Laserfiche WebLink
200203402 <br />III addition to the covenants and agreements made in the Security instrument, Borrower and Lender further covenant and agree to <br />amend Paragraph 17 of the Uniform Mortgage Form, entitled' °Transfer of the Property or a Beneficial Interest in Bonower" as <br />b< 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 Financier„ Rider, may require immediate payment in fill of all sums <br />secured by this Security lnstrrunent if: <br />(a) All or part of the Pt operty 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 reasonable time <br />after the sale of n ansfei, all as provided in Section 1 d3(c) and (i)(2) of the Internal Revenue Code; or <br />(it) Who has had a present ownership interest in a principal residence dump, any part of the [hree -year period <br />ending on the date of the sale or transfer, all as provided in Section 143(d) and (i)(2) of the Internal Revenue Code <br />(except that "100 percent' shall be substituted for "95 percent or more" where the latter appears in Section 14t{d)(1): or <br />(iii) At an .requisition 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 Secmiry Instrument <br />is financed; or <br />(iv) Who has a gross family income in excess of the maximum limits established by the Authority m connection <br />with its Program; or <br />(b) Borrower fails to occupy the property described in the Security hisn-ument without prior written consent of Lender <br />or its successors or assigns described at the beginning of this Tax-Exempt Finmming Rider, of <br />(c) Borrower omits or misrepresents a fact that is material with respect to the provisions of Section 143 of [he Internal <br />Revenue Code in an application for the loan secured by this Security instrument. <br />References are to the Inteuul Revenue Code as amended and m effect on the date of issuance of bonds, the proceeds of <br />which will be used to finance the Security lnsnurnent and are deemed to include the implementing regulations. <br />BY SIC ;N]N(3 BELOW, Borrower accepts and agrees to the terms and provisions in this Tax - Exempt Financing Rider. <br />t 12�F%'6v ,Z SEAL) <br />y,. <br />STATE OF Nebraska <br />ss: <br />COt`N1I of Hall ) <br />The foregoing instrument was acknowledged before me this 261h day of March 2002 <br />by ,7oiump Mulinix and Bethany Bilslend, each a single person <br />Witness my hand and notarial seal ar Grand Island <br />My cormnission expires Oi t28 /1(h Nr pit h9YY +r Y S�sao et iy 5 <br />i SHERRI t_ O CAL t AG ter ( <br />UIi a._.)P,. <br />1901 (% (H'OI ) � 1t 13 <br />ms <br />Page ot'_ <br />(.11Tfrlllt� iTd Sn <br />