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99112296
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Last modified
3/13/2012 8:36:34 PM
Creation date
10/21/2005 1:55:19 AM
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DEEDS
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99112296
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� 99 112 �9 � <br /> EXHIBIT E <br /> MORTGAGE ADDENDUM <br /> The folbwing are addenda to the Mortgage. Please check the applicable addendum. The addendum checked shall be incorporated <br /> into, and recorded with, the Mortgege. The term "Mortgage" shall be deemed to include "Deed of Trust," If applicable. <br /> � FHA, USDA RURAL DEVELOPMENT 8nd HUD ADDENDUM ONLY <br /> THIS TAX-EXEMPT FINANCING RIDER is made this 30th day ot December , 1999 , end is incorporated <br /> into and shall be deemed to amend and supplement the Mortgege, Deed o� Trust or Security Deed ("Security Inshument") of the same date <br /> given by the undersigned (°eorrower�� eo secure eoROwers Note �^Note°� to United Nebraska Bank <br /> (•�ender") of the same date and covering the property described in the Securiry Instn�ment and ioceted at: 1115 S Pine St Grend <br /> Island Nebraska 68801 <br /> (Prop�ny Addn��) <br /> In addkion to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree to amend <br /> Paragraph 9 of the Model Mortgape Form, entitled "Grounds for Acceleratbn of Debt" as by adding additbnal grounds for acceleration as <br /> folbws: <br /> Lender, or such of ks successors or assipns as may by separate instrument assume responsi�iliry for assuriny complience by the <br /> Borrower with the provisions of this Tex-Exempt Financing Rider, may require immediate payment in tull of all sums secured by this <br /> Security Instrument if: <br /> (a) All or part of the Property is sold or otherwise transferred by Borrower to a purchaser or other transferee: <br /> (i) Who cannot reasonaby be expected to xcupy the property as a princlpal residence wkhin a reasonable tirne atter the sale or <br /> transfer, all as provided in Section 143 (c) end (ix2) of the Intemal Revenue Code; or <br /> (ii) Who has had e present ownership interest in a principal residence durhg any part of the three-year perbd endhg on the <br /> date oi the sale or transfer, all as provided 'n Section 143(d) and (i)(2) of the Intemal Revenue Code (�ccept that "100 perc�t" shall be <br /> substituted for "95 percent or more" where the latter appears in Section 143(dxi)) or <br /> (iii) At an acquisitan cost which is greater than 90 percent of the averape area purchase price (greater than 110 perc�t for <br /> targeted area residences), all as provided in Section 143(e) and (ix2) of the Intemal Rev�ue Code; or <br /> (iv) Who has a gross famiy income in excess of the applicable percentage of applicable median famiy income as provided fn <br /> Section 143(� and (ix2) of the Intemal Revenue Code; or <br /> (b) Borrower fails to xcupy the property described 'n the Security Instrument without prior written consent of Lender or its <br /> successors or assipns described at the beginning of this Tax-Exempt Financing Rider, or <br /> (c) Borrower omits or misrepresents a fact that is mat�ial with respect to the provisions of Section 143 of the Intemal Revenue <br /> Code in an application for the ban secured by this Securiry Instrument. <br /> References are to the Intemal Revenue Code as amended and in effect on the date of issuance of bonds, the proceeds of which <br /> will be used to f�ance the Security Instrument and are deemed to include the implementing reguletions. <br /> BY SIGNING BELOW, Borrow�accepts und agrees to the tertns a�d pr isions in this Tax-Exempt Financing Rider. <br /> � (SEAL) <br /> �«�w•� raig D Bykerk <br /> (��) <br /> Borrower <br /> ❑ VA MORTGAGE ADDENDUM <br /> 1115 S Pine St Grand Island Nebraska 68801 <br /> If, so long as the Mortgage is outstanding, all or any part of the property is sold or transferred by Borrower without Lenders prior <br /> written consent, oth� than a transfer by devise, descent or by operation of law, the Lender may, at Lenders option, declere all the sums <br /> secured by the Mortgage to be immediatey due and payable. <br /> (��) <br /> Borrowsr <br /> ���� <br /> Date Borrowsr <br /> ❑ CONVENTIONAL MORTGAGE LOAN ADDENDUM ONLY � <br /> THIS TAX-EXEMPT FINANCING RIDER is mede th� day of , and is incorporated fnto and <br /> shall be deemed to amend and supplement the MoRgage, Deed of Trust or Security Deed ("Security Instrument") of the same date gNen by <br /> the undersigned ("Borrower") to secure Bonowers Note ("Note") to <br /> ("Lender") of the same date and covering the property descr�ed in the Security instrument and bcated at: <br /> �Propsrty Addrsss) <br /> O7/157208.7 NIFA 2/B8 <br /> F1B75.LM0(8/B7) Pap• 1 of 2 <br /> i �s <br />
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