Laserfiche WebLink
99- �.��3��1 <br /> ; <br /> . _, <br /> :.. :� <br /> . • EXHIBIT E � <br /> ; MORTGAGE ADDENDUM " <br /> The foilowing are addenda to the Mortgage. Please check the applicabie addendum. The <br /> addendum checked shall be incorporated into, and recorded with, the 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 /> THIS TAX-EXEMPT FINANCING RIDER is made this 5th day of April� 1�9 and is <br /> incorporated into and shall be deemed to amend and supplement the Mo�tgage, Deed of Trust or <br /> Secu�ity Deed ("Security Instrument") of the same date given by the undersigned ("Borrower) to secure _ <br /> Borrower's Note("Note') to - <br /> Mo.untain West Financial, Inc. <br /> ("Lende�') of the same date and covering the property described in the Security Instrument and located <br /> at <br /> 1404 North Eddy, Grand Island, NE, 68801 <br /> [Properiy Address] <br /> In addition to the covenants and agreements made in the Security Instrument, Borrower and L�nder <br /> further covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entitled"Grounds for <br /> - Acceleration of Debt'as by adding additional grounds for accele�ation as follows: <br /> Lender, or such of its successors or assigns as may be sepa�ate instrument assume <br /> responsibility for assuring corrtpliance by the BoROwer with the provisions of this Tax-Exempt Financing <br /> Rider, may require immediate payment in full of all sums secu�ed by this Security Instrument if: <br /> (a) All or part of the Property is sold or otherwise transferred by Borrower to a <br /> purchaser or other transferee: . . - <br /> (I) Who cannot reasonably be expected to occupy the property as a <br /> principal Residence within a reasonable time after the sale or transfer,�all as p�ovided in Section 143(c) <br /> and (I)(2) of the Internal Revenue Code; or <br /> ' • (ii) Who has had a present ownership interest in a principal Residence <br />: during any part of the three-year period ending on the date of the sale or transfer, all as provided in <br /> Section 143(d) and (I)(2) of the Intemal Revenue Code (except that"100 percent"shall be substituted for � <br /> "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 averzge <br /> area purchase price (greater than 110 percent for targeted area Residences), all as provided in Section <br /> 143(e) and (I)(2) of the Internal Revenue Code; or . <br /> (iv) Who has a gross family income in excess of the applicable percentaga ' � <br /> of applicable median family income as provided in Section 143(fl and (I) (2) of the lnternal Revenue <br />' Code; or . <br /> ..J <br /> 69 <br />