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99104883
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Last modified
3/13/2012 5:37:24 PM
Creation date
10/20/2005 11:19:09 PM
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DEEDS
Inst Number
99104883
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� gg_ 1�4ss3 <br /> � <br /> :... �.. <br /> .. .� <br /> • EXHfBlT E � <br /> � MORTGAGE ADDENDUM : <br /> The following are addenda to the Mo�tgage. Please check the applicable addendum. The <br /> addendum checked shaii be incorporated into, and reco�ded with, the Mortgage. The term"Mortgage' <br /> shall be deemed to inciude"Deed of Trust," if appiicabie. <br /> X FHA, USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br /> THIS TAX-EXEMPT FINANCING RIDER is made this 5th day of May , 1999 2nd is <br /> incorporated into and shaii be deemed to amend and supplement the Mortgage, Deed of Trust or <br /> Security Deed ("Security InstrumenY')of the same date given by the undersigned ("Borrower)to secure . <br />•� BoROwers Note("Note')to - <br />� Mountain West Financial, Inc. <br />� ("Lender) of the same date and covering the p�operty described in the Security Instrument and IocateJ <br /> at <br /> 420 North��Sherman <br /> Grand Island, NE 68�803 <br /> jProperty AddressJ <br />' In addition to the covenants and agreements made in the Security Instrument, Borrower and Lende� <br />� further covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entitled"Grounds fo� <br /> Acceleration of DebY as by adding additiona!grounds for acceleration as follows: <br />� Lender,or such of its successors or assigns as may be separate instn�ment assume <br />� responsibility for assuring compiiance by the BoROwer with the provisio�s of this Tax-Exempt�nancing <br />� Rider, may require immediate payment in full of all sums secu�ed by this Security instrument i'r. <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 reasonabiy be expected to occupy the property as a <br /> principal Residence within a reasonable time after 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 principal Residence <br /> during any part of the three-year period ending on the date of the sale o�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 pe�cent 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 Interna) Revenue Code; o� . <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 lntemal Revenue <br />� Code; or <br />; . . <br /> � :..�� <br /> 69 <br />
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