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99112214
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Last modified
3/13/2012 8:34:31 PM
Creation date
10/21/2005 1:53:18 AM
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DEEDS
Inst Number
99112214
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��1 ����� <br /> VA MORTGAGE ADDENDUM ONLY � <br /> 1204 WEST JOHN STREET , GRAND ISLAND , NE 68801 <br /> [Property Address] <br /> If, so long as the Mortgage is outstanding, all or any part of the property is sold or transferred by Borrower <br /> without Lender's prior written consent, other than a transfer by devise, descent or by operation of law, the <br /> Lender may, at Lender's option, declare all the sums secured by the Mortgage to be immediately due and <br /> payable. <br /> Borrower <br /> December 27 , 1999 <br /> Date Barrower <br /> CONVENTIONAL MORTGAGE LOAN ADDENDUM ONLY <br /> THIS TAX-EXEMPT FINANCING RIDER is made this 2 7 t h day of D e c e m b e r <br /> > <br /> 1 9 9 9 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed <br /> of Trust or Security Deed ("Security Instrument") of the same date given by the undersigned ("Borrower") to <br /> secure Borrower's Note ("Note")to <br /> Columbus Federal Savings Bank <br /> ("Lender") of the same date and covering the property described in the Security Instrument and located at: <br /> 1204 WEST JOHN STREET , 6RAND ISLAND , NE 68801 <br /> [Property Address] <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 Farm, entitled "Transfer of the Property <br /> as a Beneficial Interest in Borrower" as by adding additional grounds for acceleration as follows: <br /> Lender, or such of its successors or assigns as may by separate instrument assume responsibility for assuring <br /> compliance by the Borrower with the provisions of this Tax-Exempt Financing Rider, may require immediate <br /> payment in full of all sums secured by this Security Instrument if: <br /> (a) All or part of the Property is sold or otherwise transferred by Borrower to a purchaser or other <br /> transferee: <br /> (i) Who cannot reasonably be expected to occupy the property as a principal residence within a <br /> reasonable time after the sale or transfer, all as provided in Section 143(c) and (I) (2) of the <br /> Internal Revenue Code; or <br /> (ii) Who has had a present ownership interest in a principal residence during any part of the <br /> three-year period ending on the date of the sale or transfer, all as provided in Section 143(d) <br /> and (I) (2) of the Internal Revenue Code (except that "100 percent" shall be substituted for <br /> "95 percent or more"where the latter appears in Section 143(d)(1); or <br /> (iii) At an acquisition cost which is greater than the m�imum limits established by the Nebraska <br /> Investment Finance Autharity (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 m�imum limits established by the Authority <br /> in connection with its Program; or <br /> (b) Borrower fails to occupy the property described in the Security Instrument without prior written <br /> 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 of Section 143 <br /> of the Internal Revenue Code in an application for the loan secured by this Security Instrument. <br /> References are to the Internal Revenue Code as amended and in effect on the date of issuance of bonds, <br /> � the proceeds of which will be used to finance the Security Instrument and are deemed to include the <br /> implementing regulations. <br /> � <br /> I <br /> BY SIGNING BELOW, Borrower ac_cepts and agrees to the terms and nrovisions in this T�-Exempt <br /> Financing Rider. <br /> Borrower <br /> � <br /> I <br />� <br />
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