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200011091
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200011091
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Last modified
10/13/2011 10:57:41 PM
Creation date
10/20/2005 10:46:12 PM
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DEEDS
Inst Number
200011091
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200011091 <br />EXHIBIT E <br />MORTGAGE ADDENDUM <br />l'he following are addenda to the Mortgage. Please check Ilia applicable addendum. Tho <br />addendum checked shall be incorporated into, and recorded with, file Mortgage. The term "Mortgage' <br />shall be deemed to include 'Deed of Trust," if applicable. <br />X FHA, USDA RURAL_ DEVELOPMENT and HUD ADDENDUM ONLY <br />TI IIS TAX - EXEMPT FINANCING RIDER is made this 22nd day ofDec. 20QO and is <br />incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust or <br />Security Dead (`Security Instrument ") of Ilse same dale given by Ilia undersigned ('Borrower-) to secure <br />Borrower's Nola ( "Nola") to <br />Mountain West Financial, Inc. <br />( "Lender ") of Ilia same dale and covering-the property described in the .Security Instrument and located <br />al: <br />2224 N. Grand Island Avenue, Grand Island, NE 68803 <br />(Property Adrlress) <br />In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender <br />Im flier covenant and agree to amend Paragraph 9 of Ilia Model Mortgage Form, entitled "Grounds for <br />Acceleration of Debt' as by adding additional grounds for acceleration as follows: <br />Lender, or such of its successors or assigns as may be separate instrument assume <br />responsibility for assuring compliance. by•Ille Borrower with Ilse provisions 'of this Tax- Exempt Financing <br />Rider, may require immediate payment in full of all sums secured by this Security Instrument if: <br />(a) All or part of the Properly is sold or-otherwise transferred by Borrower to a <br />purchaser or other Iransfaree: <br />(1) Who cannot reasonably be.expected to.occupy the property-as a <br />principal Residence within a reasonable.lime after the sale or transfer all as provided in Section 143(c) <br />and (1)(2) of Ilia Internal Revenue Code; or <br />(ii) Who has had a present ownership interest in a principal Residence <br />during any pall of. lite.three. year period ending on Ilia dale-01 the sale or transfer, all as provided in <br />Section 143(d) and (1)(2) of file internal Revenue Code (except that `100 percent' shall be substituted for <br />'95 percent or more' where the laller.appears in Section 143(4)(1)); or <br />(iii) At an acquisition cost which is grealevilian 00 percent of Ilia average <br />area pwchase price (greater than 110 percent for targeted area Residences), all as provided in Section <br />143(e) and (1)(2) of the Internal Revenue Code; or <br />(iv) %Nho has a gross family income in excess of Ilse applicable percentage <br />of applicable median family InCOnla as provided In Section 143(1) and (1) (2) of Ilia internal Ravanue <br />Coda; or <br />
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