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99106479
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Last modified
3/13/2012 6:17:04 PM
Creation date
10/20/2005 11:49:56 PM
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DEEDS
Inst Number
99106479
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99 106479 <br /> EXHIBIT E <br /> MORTGAGE ADDENDUM <br /> The following a�e addenda to the Mortgage. Please check the applicabie addendum. The <br /> addendum checked shall be incorporated i�to, and�ecorded with, the Morigage. The le�m"Mohgage' <br /> shal) be deemed to include"Oeed af Trust,"if applicable. <br /> �_FHA, USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br /> THIS TAX-EXEMPT FINANCING RI�ER is made It�is25thday of June , 1�9 and is <br /> incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust o� <br /> Security.Deed("Secu�ity Inst�ument")of lhe same dale give� by the unde�signed('Bo�rower) to secu�e <br /> 8o�rawers Note("Note') to <br /> Mountain West Financial, Inc. <br /> ("Lender)of the same date and covering the property desc�ibed in the�Security Instrument and located <br /> at: <br /> 1143 South Lincoln, Grand Island, NE 68801 <br /> [Property Addressj <br /> (n addition to the covenanls and agreements made in ihe Secu�ity Instn.iment, Borrower and Lender <br /> (urther covenant and agree to amend Paragraph 9 of lhe Model Mortgage Fo�m, entilled"Grou�ds (or <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 sepa�ate instrument assume <br /> responsibility for assuring compliance:by�the Bo�rower with the provisions�of this Tax-Exempt Financi�g <br /> Ride�;may require immediate payment in full of all sums secured by this Security Instrument if: <br /> (a) All o�pa�t of the Property is sold.o�.othervvise t�ansferred by Bo��ower to a <br /> purchaser o�othe�Iransferee: <br /> (I) Who.ca�not r.easonably be.expected to_occupy lhe property.as a <br /> prinCipal.Residence within a ceasonable.time after the sale or transfe� al1 as provided in Section 143(c) <br /> and(1)(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.lhe.three-year pe�iod ending on the date.of the.sale or transfer, all as provided in <br /> Section 143(d)and (I)(2)of the Internal Revenue Code(except that`100 pe�cent' shall be subslituted fo� <br /> "95 percent or more"whe�e the latter.appears in Section 143(d)(1)); or <br /> . (iii) At an acquisition cost which.is g�eater.than 90 percent of the average <br /> area purchase price(g�eate�than 11p pe�cent fo�ta�geted area Residences), all as provided in Sectian <br /> 143(e) and (I)(2)of lhe Internal Revenue Code; or <br /> (iv) Who has a g�oss family income in excess of the applicable perceMage <br /> of applicable median family income as proyided in Seclion 143(�and (I) (2)of Ihe Inlernal Revenue <br /> Code; or <br /> 69 <br />
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