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200214052
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Last modified
10/15/2011 12:25:10 PM
Creation date
10/22/2005 11:14:59 PM
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DEEDS
Inst Number
200214052
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EXHIBIT E <br />MORTGAGE ADDENDUM 200214052 <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 term "Mortgage" shall be deemed to include "Dead <br />of Trust," M applicable. <br />X FHA, USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br />THIS TAX- EXEMPT FINANCING RIDER is made this 13th day of December 1 2002 <br />and is incorporated 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 undersigned ( "Borrower ") to secure Borrower's Note ( "Note") to <br />Community Mortaaae Company <br />("Lender") of the same date and covering the property described in the Security Instrument and located at: <br />1203 WEST JOHN STREET GRAND ISLAND NE 68801 <br />r•,ov.nr Add, ... 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 is 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 if: <br />(a) All or part of the Property is sold or otherwise transferred by Borrower to a purchaser or other transferee: <br />Rider. <br />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 Section 143 (c) and (I)(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 "ding 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(d)(1)); or <br />(iii) At an acquisition cost which is greater than W 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 Cotle; or <br />(iv) 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 property 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 bonds, 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 />i <br />VA MORTGAGE ADDENDUM ONLY <br />1203 WEST JOHN STREET GRAND ISLAND NE 68801 <br />e,.v.nr Add .... I <br />If, so long as the Mortgage is outstanding, all or any part of the property is sold or transferred 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 />n,) zoe.r <br />wFA � /ea <br />F, B]iLMa (1mf /o0) Pape 1 of 2 <br />
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