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99111246
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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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EXHIBIT E 9 9 1112 4 6 <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 recorded with, the Mortgage. The term"Mongage" <br /> shall be deemed to include"Deed of Trust,"if applicable. <br /> �_FHA, USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br /> THIS TAX-EXEMPT FINANCING RIDER is made this 19 day ofNOVEMBEit19 99 and is <br /> incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security <br /> Deed ("Security Instrument")of the same date given by the undersigned ("Borrower")to secure Borrower's <br /> Note("Note")to <br /> NORWEST MORTGAGE INC. " <br /> ("Lender')of the same date and covering the property described in the Security Instrument and located at: <br /> 1113 N CLARK, GRAND ISLAND NE 68801 <br /> [Prope�ty Address] <br /> In addition to the covenants and agreements made in the Security Instrument, Borrowe�and Lender <br /> further covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entilled"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 instrument assume responsibility <br /> for assuring compliance by the Borrower with the p�ovisions of this Tax-Exempt Financing Rider, may <br /> require immediate payment in full of all sums secured by this Security Instrument if: <br /> (a) All o�part of the Prope�ty is sold or othervvise transferred by Borrower to a <br /> purchaser or other transferee: <br /> (i) Who cannot reasonably be expected to occupy the property as a <br /> principal 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 principal Residence <br /> during any pa�t 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 90 percent of the average <br /> area purchase price(greater than 110 percent for targeted area <br /> Residences), all as provided in Section 143(e)and (I)(2)of the Internal <br /> Revenue Code; or <br /> (iv) Who has a gross family income in excess of the applicable percentage of <br /> applicable median family income as provided in Section 143(�and (I)(2) <br /> of the Internal Revenue Code; or � <br /> � (b) Borrowe�fails to occupy lhe property described in the Security Instrument without <br /> prior written consent oF Lender or its successors or assigns described at the <br /> beginning of this Tax-Exempt Financing Rider;or <br />
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