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. ..s <br /> . ,. <br /> ' i. ,���;1� �•.Y'-�.�� i.1,`!t� `yVl , 1 -•• ;�,r'+�` 4.�° t__�Y_1 i 41� '; ��: ,�� <br /> �4� � �Yr � .'� � �'hlES<<�' <br /> s._ �f.y. <br /> .. .,� ' -.�j .. <br /> .h.�.� <br /> . - �u��� . . �. <br /> ' � � �oxra�canDnmvn�� 9�" i��;;'4 <br /> � The folbwlnE araaddenda to tAe Morl�a�e. Pla�se clia;k the aRplicab[�addendum.The addeadum choekai shaq 6e incarywreted tnlo,and <br /> r000rda�i with,ths Motl��e. 7fie term"Monaage"shnll 6e dem�cllo include"De�d of'Cruat,"if applicet6k. <br /> ' .. <br /> �,t„� CIfA a���Ft��HAADDSNDUM <br /> • 'fHIS TAX•BXBMPT FINANCINO RiDER i�made thia 19tri day of �uguat ,19 94,$��� <br /> incorpor�tcd into and ahsll be deanod to amend and euppkment the Morigage,Deed of Trust or Security Decd("Sa�urrity InstrumenC')o[tha <br /> a�nx date given by the underaigned�'Borrowel" to�ccure Bonowe�a Note�ote"f to <br /> coL OS L�EDBRAL 81�YI as �r�xK <br /> ' ("Lende�')of the eamedate andwveringthe property dacribed in iheSaucity Instrument and tocateda� <br /> Z114 W ST�lB STRSST aR1u1D ISLIlIID, IiE 68803 <br /> (Property Address) <br /> in Hddition to the oovenanta and ag�nenls made in thc Sxurity lnstcumenl,Bonower and Ltnder fartherooveaaat and agtte to amend <br /> Paragraph 9 otthe Model Morigage Fom�,entittled"Oroands for Aaoekration af Debt"as by addingaddit�nalgroundaforaooekretion es <br /> follows: <br /> Lender,orsuch ofits suooesson or a�ignsasmay be sepa�ate instcu�nent assume responaibility forassuringwmplianoe bythe Boccower <br /> with the provisioas of tl►is Tax•Exempt Finaaciag Rider,may require immediate paymeat in full of all sums sacurcd by tba Sa�city <br /> lnslrument if <br /> ° �. x � (a)AI!or pari of the Prope�ty is sold or otherwi9e tsansfenod by 8orcower to a purchaser or other transfera: <br /> �k,�,:_� � � <br /> ,��► ,��,� , <br /> ,�, �.� � (i) Who cannot trasonably beexpected to oacupy the propeny as a principai�esidenoewithina reasonabk iime alier ihesaieor <br /> .,,�t ,��:�,���,, transfer�ali as ptovided in SecUon 143(c)and(iK2)of the Intemal Revenue Code;or <br /> . d'\ f?�;,:r�'�.- <br /> ;�-� u Who h�s had a resent ownecshi inter�tin a rinci 1 residencedurin an artof the thrae- ear nodendin on Wedate <br /> � � C.) P P P Pa 8 Y P Y �� 8 <br /> `1 `Y��'�14�=' of the sak or traasPer,all�s rovidaf in Section!43(d)and(iXZ)o�the Jntemal Revenue Cod�eaa t that"IOU cant"ahall be <br /> 1�._;;,.,� p P a <br /> ° `}�`" substituted for"95 perant or more" where the latter appears in Section 143(dKl));or <br /> ��,�. <br /> ` n111�41dkv.. <br /> � � W� (aij At an aoquisition wst which isgnater than 90 percent of the average area pu�hase prioe(greater than 110 perant for ',�� <br /> rr '1���c,�e� <br /> fi t : �.�;N`.� tacBeted ar�a residcaasj,all as pmvidd in 5�xtion!43(e)and{i�2)of!he laterns!P.e1 enue Cods;or t <br /> .:� <br /> � � � -� ��� (iv)1Nho has agcoss family inoome in eacessotlheapplicable peroentageof applicable mcdian[amily inoomeas provided ia �y,. <br /> �' �;, �,� , � Sation 143(Q aad(ix2)of the Intemal Revenue Code;or <br /> -���,�:;:>;_�� <br /> � -,� . •.:;���,- `.�Y <br /> .Y- t.'_.,.��.;r,.;•.•h•,. <br /> (b)Borrowerfails to aocupy Wepropedy d�bed in the Security[nstrument without prior written consentof Lenderor iis :::Y, <br /> Y:�'°=a���-�����~ suoa�.aorsora sdescribedatthe nnin oftheTax•Exem lFinancin Rider,or �=� <br /> ..,;;,,5�.. . � � S P B ;: <br /> ..,�,�_ ,. <br /> �,:• � ..;.,�i ':rr-. <br /> (c)Botroweromits ormisrepnsenis a�act that ismaterial with respect to the provisions of Section 143 o�the Intemal Revenue Code <br /> _ ::��r:�t�: �� inan app{ication for the toan sa:uced by this Sautity Instn�ment. <br /> �,y; <br /> ��s�}��� Referenoes an to the Intemal RevenueCode as amended and in eftect on lhedate of issuanoeof bonds,the proaeeds o[which will be �'- <br /> .,a±`�:°�;°,�„ :��_ : <br /> �� $�x+:•:�f; . -. uscd to finanae theSocurity Inswment and andoemed to include the implementing regulations. <br /> ���f'` . <br /> - �. �'�:•��`�1 BY SIGNIN(3 B6LOW,Borroweraoapta and agrees to the le�ms and provisions in this Tax•Exempt Firtancing Rider. <br /> _� .: „ '".t�``�� �!y�e�eX� /Jw.�" <br /> r.�l.�+ i'_ <br /> :V.�,��;4,'���P;�� �r MICH�I, D SORBNSSN <br /> o ytali{ +-r•' � ,�/ <br /> � ' .' „� �5uaust 19. 1994 �m��• <br /> :;�x�-;A%�a: <br /> � �:,��.. � Date 13onower pol�l�ll X SoREiisE1� <br /> .'_��;;' �` . YA MOR7Y3AGB ADDBNDUM 2114 W STl�T6 S�RSST <br /> - _ (;R!lIiD IBLll�iD, H13 b8803 <br /> '�•` ���.`�''���-�'�� � If,so Iongas the Morlgage is outstanding,all nr any partotthe pro�erty is sold or iransferred by Borrowcrwithoutl.ender's priorvuritten <br /> 4;.;� -;..1�.,. <br /> ;,<<��Y•���--������ Y wneent,other than A transfer bydevise,desoent or by operation of law,the Lender may,at Lender's option,decia�eall thesums sxured by the <br /> ;,�..�.r - <br /> �;�;� _�., �:,'" � Morlgage to be imnxdiately due and payable. <br /> i� <br /> ;,�� , ;• <br /> ':;, • � . <br /> ,i;- BOf[�WCt <br /> . <br /> ,��'t'. �°� }��1tlq41st�19.. tao4 p,, <br /> tn���'��'i Ya� W��i� <br /> w. � i . <br /> � <br />