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200214048
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Last modified
10/15/2011 12:24:47 PM
Creation date
10/22/2005 11:14:52 PM
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DEEDS
Inst Number
200214048
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2002140481 <br />EXHIBIT E <br />MORTGAGE ADDENDUM <br />The following are addenda to the Mortgage. Please check the applicable <br />addendum. The addendum checked shall be incorporated into, and recorded with, the <br />Mortgage. The term "Mortgage" shall be deemed to include `Deed of Trust," if <br />applicable. <br />x PHA, USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br />THIS TAX - EXEMPT FINANCING RIDER is made this l Ith day of December, <br />2002 and is incorporated into and shall be deemed to amend and supplement the <br />Mortgage, Deed of Trust or Security Deed ( "Security Instrument ") of the same date by <br />the undersigned (`Borrower") to secure Borrower's Note ( "Note ") to <br />HOME FEDERAh SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND <br />( "Lender") of the same date and covering the property described in the Security <br />Instrument and located at: <br />110 EAST 7TH STREET GRAND ISLAND, NE 68801 - <br />In addition to the covenants and agreements made in the Security Instrument, Borrower <br />and Lender further covenant and agree to amend Paragraph 9 of the Model Mortgage <br />Form, entitled "Grounds for Acceleration of Debt" as by adding additional grounds for <br />acceleration as follows: <br />Lender, or such of its successors or assigns as may be separate instrument assume <br />responsibility for assuring compliance by the Borrower with the provisions of this Tax - <br />Exempt Financing Rider, may require immediate payment in full of all sums secured by <br />this Security Instrument if: <br />(a) All or part of the Property is sold or otherwise transferred by Borrower to <br />a purchaser or other transferee: <br />(i) Who cannot reasonably be expected to occupy the property as a <br />principal Residence within a reasonable time after the sale or <br />transfer, <br />all as provided is Section 143(c) and (1)(2) of the Internal Revenue <br />Code; or <br />(it) Who has a present ownership interest in a principal Residence <br />during any part of the three -year period ending on the date of the <br />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 <br />substituted <br />
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