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99111246
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Last modified
3/13/2012 8:10:41 PM
Creation date
10/21/2005 1:30:16 AM
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DEEDS
Inst Number
99111246
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99 111246 <br /> the Property as a Beneficial Interest in Borrower'as by adding additional grounds for acceleration as <br /> follows: - <br /> Lender, or such of ils successors or assigns as may by separate instrument assume responsibility <br /> for assuring compliance by the Bo�rower with the provisions of this Tax-Exempt Financing Rider, may <br /> require imrriediate payment in full of ali sums secured by this Security Instrument if: <br /> (a) All or pari of the Property is sold or otherwise transferred by Borrower to a <br /> purchaser or other transferee: <br /> (i) Who cannot reasonably be expected to occupy the prope�ty as a <br /> principai residence within a reasonable time after the sale or transfer, all <br /> as provided in Section 143(c)and (I)(2)of the Internal Revenue Code; or <br /> (ii) Who has had a present ownership interest in a principai residence during <br /> any part of the three-year period ending on the date of the sale or <br /> transfer, all as provided in Section 143(d)and (I)(2)of the Internal <br /> Revenue Code(except that°100 percent".shall be substituted for"95 <br /> percent or more"where the latter appears in Section 143(d)(1); or <br /> (iii) At an acquisition cost which is greater than the maximum limits <br /> established by the Nebraska Investment Finance Authority(the <br /> "Authority")in connection with its Program, pursuant to which Program <br /> this Security instrument is financed;or <br /> . (iv) Who has a gross family income in excess of the maximum limits <br /> estabiished by the Authority fn connection with its Program; or <br /> (b) Borrower fails to occupy the property described in the Security Instrument without <br /> prior written consent of Lender or its successors or assigns described at lhe <br /> beginning of this Tax-Exempt Financing Rider, or <br /> (c) Borrower omits or misrepresents a fact that is material with respect to the <br /> provisions of Section 143 of the Internal Revenue Code in an application for the <br /> loan secured by this Security Instrument. <br /> References are to the Internal Revenue Code as amended and in effect on the date of <br /> issuance of bonds,the proceeds of which will be used to finance the Security Instrument <br /> and are deemed to include the implementing regulations. . . <br /> BY SIGNING BELOW, Bonower acceptsand agrees to the terms and provisions in this Tax- <br /> Exempt Fina�cing Rider. <br /> Borrower <br /> Borrower <br />
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