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200303092
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200303092
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Last modified
10/15/2011 6:19:39 PM
Creation date
10/21/2005 4:27:32 PM
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DEEDS
Inst Number
200303092
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RE- RECORDED I <br />200303092 <br />CONVENTIONAL MORTGAGE LOAN ADDENDUM ONLY 200302390 <br />THIS TAX - EXEMPT FINANCING RIDER is made this day of <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Dead of Trust or Security Deed <br />( "Security Instrument") of the same date given by the undersigned ( "Borrower ") to secure Borrower's Note ( "Nate') to <br />( "Lender") of the same date and covering the property described in the Security Instrument and located at <br />In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and <br />agree to amend Paragraph 17 of the Uniform Mortgage Form, settled "Transfer of the Property as a Beneficial Interest in <br />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 payment in full of <br />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 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 (1)(2) of the Internal <br />Revenue Code; or <br />(ii) Who has had a present ownership interest in a principal Residence during any part of the three -year <br />period ending on the date of the sale or transfer, all as provided in Section 143(4) and (1)(2) of the <br />Internal Revenue Code (except that "100 percent" shall be substituted for "95 percent or more" where <br />the latter appears in Section 1431 or <br />(iii) At an acquisition cost which is greater than the maximum limits established by the Nebraska Investment <br />Finance Authority (the "Authority") in connection with its Program, pursuant to which Program this <br />Security Instrument is financed; or <br />(iv) Who has a gross family income in excess of the maximum limits established by the Authority in <br />connection with its Program; or <br />(b) Borrower fails to occupy the property described in the Security Instrument without prior written consent of <br />Lender or its successors or assigns described at the beginning of this Tax- Exempt Financing Rider, or <br />(c) Borrower omits or misrepresents a fact that is material with respect to the provisions of Section 143 of the <br />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 implementing <br />regulations. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax- Exempt Financing <br />Rider. <br />eo „o.e, <br />eor�ow.� <br />STATE OF NEBRASKA <br />ss. <br />COUNTY OF LANCASTER ))) <br />The foregoing instrument was acknowledged before me this 27St day of February , 2003 <br />by PEDRO RAFAEL LOARCA AND JUANA VELASQUEZ DE RAFAEL . AS HUSBAND AND WIFE <br />AND CANDELARIA VELASQUEZ, AS A SINGLE PERSON <br />Witness my hand and notarial seal at 61NeOM in said county, the date aforesaid. <br />My commission expires: <br />6ENFNAL fN1TARY• Stag HLEW M1 <br />TERESAulog.R R Nm ry voeg� <br />Ay Cantu. Btu. Aup.30. 200A <br />Pk� J UR L V <br />Ot/ t 5]208.] NIFA 7r99 <br />R B]5 1M0 (11r00) page 2 0l 2 <br />
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