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99104062
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Last modified
3/13/2012 5:18:36 PM
Creation date
10/20/2005 11:04:17 PM
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DEEDS
Inst Number
99104062
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99- �a4os2 <br /> ; <br /> ��. <br /> ::: :. <br /> ' • EXHIBIT E � <br /> ; MORTGAGE ADDENDUM _ <br /> The following are addenda to the Mo�tgage. Please check the applicable addendum. The <br /> addendum checked shall be incorporated into, and recorded with, the Mortgage. The term"Mortgage' <br /> shali be deemed to include"Deed of Trust," if applicable. <br /> �_FHA, USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br /> THIS TAX-EXEMPT FINANCING RIDER is made this 1 9t�ay of April , �9 99 and is <br />� incorporated into and shall be deemed to amend and supplement the Mo�tgage, Deed of Trust or <br /> Security Deed ("Security InstrumenY') of the same date given by the undersigned ("Borrower') to secure _ <br /> Borrower's Note ("Note")to <br /> Mountain West Financial, Inc. <br />� ("Lende�') of the same date and covering the property described in the Security Instrument and locate� <br /> � at: <br /> 222 East 13th �Street, Grand Island, NE 68801 <br /> [Properly AddressJ <br /> � In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender <br />� further covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entitled"Grounds fior <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 the BoROwer with the provisions of this Tax-Exempt Financing <br /> � Rider, may require immediate payment in full of all sums secured by this 5ecurity Instrument i"r. <br /> : (a) All or part of the Property is sold or othenNise transferred by BoROwer 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 afte�the sale or transfer, all as provided 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 principa! 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 average <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 app(icable percentage ' <br /> of applicable median family income as provided in Section 143(fl and (I) (2)of the Internal Revenue <br /> , <br /> Code; or <br /> ...� <br /> 69 <br />
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