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200213481
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Last modified
10/15/2011 11:27:32 AM
Creation date
10/22/2005 11:01:54 PM
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DEEDS
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200213481
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EXHIBIT E <br />MORTGAGE ADDENDUM 200213481 <br />The following are addenda to the Mortgage- Please check the applicable addendum. The addendum checked shall be <br />incorporated into, and recorded with, the Mortgage. The term "Mortgage" shall be deemed to include "Deed of 'trust," if <br />applicable. <br />® FIIALSDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br />THIS TAX - EXEMPT FINANCING RIDER ix made fhis 25th day of November <br />2002 , and is incorporated into and shall he deemed to amend and supplement the Mortgage, Deed of Trust or Security <br />Deed ( "Security Instrument ") of the same date given by the undersigned ( "Borrower ") to secure Borrower's Note ( "Note ") to <br />United Nebraska Bank <br />("Lender ") of the same date and covering the property described in the Security Instrument and located at: 216 W Phoenix <br />Grand Island NE 68801 <br />IH'operty Address) <br />In addition to the covenants and agreements made in the Security Instrument, Burrower and Lender further covenant and agree to <br />amend Paragraph 9 of the Model Mortgage Form, entitled "Grounds for Acceleration of Debt" as by adding additional grounds <br />for acceleration as follows: <br />Lender, or such of its successors or assigns us may by separate instrument assume responsibility for assuring compliance by <br />the Borrower with the provisions of Otis 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 he expected to occupy the property as a principal residence within a reasonable time after <br />the sale or transfer, all as provided in .Section 143 (c) and (1)(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 ending <br />on the date of the sale or transfer, all as provided in Section 143(d) and (1)(2) of the Internal Revenue Code (except that "100 <br />percent" shall he substituted for "9S percent or more" where the latter appears in Section 143(d)(1)) or <br />(iii) At an acquisition cost which is greater than 90 percent of the average area purchase price (greater than 11) <br />percent for targeted area residences), all as provided in Section 143(c) and (i)(2) of the Internal Revenue Code; or <br />(iv) Who has a gross family income in excess of the applicable percentage of applicable median family income as <br />provided in Section 143(t) and (1)(2) of the Internal Revenue Code; or <br />(b) 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 />Reference, are m the Internal Revenue Code as amended and in effect on the date of issuance of bonds, the In occeds of <br />which will be used to finance the Security Instrument and are deemed to include the implementing regulations. <br />BY SIGNING BELOW,, But ower accepts and agree to the forms and provisions in this Tax-Exempt Financing Rider. <br />// /� eo <br />(SEAL) �[z0/l , (SEAL) <br />Montanez o — "" Lnel Montuncz Rueda <br />❑ VA MORTGAGE ADDENDUM <br />If, so long as the Mortgage is outstanding, all or any part of the property is sold or transferred by Borrower without Lender's <br />In rot written consent, other than a transfer by devise, descent or by operation of law, the Lender may, at Lender's option, declare <br />all the sums secured by the Mortgage to be immediately due and payable. <br />ao�ro..r <br />Dore <br />❑ CONVENTIONAL MORTGAGE LOAN ADDENDUM ONLY <br />THIS TAX - EXEMPT FINANCING RIDER is made this day of and is <br />incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust or Security Deed ( "Security <br />Instrument ") of the same date given by the undersigned ( "Borrower ") to secure Borrowers Nom ( "Nom') to <br />( "Lender') of the same date and covering the property described in the Security Instrument and located at: <br />(propeny Addr -3 <br />a V 11208 1 N'rrA 2196 <br />1993 CV (8/01) 1617414 Y.ye o11 <br />niUrO("39e2n) <br />
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