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200203381
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200203381
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Last modified
10/14/2011 7:20:00 PM
Creation date
10/22/2005 5:34:45 PM
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DEEDS
Inst Number
200203381
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MORTGAGE ADDENDUM <br />200203381 <br />The following -ire addenda to the Mortgage. Please cheek the applicable. addendum. The addendum checked shall be <br />incorporated into, and recorded with, the Mortgage. The term "Mortgage" shall be deemed to include "Deed of Trust," if <br />applicable. <br />F HA,USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br />'A HIS 'TAX - EXEMPT FINANCING RIDER is made this day of <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust or Security <br />Deed ("Security Instrument ") of the same date given by the undersigned ( "Borrower ") to secure Borrower's Note ( "Note ") to <br />.( "Lender ") of the same date and covering; the property described in the Security Instrument and located at: <br />j1rcp:my A:lclrrss) <br />In addition to the covenants and a reemer,ts made in the Security Instrument, Borrower and Lender further covenant and agree to <br />L. amend Para "raph 9 of the Model `iortgage. 1`orn,, entitled "Grounds for Acceleration of Debt" as by adding additional grounds <br />for acceleration as fellows: <br />Lender, or sigh of its successors or assi�.,ns as may by separate instrument assume responsibility for assuring compli nce by <br />the Borrower with the provisions of this. Tar - Exempt Financing Rider, may require immediate payment in full of all sums <br />sectured by this Security I,tstrur;teut it: <br />(a) All or, part of the I': aperty is sold or otherwise transferred by Borrower to a purchaser or other transferee: <br />ii) Nho cannot reasonably be expr_cted to occupy the property as a principal residence within .a reasonable time after <br />the sale or transfer, call as provided in Section 14 .11 (c) and (i)(2) of the Internal Revenue Code; or <br />(ii) Who has had a present ownership interest in a principal residence during any mart of the three -year period ending <br />on th;, date of the sale or transfer, all as provided in Sectioal 113(d) and (i)(2) of the internal Revenue Code (except that "100 <br />percent" shall by substituted for "93 percent or more" where the latter appears in Section 143(d)(1)) or <br />(iii) At an acquisit!on cost which is greater than 90 percent of the average area purchase price (greater than 110 <br />Percent for tar gcred area rcsidences), all as provided in Section 143(e) and (i)(2) of the Interna: Revenue Code: or <br />(iy) Who has a gross family income in cxcess of the app!icable percentage of applicable median family income as <br />provided in Section 143(5; and (.; (_) of the Infernal Revenue Code; or <br />(b) Borrower fails to occupy the property described in the Security Instrument without prior written consent of Lender <br />or its successors or assiLms described at the beginning of this Tax- Exempt Financing Rider. or <br />(c) Borrower ornas or misrepresents a fact that is material with respect to the provisions of Section 143 of the Internal <br />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 proceeds of <br />which will be used to finance the Security Instrument 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) (S>AL) <br />Burrowcr Burnm er <br />El VA MORTGAGE ADDENDUM <br />If, so long as rile Mortgage is outstanding, all or any part of the property is sold or transferred by Borrower without Lender's <br />prior written consent, other than a transfer by devisc, descent or by operation of law, the Lender may, at Lender's option, declare <br />all the sums secured by the Mortgage to be immediately due and payable. <br />(SEAL) (SEAL) <br />1?ocowcr aurruwcr <br />Date <br />CONVENTIONAL MORTGAGE LOAN ADDENDUM ONLY <br />THIS TAX,- E\ENIY'I' FINANCING RIDER is made this 28th day of March 2002 and is <br />incorlior,tted into and shall bc: deemed to amend and supplement the Mortgage. Deed of `Trust or Security Deed ("Security <br />Instrulncnt ") of the saint date given by the undersigned ( "Borrower ") to secure Borrower's Note ( "Note ") to <br />( Tendcr ") of the same date and covering; the property described in the Security Instrument and located at: <br />;87 E 20th Grand Island, NI: 68801 <br />(Property Addressl <br />N1t:A 20) <br />
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