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99 1U8917 <br /> (u) Who has had a present ownenhip interest in a principai Residence <br /> durin,any part oi the three-year period ending on the date of the sale or transfer, <br /> all as provide� in Section I�3(d) and (i)(2) of the Internal Revenue Code (except <br /> that "100 percent" shall be substituted for "95 percent or more" where the Iatter <br /> appears in Secrion 1�3(d)(1)); or <br /> (ui) :�t an acquisition cost which is ;reater than 90 percent of the <br /> avera;e area purchase price (Qreater than 110 percent for tar;eted area <br /> Residences), all as provided in Section 143(e) and (i)(2) of the Internal Revenue <br /> Code; or <br /> (iv) Who has a gross family income in excess of the applicable <br /> percentage of applicable media.n famiiy income as provided in Section 143(� and <br /> (i) (2) of the Internal Revenue Code; or <br /> (b) Borrower fails to occupy the properry described in the Security Instrument <br /> without prior written consent of I.ender or its succ�ssors or assi�ns described at the <br /> beginni.ng of this Tax-Exempt Financing Rider, or <br /> (c) Borrower omits or misrepresents a fact that is material with resnect to the <br /> provisions of Szction 143 ot the Internal Revenue Code in an a�plication for che loan <br /> se�ure� bv this Securitv Znstrsment. <br /> Retezences are to rhe Internal Revenue Code as amended and in efFect on the date <br /> of issuance of bonds, the proceeds ot which will be used to finance the S�urity <br /> Instrument and are deemed to inciude the i.mplementing regulations. <br /> BY SIG�TING BELOW, Borrower accepts and aarees to the tezms a.nd provisions in this <br /> Tax-Exempt Financing Rider. <br /> ����so;:��. n �������t- <br /> Borrower J COIVCEPCION REYES-CERUANTES <br /> Borrower <br /> ovis�2asa E-2 <br />