Laserfiche WebLink
In addition to the covenants and agreerrerts made in the Security lnstrument, Borrower and Lender further covenant and agree to <br />amend Paragraph .17 of the Uniform lA'lortgage Form, entitled "Transfer of the Property or a Beneficial interest in Borrower" as <br />by adding additional 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 <br />the Borrower with the provisions of this Tax- Exempt Financing, Rider, may require immediate payment in full of all sums <br />secured by this Security Instrument if: <br />(a) A'i or part of the Property is sold or otherwise transferred by Borrower to a purchaser cr other transferee: <br />(i) Who cannot reasonably be expected. to occupy the property as n principal residence within a reasonable time <br />after the sale or transfer, all as provided in Section 143(c) and (i)(2) of the internal Revenue Code, or <br />(ii) Who has had a present ownership mtere,.t in a principal residence during any part of the three -year period <br />ending on the date of the .sale or transfer, ati as provided in Section 143(d) and (i)(2) of the Internal Revenue Code <br />(except that "i00 percent" shall be substituted for "95 percent or more" where the latter appears in Section 14 (d)(1)-, or <br />(iii) At an acquisition cost vvhich is greater than the maximum limits established by the Nebraska Investment <br />Finance Au ;hority (the "Authority ") in connection with its Program. pursuant to which Program this Security Instrument <br />is financed; or <br />(iv) W1,11 o has a cross farnily income in excess of the maximum limits established by the Authority in connection <br />with its Pro „train; or <br />(b) Borrow,:r fails to occupy the. property desci-ibed in :lie Security Instrument without prior written consent of Lender <br />or its successors or assigns described at the beginning of this Tax - Exempt Financing Rider, or <br />(c) Borrotiver omits or misrepresents a fact chat is material with respect to the provisions of Section 143 of the Internal <br />Revenue Cede in an application for tie loan secured by this Security Instrument. <br />References are to the Internal Revenue Code as arncnded and in effect on the, date o1' issuance of bonds, the proceeds of <br />which will be used to finance, the Security irtstrumert and are deemed to include the implementing regulations. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax- Exempt Financing Rider. <br />(SEAL) <br />tio�ro%'Cr Sandra IM Gawrych <br />tiO.iow'c'r <br />SPATE OF Nebraska ) <br />COUNTY OF Hall I <br />The foregoing instrument was acknowledged before me this 72801 day of )larch 2002 <br />by Sandra N1 Gaw'rych, an unmarried woman <br />Witness my hand and notarial seal at Grand Island in Said count <br />My commission expires: 09 /28/2003 <br />GENcRAL Nt)iARY -;rate of tier ra'. bile <br />' SHERRI L. O'CALLAGHAtJ <br />._L'” My Ceram. EV. Sept. 28. 20G3 <br />die dat2idd <br />Sherri L. O'Callaghan <br />