My WebLink
|
Help
|
About
|
Sign Out
Browse
200510924
LFImages
>
Deeds
>
Deeds By Year
>
2005
>
200510924
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/3/2005 3:24:39 PM
Creation date
11/3/2005 3:24:39 PM
Metadata
Fields
Template:
DEEDS
Inst Number
200510924
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
7
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />CONVENTIONAL MORTGAGE LOAN ADDENDUM ONLY <br /> <br />THIS TAX-EXEMPT FINANCING RIDER is made this day of <br />and is incorporated into and shall be 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 <br />("Note") to <br />("Lender") ofthe same date and covering the property described in the Security Instrument and located at: <br /> <br />200510924 <br /> <br />[Property Address] <br /> <br />In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant <br />and agree to amend Paragraph 17 of the Uniform Mortgage Form, entitled "Transfer of the Property as a Beneficial <br />Interest in Borrower" as by adding additional grounds for acceleration as follows: <br /> <br />Lender, or such of its successors or assigns as may by separate instrument assume responsibility for <br />assuring compliance by the Borrower with the provisions of this Tax-Exempt Financing Rider, may require <br />immediate payment in full of all sums secured by this Security Instrument if: <br /> <br />(a) All or part of the Property is sold or otherwise transferred by Borrower to a purchaser or other <br />transferee: <br /> <br />(i) 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 (1)(2) of the <br />Internal Revenue Code; or <br /> <br />(ii) Who has had a present ownership interest in a principal Residence during any part of the three- <br />year period ending on the date ofthe sale or transfer, all as provided in Section 143(d) and (1)(2) <br />of the Internal Revenue Code (except that "100 percent" shall be substituted for "95 percent or <br />more" where the latter appears in Section 143(d)(1); or <br /> <br />(iii) At an acquisition cost which is greater than the maximum limits established by the Nebraska <br />Investment Finance Authority (the "Authority") in connection with its Program, pursuant to <br />which Program this Security Instrument is financed; or <br /> <br />(iv) Who has a gross family income in excess of the maximum limits established by the Authority in <br />connection with its Program; or <br /> <br />(b) Borrower fails to occupy the property described in the Security Instrument without prior written <br />consent of Lender or its successors or assigns described at the beginning ofthis Tax-Exempt Financing <br />Rider, or <br /> <br />(c) Borrower omits or misrepresents a fact that is material with respect to the provisions of Section 143 of <br />the Internal Revenue Code in an application for the loan secured by this Security Instrument. <br /> <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 /> <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax-Exempt <br />Financing Rider. <br /> <br />Borrower <br /> <br />Borrower <br /> <br />Page 2 of2 <br /> <br />1993,CV (7/05) 900310 <br /> <br />GorO(000Ie5a4) <br />
The URL can be used to link to this page
Your browser does not support the video tag.