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99110032
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Last modified
3/13/2012 7:42:41 PM
Creation date
10/21/2005 1:03:17 AM
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DEEDS
Inst Number
99110032
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- - 99 110032 <br /> EXHIBIT E <br /> MORTGAGE ADDENOUM <br /> The following are addenda to the Mo�tgage. Please check the applicable adde�dum. The <br /> addendum checked shall be i�co�porated inlo, and recorded with, the Mortgage. The lerm"Mortgage' <br /> shall be deemed to include"Oeed of T�ust,"if applicable. <br /> _�_FHA, USDA RURAI DEVELOPMENT and HUD ADDENOUM ONLY <br /> THIS TAX-EXEMPT FINANCING RIDER is made this1 2th day of Oct. , �999 and is <br /> incorporated into and shall be deemed to amend and supplement the Mo�igage, Deed of T�ust or <br /> Security Deed ("Security I�st�ument")of lhe same dale given by the unde�signed ("Bo�rower)to secure <br /> 8orrower's Note("Note") to <br /> Mountain West Financial, Inc. <br /> ("Lender')of ihe same date and coveri�g the property described in the�Security Instrument and located <br /> at: <br /> 1124 West 4th Street <br /> Grand Island, NE 68801 <br /> (Property Address) <br /> (n addition to the covenants and.agreements made in the Security instnament, 8or�ower and Lender <br /> further covenant and agree to amend Paragraph 9 of lhe Model Mortgage Form, entitled"Grounds for <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 inslrument assume <br /> responsibility 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 Instrument if: <br /> (a) All or part of the Property is sold.o�.othen�vise t�ansfer�ed by Borrower to a <br /> pu�chaser o�other Iransferee: <br /> (1) Who.cannot ceasonably be:expected to_occupy the property.as a <br /> pri�Cipal.Residence within a ceasonable.time atte�the sale or transfer a11 as provided in Seclio� 143(c) <br /> and(I)(2)of the Intemal Revenue Code; o� <br /> (ii) Who has had a�present ownership i�te�est in a principal Residence <br /> during any.part of.the.three-yea�pe�iod ending on the date.of the.sale o�transfe�, all as provided in <br /> Section 143(d)and (I)(2)of the Intemal Revenue Code(except Ihat`100 pe�cent'shall be subslituled for <br /> "95 pe�cent or more"where the latter.appears in Seclion 143(d)(1)); or <br /> , (iii) At an acquisition cost which.is greater.lhan.90 pe�cent of the average <br /> a�ea purchase p�ice(greate�than 11p percent fortargeted a�ea Residences), all as p�ovided in Seclion <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 proyided in Seclion 143(� and (I) (2)of lhe IMemal Revenue <br /> Code; or <br /> 69 � <br />
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