200316224 - Laserfiche WebLink

Browse

HANN0N, CA GI 1595435 EXHIBIT E MORTGAGE ADDENDUM 200316224 The following are 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 this 19 t h day Of December , 20 0 3 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 given by the undersigned ( "Borrower ") to secure Borrower's Note ( "Note ") to Major Mortgage ( "Lender ") of the same date and covering the property described in the Security Instrument and located at: 704 West 9th Street,Grand Island, NE 68801 [Property Address] 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 follows: Lender, or such of its successors or assigns as may by 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 of 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 in Section 143(c) and (i)(2) of the Internal Revenue Code; or (ii) Who has had 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, NIFA 2/96