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20020MU MORTGAGE ADDENDUM The following are addenda to the Mortgage. Please check the applicable addendum. The addendum checked shall be incorporated into, and recorded with, the Mortgage- The term "Mortgage" shall be deemed to include "Deed of Trust," if applicable. ❑ FHA, USDA RURAL DEVELOPMENT and BUD ADDENDUM ONLY THIS TAX - EXEMPT FINANCING RIDER is made this 19th day of July, 2002 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (`Security Instrument') of the same date given by the undersigned (` Borrowef') to secure Borrower's Note ( "Note) to FIVE POINTS RANK ("Lender') of the same date and covering the property described in the Security Instrument and located at: 103 E. 12th St. Grand Island, NE 68801 In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entitled "Grounds for Acceleration of Debt" as by adding additional grounds for acceleration as follows: Lender. or such of its succes's'ors or assigns as may be separate instrument assume responsibility for assuring compliance by the Borrower with the provisions of this Tax - Exempt Financing Rider, may require immediate payment in full of all sums secured by this Security Instrument if. (a) All m part of the Property is sold or otherwise transferred by Borrower to a purchaser or other transferee: (1) Who cannot reasonably he expected to occupy the property as a principal Residence within a reasonable time after the sale or transfer. all as provided in Section 143(c) and (1 )(2) of the Internal Revenue Cudc; or (ii) Who has had a present ownership interest in a principal Residence during any part of the three-year period ending on the date of the sale or transfer, all as provided in Section 143(c) and (1)(2) of the Internal Revenue Code (except that "100 percent' shall be suhstimted for "95 percent or more" where the latter appears in Section 143(d(q; or (iii) At an acquisition cost whch is greater than 90 percent of the average area purchase price (greater than I10 percent for targeted area Residences), all as provided in Section 143(e) and (1)(2) of the Internal Revenue Code; or (iv) Who has a gross family income in excess of the applicable percentage of applicable family income as provided in Section 143(f) and (1)(2) ofthe Internal Revenue Cudc, or (h) Borrower fails to occupy the property described in the Security Instmment without prior written consent of Lender or its successors or assigns described at the heginning of this Tax- Excmpt Financing Rider, or (c) Rormwer omits or misrepresents a fact that is material with respect to the provisions of Section 149 of the Internal Revenue Code in an application for the loan secured by this Security Instrument Referral., are to the Internal Revenue Code as amended and in effect on the date of issuance of bonds, the proceeds of which will be used to finance the Security Instrument and are deemed to include the impinncnting regulations. 11's, 1 W 3 oocu�,m vrx cs /rz /zoao