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200206366
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200206366
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Last modified
10/15/2011 12:10:34 AM
Creation date
10/22/2005 8:50:53 PM
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DEEDS
Inst Number
200206366
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200206366 <br />EXHIBIT E <br />MORTGAGE ADDENDUM <br />The following are addenda to the Mortgage. Please check the applicable addendum. The addendum <br />checked shall be incorporated into, and recorded wide the Mortgage The lean "Mortgage"' shall be deemed to <br />include "Deed of Tmsl, if applicable. <br />NFHA, USDA RURAL DEVELOPMENT anti HUD ADDENDUM ONLY <br />THIS TAR- EXEMFI' FINANCING RIDER is made this 13 day of JUNE. 2002 and is incorporated into <br />and shall be deemed to .upend and supplement the Mortgage, Decd of Trust or Security Deed (`Security <br />Instrument ") of the same date given by the undersigned ('Borrower') to secure Borrower's Note (`Note') to <br />WELLS FARGO HOME MOR "I'GALL INC <br />("Lender ") of the same date and covering the property described to the Security Inswment and located at <br />816 WEST 17TH ST GRAND ISLAND NF. <br />In addition to the covenants and agreements made in the Security Instrument, Borrower mid Lender tunher covenant <br />and agree to amend Paragraph 9 of the Model Morlgagc Final, entitled "Grounds for Acceleration of Debt_ as by <br />adding additional grounds for acceleration as follows_ <br />Lender, or such of its Successors or assigns as may be separate instrument assume responsibility` for <br />assuring compliance by the Borrower with the provisions of this Tax - Exempt Financing Rider, niay require <br />immediate payment in full of all sums secured by this Security Instrument if. <br />(a) All or part of the Pmpertv is sold or otherwise transferred by Borrower to a <br />purchaser or other lrmisferee: <br />(i) Who cannot reasonably be expected to occupy the property as a princip:d <br />Residence robot a reasonable dine after the sale or transfer_ all as provided in <br />Section 143(c) and (1)(2) of the Internal Revenue Code, or <br />(ii) Who has had a present ownerstnp interest in a principal Residence during miv <br />part of the throe -year period ending on the dale of the sale or transfer, all as <br />provided in Section (143(d) and (1)(2) of tire hdcnral Revenue Code (except that <br />100 percent" shall be substituted for "95 percent or more" where the latter <br />appears in Section 143(d)(1)); or <br />(iii) At an acquisition coal which is greater than 90 percent of the average area <br />purchase price (greater than 110 percent for targeted area Residences), all as <br />provided in Section 143(c) :red (1)(2) OF THE Internal Rev came Code: or <br />(n') Who has a gross family income to excess of life applicable percentage of <br />applicable median family income as pros ided in Section 143(f) and (1)(2) of the <br />Internal Reycnuc Code; or <br />(b) Borrower fails to occupy the properly described in the Security Inslniment without prior <br />written consent of Lender or its successors or assigns" described al the beginning of this <br />Tax - Exempt Financing Rtdcr; or <br />(c) Borowcr omits or misrepresents a fact that is material with respect to the provisions of <br />Section 143 of the Internal Revenue Code in an application for the loan secured by this <br />Security Instrument. <br />
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