincorporated into, and recorded with, the Mortgage. The term "Mortgage' shall be deemed to include Deed of Trust,' if applicable. THIS TAX-EXEMPT FINANCING RIDER is made th date set forth b&ow and isinuurpmratedintoandshal| be deemed to amend onu'nupp|ement the Mortgage, Deed of Trust or Security Deed CSecurity Instrument") of the same date given by the undersigned ("Borrower") to secure Borrower's Note ("Note") to GATEWAY MORTGAGE GROUP LLC (lender") of the same date and covering the property described in the Security Instrument and located at the property and address described as fotlows: Address: 2208 N GRAND ISLAND AVE GRAND ISLAND, NE 68803 In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entitled "Grounds for Acceleration of Debt," by adding additional grounds for acceleration as foliows: Lender, or such of its successors or assigns instrument assume responsibility for assuring comphance by the Borrowerwith the provisjons ofthis Tax Exempt Financing Rider may requiro mmedate payment in full of alt sums secured by this Security Instrument if: (a) All or part of the Property is sold or otherwlse transferred by Borrower to a purchaSor or other transferee: 0 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 (i)(2) of the Intemal Revenue Code; or (ii) Who has had a present ownership i principal Residence during any part 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 th 90 percerit of the average area purchase price (greater than 110 percent for Residences in targeted areas), all as provided in Section 143(e) and (i)(2) of the Internal Revenue Code; or (iv) Who has gross farnily income in excess of the applicable percentage of applicable medlan family income as provided iri Section 143(0 and (i) (2) of the Jnternal Revenue Code; or Borrower fails to occupy the property descnbed in the Security Instrument without prlor written consent of Lender or its successors or assigns described at the beginning of thls Tax-Exempt Financing Rider; or (c) Borrower omits or misrepresents a fact that is material with respect the provisions of Section 143 of the Internet Revenue Code in an application for the loan secured Vy this Security Instrument. References are to the lnternal Revenue Code as amended and in effect on the date of issuance of bonds, the proceeds of which will be used to finance the Security Instrument and are deemed to include the implementing regulations. If the Security Instrument 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. BY SIGF'JING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax-Exemp Financing Rider. Borrower Date Non-Purchasing Spouse Date �� \� \�� \w Date �� w� �x � �n «� � K�� ��«»