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200210348
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10/15/2011 6:39:30 AM
Creation date
10/22/2005 9:52:09 PM
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200210348
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200240348 <br />In 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 Borrower" as <br />by 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 Financing Rider, may require immediate payment in full of all sums <br />secured by this Security Instrument if: <br />(a) All or part 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 reasonable time <br />after the sale or transfer, all as provided in Section 143(c) and (i)(2) of the Internal Revenue Code; or <br />(it) Who has had a present ownership interest in a principal residence during any part of the three -year period <br />ending on the date of the sale or transfer, all as provided in Section t43(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 143(d)(1); or <br />(iii) At an acquisition 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 Security Instrument <br />is financed; or <br />(iv) Who has a gross family income in excess of the maximum limits established by the Authority in connection <br />with its Program; or <br />do Borrower fails to occupy the property described in the Security Instrument without prior written consent of Lender <br />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 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) <br />NprtnwU <br />Bo—er <br />STATE OF Nebraska ) <br />ss: <br />COUNTY OF Hall <br />The foregoing instrument was acknowledged before me this 14th day of September 2002 <br />by Leanne M Ga1Bon, a single person <br />Witness my hand and notarial seal at Grand Island in said county /thfdate <br />My commission expires: <br />SHERRI L. O'CALLAGH r Sherri L. <br />My Comm. Evy. Sept. 28, 2603 <br />01/1572080 <br />IW33CV(8/0o G11835 N, 242 <br />
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