200510533 - Laserfiche WebLink

Browse

'. 200510533 EXHIBIT E MORTGAGE ADDENDUM The following arc addenda to the Mortgage. Please check the applicable addendum. The addendum checked shall be incorporated into, and recorded with, the Mortgage. The term "Mortgage" shall be deemed to include "Deed of Trust," if applicable. _ x ~FHA, USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY THIS TAX-EXEMPT FINANCING RIDER is made this21st day of October, 2005 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed ("Security Instrument") of the same date by the undersigned ("Borrower") to secure Borrower's Note ("Note") to HOME FEDERAL SAVINGS AND LOAN ASSOCIA nON OF GRAND ISLAND ("Lender") of the same date and covering the property described in the Security Instrument and located at: 1428 N HUSTON AVE GRAND ISLAND, NE 68803 In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entitled "Grounds for Acceleration of Debt" as by adding additional grounds for acceleration as tollows: Lender, or such of its successors or assigns as may be separate instrument assume responsibility for assuring compliance by the Borrower with the provisions of this Tax- Exempt Financing Rider, may require immediate payment in full of all sums secured by this Security Instrument if: (a) All or part of the Property is sold or otherwise transferred by Borrower to a purchaser or other transferee: (i) Who cannot reasonably be expected to occupy the property as a principal Residence within a reasonable time after the sale or transfer, all as provided is Section 143(c) and (1)(2) of the Internal Revenue Code; or (ii) Who has a present ownership interest in a principal Residence during any part of the three~year period ending 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 percent" shall be substituted