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200411905
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Last modified
10/17/2011 12:00:29 AM
Creation date
10/21/2005 6:28:43 AM
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DEEDS
Inst Number
200411905
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200411905 <br />REHABILITATION LOAN RIDER <br />FHA Case No. <br />321- 2382089 702 <br />THIS REHABILITATION LOAN RIDER is made this 6TH day of DECEMBER , <br />2004 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, <br />Deed of Trust or Security Deed ( "Security Instrument ") of the same date given by the undersigned <br />( "Borrower ") to secure Borrower's Note ( "Note ") to WELLS FARGO BANK, N.A. <br />( "Lender ") of the same date and covering the Property described in the Security Instrument and located at: <br />403 S VINE STREET, GRAND ISLAND, NE 68801 <br />[Property Address] <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements in the Security <br />Instrument, Borrower and Lender further covenant and agree as follows: <br />A. Loan proceeds are to be advanced for the premises in accordance with the Rehabilitation Loan <br />Agreement dated , between Borrower and Lender. This <br />agreement is incorporated by reference and made a part of this Security Instrument. No advances <br />shall be made unless approved by the Secretary of Housing and Urban Development or a Direct <br />Endorsement Underwriter. <br />B. If the rehabilitation is not properly completed, performed with reasonable diligence, or is <br />discontinued at any time except for strikes or lockouts, the Lender is vested with full authority <br />to take the necessary steps to protect the rehabilitation improvements and property from harm, <br />continue existing contracts or enter into necessary contracts to complete the rehabilitation. All <br />0048595797 <br />FHA Multistate Rehabilitation Loan Rider - 10/95 <br />(M-588U (9705) <br />Page 1 of 2 Initials:. <br />VMP MORTGAGE FORMS - (800)521 -7291 <br />
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