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200208948
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Last modified
10/15/2011 4:09:21 AM
Creation date
10/22/2005 9:25:17 PM
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DEEDS
Inst Number
200208948
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2 <br />EXHIBIT E 00208948 <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 with, the Mortgage. The tens "Mortgage" shall be deemed to Include "Deed <br />of Trust," B applicable. <br />X FHA, USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br />THIS TAX-EXEMPT FINANCING RIDER is made this 23rd day of August _ 2002 <br />and is inborporated into and shall be deemed to amend and supplement the Mortgage, Dead of Trust or Security Deed <br />( "Security Instrument ") of the same date given by the under5gned ( "Borrower ") to secure Borrowers Note ( "Note ") to <br />CommunitV Mortgage Company _ <br />( "Lender ") of the same dale and covering the property described In the Security Instrument and located at: <br />504 RUBY AVENUE GRAND ISLAND NE 68803 <br />_. Irrcc.ny Ada, ...I <br />In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and <br />agree to amend Paragraph 9 of the Model Mortgage Form, entitled "Grounds for Acceleration of Debt" as by adding additional <br />grounds for acceleration as follows: <br />Lender, or such of its successors or assigns as may by separate instrument assume responsibility for assuring <br />compliance by the Borrower with the provisions of this Tax- Exempt Financing Rider, may require immediate payment in full of <br />all sums secured by this Security Instrument it <br />(a) All or pad of the Property 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 <br />reasonable time after the sale or transfer, all as provided in Saclion 143 (c) and (1)(2) of the Internal <br />Revenue Code: or <br />(ii) Who has had a present ownership interest in a principal Residence during any part of the three -year <br />period ending on the date of the sale or transfer, all as provided in Section 143(d) and (1)(2) of the <br />Internal Revenue Code (except that "100 percent" shall be substituted for "95 percent or more" where <br />the latter appears in Section 143(4)(1)); or <br />(Iii) At an acquisition cost which is greater than g0 percent of the average area purchase price (greater than <br />110 percent for targeted area Residences). all as provided in Section 143(e) and (1)(2) of the Internal <br />Revenue Code; or <br />(N) Who has a gross family income In excess of the applicable percentage of applicable median family <br />income as provided In Section 143(f) and (1)(2) of the Internal Revenue Code; or <br />(b) Borrower fails to occupy the properly described In the Security Instrument without prior written consent of <br />Lender or its successors or assigns described at the beginning of this Tax- Exempt Financing Rider, or <br />(c) Borrower omits or misrepresents a fact that is material with respect to the provisions of Section 143 of the <br />Internal 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 bond., the <br />proceeds of which will be used to finance the Security Instrument and are deemed to include the <br />Implementing regulations. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax - Exempt Financing <br />Rider. <br />T. 2 aCin—o. <br />���--� DRRRD y� <br />/ ` <br />e =<<o-• SE G. OCANA LAU <br />VA MORTGAGE ADDENDUM ONLY <br />504 RUBY AVENUE GRAND ISLAND NE 68803__ <br />11,cp.n1 Aad —.l <br />If, so long as the Mortgage Is outstanding, all or any part of the property is sold or transferted by Borrower <br />without Lender's prior written consent, other than a transfer by devise, descent or by operation of law, the Lender may, at <br />Lender's option, declare all the sums secured by the Mortgage to be immediately due and payable. <br />� jyaL <br />m /lslme.] wFA 7/99 <br />F1815 LMG (l /w) 4 <br />
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