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99110214
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Last modified
3/13/2012 7:46:53 PM
Creation date
10/21/2005 1:07:29 AM
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DEEDS
Inst Number
99110214
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99 110214 <br /> EXHIBIT E <br /> MORTGAGE ADDENDUM <br /> The following are addenda lo the Motigage. Please check the applicable addendum. The <br /> addendum checked shall be incorpo�aled into, a�d �eco�ded wilh, the Mo�tgage. The term`Mohgage' <br /> shall be deemed to include"Oeed of Trust,"if applicable. <br /> �_FHA, USDA RURAI DEVELOPMENT and HUD ADDENOUM ONLY <br /> THIS TAX-EXEMPT FINANCING RIDER is made this1 9thday of Oct. . 19 ggand is <br /> incorporated into and shall be deemed to amend and supplement the Mortgage, Oeed of Trust o� <br /> Secu�ity..Deed("Security Inst�ument')of the same date given by the undersigned("Borrower)to secu�e <br /> Borrower's Note("Note')to <br /> Mountain West Financial, Inc. <br /> ("Lender')of lhe same date and covering the property desc�ibed in the Security Instrument and located <br /> at: <br /> 418 East 13th Street, Grand Island, NE 68801 <br /> (Property Addressj <br /> (n addition lo the covenanls and.agreements made in lhe Security Instrument, Borrower and Lende� <br /> (uriher covenant and agree to amend Paragraph 9 of lhe Model Mortgage Form, entitled"Grounds for <br /> Acceleralion of Debt"as by adding additional grou�ds for acceleration as follows: � <br /> Lender, or such of its successors or assigns as may be sepa�ate instrument assume <br /> �esponsibility for assu�ing compliance:by•Ihe Borrower with Ihe provisions�of this Tax-Exempt Financing <br /> Rider;may require immediate payment in full of all sums secu�ed by this Securiry Inst�ument if: <br /> (a) All or part of the Property is sold.or.othenivise Iransfe�red by Borrower lo a <br /> purchaser or other Iransferee: <br /> (1) Who cannot ceasonably be_expected to_occupy the property.as a <br /> prinCipal.Residence within a reasonable.time after the sale or transfer al1 as provided in Section 143(c) <br /> and(1)(2)of lhe Internal Revenue Code; or <br /> (ii) Who has had a�present ownership i�terest in a principal Residence <br /> during any.part of.the.three-year period e�ding on the date.of the.sale or transfer, all as provided in <br /> Section 143(dj and(I)(2)of the tnternal Revenue Code(except that`100 percent' shall be substiluted for <br /> "95 percent or more"where the latte�.appears in Section 143(d)(1)); or <br /> (iiij At an acquisition cost which is greater.than 90 pe�cent of�the average <br /> area purchase price(g�eate�than 11 p percenl for largeted area Residences), all as provided in Section <br /> 143(e)and (1)(2)of lhe Internal Revenue Code; or <br /> (iv) Who has a gross family income in excess of the applicable percentage <br /> of applicable median (amily income as proyided in Section 143(� and (1) (2)of lhe Inlemal Revenue <br /> Code; or <br />� �� I <br />
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