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99110926
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Last modified
3/13/2012 8:03:25 PM
Creation date
10/21/2005 1:23:06 AM
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DEEDS
Inst Number
99110926
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99 �11092� 99 11077 � <br /> EXHIBIT E <br /> MORTGAGE ADDENDUM <br /> The following are addenda to the Mortgage. Please check the applicable addendum. The <br /> addendum checked shall be incorporated into, and�ecorded wilh, the Mo�tgage. The te�m"Mongage" <br /> shall be deemed to include"Deed of Trusl," if applicable. <br /> X FHA, USpA RURAL OEVELOPMENT and HUD ADDENDUM ONLY <br /> THIS TAX-EXEMPT FINANCING RIDER is made this 5th day of �OV• , 1999 and is <br /> i�corporated into and shall be deemed to amend a�d supplement Ihe Mo�tgage, Deed of Trusl or <br /> Security.Deed("Secu�ity Inst�ument")of the same date given by the undersigned("Borrower)to secu�e <br /> 8orrower's Note("Note") to <br /> Mountain West Financial, Inc. <br /> ("Lender')of the same date and covering the p�operty described in ihe Security Instrume�t and localed <br /> at: <br /> 1505 East 7th Street, Grand Island, NE 68801 <br /> (P�operty Address) <br /> (n addition to the covenants and.agreements made in Ihe Security Instrument, Bo�rower and Lender <br /> further covenant and agree to amend Paragraph 9 of the Model Mortgage Form, enlilled"Grounds for <br /> Acceleration of Debt"as by adding additional grounds for accele�ation as follows: <br /> Lender, oc such of its successors or assig�s as may be separate inslrument assume <br /> responsibility for assuring compliance=by•ihe 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 part of the Property is sold.o�.othenivise Iransferred by Bo�rower lo a <br /> purchaser or other t�ansferee: <br /> (I) Who.cannot ceasonably be.expected to_occupy the property.as a <br /> PrinCipal Residence within a�easonable.time afte�the sale or transfer alI 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 /> duri�g any.part of.the.three-year period ending on the date.of the.sale o�transfer, all as provided in <br /> Section 143(d)and (I)(2)of the Internal Revenue Code(except lhat"100 percent'shall be substiluted 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 greater.lhan 90 percent of lhe average <br /> area purchase p�ice(g�eate�than 11p percent fo�targeted a�ea�Resldences), all as p�ovided 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 proyided in Sectio� 143(� and (I) (2)of the Intemal Revenue <br /> Code; o� <br />
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