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200301031 <br />MORTGAGE ADDENDUM <br />The following are addenda to the Mortgage. Please check the applicable addendum. The addendum checked shall be <br />incorporated into, and recorded with, the Mortgage. The teen °Mortgage" shall be deemed to include "Deed of Trust," if <br />applicable, <br />FHA, USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br />THIS TAX - EXEMPT FINANCING RIDER is made this 24th day of January, 2003 <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed <br />(`Security Instrument*') of the same date given by the undersigned ( "Borrower--) to secure Borrower's Note ( "Note) to <br />FIVE POINTS [SANK <br />(`Lender') of the same date and covering the In described in the Security Instrument and located at <br />1909 West State St. Grand Island, NE 68803 <br />In addition to the covenants and agreements made in the Security Instrument, borrower and Lender Porther covenant and agree <br />to amend Paragraph 9 of the Model Mortgage Tom, entitled "Grounds for Acceleration of Debt" as by adding additional <br />grounds for acceleration as follows: <br />Lender, or such of its successors or assigns as may be separate instrument assume responsibility for assuring compliance by the <br />Borower with the provisions of this Tax - Exempt financing Rider, may require immediate payment in full of all sums secured <br />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 <br />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 part of the <br />three-year period ending on the date of the sale or transfer, all as provided in Section <br />143(c) and (1)(2) of the Internal Revenue Code (except that °100 percent' shall be <br />substituted for "95 percent or more" where the latter appears in Section 143(d)(1); or <br />(iii) At an acquisition cost which is greater than 90 percent of the average area purchase price <br />(greater than 110 percent for targeted area Residences), all as provided in Section 143(e) <br />and (1)(2) of the Internal Revenue Code; or <br />(iv) Who has a gross family income in excess of the applicable percentage of applicable family <br />income as provided in Section 143(1) and (1)(2) of the Internal Revenue Code; 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, the <br />proceeds of which will be used to finance the Security Instrument and are deemed to include the <br />implementing regulations. <br />DocusiP1 P., I ,f3 <br />oocusm�.vxx Dena /saoo <br />