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FORM E-3 <br />CONVENTIONAL AND USDA RURAL DEVELOPMENT <br />TAX- EXEMPT FINANCING RIDER <br />201805797 <br />The following addenda to the Mortgage shall be incorporated into, and recorded with, the Mortgage. The <br />teen 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 Security Deed (`Security Instrument") of the <br />same date given by the undersigned ("Borrower") to secure Borrower's Note ("Note) to <br />UNION BANK & TRUST <br />(Lender") of the same date and covering the property described in the Security lnstnument and located at the <br />property and address described as follows: <br />Address: 609 W 12TH ST 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 assig as may by separate instrument assume responsibility for <br />assuring compliance by the Borrower with the provisions of this Tax-Exempt Financing Rider, may require immedate <br />payment in full of al 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 />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax- Exempt <br />Financing Rider. _ <br />4827- 8093 <br />Borrower LAUREN DINAN <br />Non-Purchasing Spouse <br />(1) Who cannot reasonably be expected to occupy the property as a principal residence <br />within a reasonable time alter 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 lamest 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 (ix2) 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 />(iii) 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 (1)(2) of the Internal Revenue Code; or <br />Who has gross family income in excess of the applicable percentage of applicable median <br />family income as provided in Section 143(f) and (1 ) of the Internal Revenue Code; or <br />Borrower fails to occupy the property described in the Security Instmment 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 or misrepresents a fact that is material with respect to the provisions of 143 <br />of the Internal Revenue Code in an application for the ban 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 and of no force and <br />effect. <br />