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99111284
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99111284
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Last modified
3/13/2012 8:11:56 PM
Creation date
10/21/2005 1:31:18 AM
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DEEDS
Inst Number
99111284
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99 111284 <br /> EXHIBIT E <br /> MORTGAGE ADDENDUM <br /> The following are addenda to the Mortgage. Please check the applicable addendum. <br /> The addendum checked shall be incorporated into, and recorded with, the Mortgage. The term"Mortgage" <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 24TH day of NOVEMBER, 1999, <br /> and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or <br /> Security Deed ("Security Instrument'� of the same date given by the undersigned ("Borrower'� to secure <br /> Borrower's Note ('�Note'� to The Equitable Building and Loan Association of Grand Island, 113-115 N. Locust, <br /> Grand Island, NE ("Lender'� of the same date and covering the property described in the Security Instrument <br /> and located at: <br /> 1832 W 10TH ST <br /> GRAND ISLAND, NE 68803-3701 <br /> In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further <br /> covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entitled"Grounds for Acceleration of <br /> 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 <br /> responsibiliry for assuring compliance by the Borrower with the provisions of this Tax-Exempt Financing Rider, <br /> may require immediate payment in full of all sums secured by this Security Instrument if: <br /> (a) All or part of the Properly is sold or otherwise transferred by Borrower to a purchaser <br /> or other transferee: <br /> (i) Who cannot reasonably be expected to occupy the property as a principal <br /> Residence within a reasonable time after the sale or transfer, all as provided in Section 1430 and (1)(2) of <br /> the Internal Revenue Code; or <br /> (ii) Who has had a present ownership interest in a principal Residence during <br /> any part of the three-year period ending on the date of the sale or transfer, all as provided in Section 143(d) <br /> and (1)(2) of the Internal Revenue Code (except that'�100 percent"shall be substituted for"95 percent or <br /> 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 area <br /> purchase price (greater than 110 percent for targeted area Residences), all as provided in Section 143(e) and <br /> (1)(2) of the Internal Revenue Code; or <br /> 69 <br />
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