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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
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99111284
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99 111 � 84 <br /> In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further <br /> covenant and agree to amend Paragraph 17 of the Uniform Mortgage Form, entitled°Transfer of the Property <br /> as a Beneficial Interest in Borrower"as by adding additional grounds for acceleration as foilows: <br /> Lender, or such of its successors or assigns as may be separate instrument assume responsibility for <br /> assuring compliance by the Borrower with the provisions of this Tax-Exempt Financing Rider, may require <br /> 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 143(c) and (1)(2) of <br /> the Internal Revenue Code; or <br /> (ii) Who has had a present ownership interest in a principal residence during any <br /> part of the three-year period ending on the date of the sale or transfer, ali as provided in Section 143(d) and <br /> (1)(2) of the Internal Revenue Code (except that"100 percent"shall be substituted for"95 percent or more" <br /> where the latter appears in Section 143(d)(1); or <br /> (iii) At an acquisition cost which is greater than the maximum limits established <br /> by the Nebraska Investment Finance Authority(the'�Authority'� in connection with its Program, pursuant to <br /> which Program this Security Instrument is financed; or <br /> (iv) Who has a gross family income in excess of the maximum limits established <br /> by the Authority in connection with its Program; or <br /> (b) Borrower fails to occupy the properly described in the Security Instrument without <br /> prior written consent of Lender or its successors or assigns described at the beginning of this Tax-Exempt <br /> Financing Rider, or <br /> (c) Borrower omits or misrepresents a fact that is material with respect to the provisions <br /> of Section 143 of the Internal Revenue Code in an application for the loan secured by this Security <br /> 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 and are deemed to <br /> include the implementing regulations. <br /> BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax-Exempt <br /> Financing Rider. <br /> Borro DAVID E RENZ <br /> Borrower <br /> 71 <br />
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