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99109387
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99109387
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Last modified
3/13/2012 7:27:36 PM
Creation date
10/21/2005 12:49:19 AM
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DEEDS
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99109387
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99 109387 <br /> EXHIBIT E <br /> MORTGAGE AODENDUM <br /> The following are addenda to lhe Mortgage. Please check the applicable addendum. The <br /> addendum checked shall be incorporated into, and recorded with, the Mortgage. The term`Mortgage` <br /> shall be deemed to include"Oeed of Trusl," if applicable. <br /> �_FHA, USDA RURAL OEVELOPMENT and HUD ADDENDUM ONLY <br /> THIS 7AX-EXEMPT FINANCING RIDER is made ttiis 20 day of Sep. , 1999 and is <br /> i�corporaled into and shall be deemed to amend and supplemenl the Mortgage, Deed of Trust or <br /> Security Deed("Secu�ity Instrument")of the same date given by lhe unde�signed("Borrower)to secure <br /> Bo�rower's Note("Note") to <br /> Mountain West Financial, Inc. <br /> ("Lender')of lhe same date and covering the property described in the�Security Inst�ument and located <br /> at: <br /> 612 South Greenwich <br /> Grand Island, NE 68801 <br /> [Property Address] <br /> (n addition lo ll�e covenants and.agreements made in the Security Instrument, Bo�rower and Lender <br /> further covenant and agree to amend Parag�aph 9 of the Model Mortgage Form, entitled"Grounds for <br /> Acceleration of Debt"as by adding additional grou�ds for acceleration as follows: <br /> Lender, or such of its successors or assigns as may be separate instrument assume <br /> responsibiliry for assuring compliance:by•the Borrower with the provisions�of this.Tax-Exempt Financing <br /> Rider, may require immediate payment in full of all sums secured by this Security Inst�ument if: <br /> (a) All or pa�t of the Property is sold or.othervvise transferred by Borrower to a <br /> purchaser or other transferee: <br /> (I) Who.cannot ceasonably be.expected to_occupy the property.as a <br /> prinCipal.Residence within a�easonable.time after the sale or transfer al�as p�ovided in Section 143(c) <br /> and (I)(2)of the Intemal Revenue Code; or <br /> (ii) Who has had a�prese�t ownership interest in a principal Residence <br /> during any.paM 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 Internal Revenue Code(except that`100 pe�cent' shall be substituled fo� <br /> "95 percent or more"whe�e lhe latter.appears in Section 143(d)(1)); or <br /> s <br /> (iii) At an acquisition cost which is greater.than 90 pe�cent of the average <br /> area purchase price(g�eater 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 lhe applicable percentage <br /> of applicable median family income as provided in Section 143(�and (I) (2)of the Intemal Revenue <br /> Code; or <br /> �4 <br />
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