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FORM E..1 FHA AND HUD MORTGAGE ADDENDUM 200606040 The following addenda to the Mortgage shall be incorporated into, and recorde :t with, the Mortgage. The term "Mortgage" shall be deemed to include "Deed of Trust,"'f applicable. THIS TAX-EXEMPT FINANCING RIDER is made the date set forth below and is incorporated into and shall be dEtemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (' Security Instrument") of the samEI date given by the undersigned ("Borrower") to secure Borrower's Note ("Note") tll Mome Federal Savinas and Loan Association of Grand Island ("Lender") of the same date and covering the proper Y described In the Security Instrument and located at the property and address described as follows: Address: 3125 CLEBURN ST. .. GRAND ISLAND, NE 68801 Legell Description: A PART OF LOT ONE (i), BLOCK ONE HUNDRED TWENTY t liNE (129). KOENIG AND WIElaE'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY. NEBRAS I<A MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF LO' 1; THENCE. NORTHERLY ON THE LOT LINE 41.65 FEET TO AN IRON STAKE; THENCE WESTERLY. PARJ LLEL TO THE SOUTH LINE OF l.OT 1, 46.9 FEET; THENCE SOUTHERLY 2.0 FEET; THENCE WESTERLY 3.6) FEET; THENCE SOUTHERLY, 2.0 FEET; THENCE WESTERLY, PARALLEL TO SOUTH LINE OF 1,OT 1,5.10 FEET; THENCE SOUTHERLY; PARALLEL TO THE WEST LINE OF LOT 1,6.40 FEET; THENCEV\ ESTERLY TO THE SOUTH L1NI: OF LOT 1, 10.40 FEET; THENCE SOUTHERLY ON THE LOT LINE, 31.25 FE ET TO AN IRON ST AKEi THENCE EASTERLY ON LOT LINE, 66.0 FEET TO THE POINT OF BEGINNING In addition to the covenants and agreements made in the Security Instrument, Borrm rer and Lender further covenant and agree to amend Paragraph 9 of the Model Mortgage Form. entitled "Gr )unds for Acceleration of Debt," by adding additional grounds for acceleration as follows: Lender, or such of its successors or assigns as may by separate instrument issume responsibility for assuring compliance by the Borrower with the provisions of this Tax~Exempt Financh Ig 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 BorrOWllr to a purchaser or other transferee: (I) Who cannot reasonably be expected to occupy the propert) as a principal Residence within a reasonable time after the sale or transfer, all as pro lided in Section 143( c) and (i)(2) of the Internal Revenue Code; or (ii) Who has had a present ownership interest in a principal Re ~idence 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 (i)(2) of the Internal Revenue Code \except that "100 percent" shall be substituted for "95 percent or more- where the latter appeal s in Section 143(d)(1 )); or (i1i) At an acquisition cost which is greater than 90 percent of tt e average area purchase price (greater than 110 percent for Residences in targeted areas ), all as provided in Section 143(e) and (1)(2) of the Internal Revenue Code; or (iv) Who has gross family income in excess of the applicable ~ ercentage of applicable median family income as provided in Section 143(f) and (i) (2) of t~ e Internal Revenue Code; or (b) Borrower fails to occupy the property described in the Security Insl.ument without prior written consent of Lender or its successors or assigns described at the be ~lnning of this Tax-Exempt Financing Rider; or (c) Borrower omits or misrepresents a fact that is material with respec t to the provisions of Section 143 of the Internal Revenue Code in an application for the loan secure j by this Security Instrument. References are to the Internal Revenue Code as amended and in effect 011 the date of issuance of bonds, the proceedS of which will be used to finance the Security Instrument and ue deemed to include the implementing regulations. BY SIGNING BELOW, Borrower accepts and agrees to the terms and pro lisions in this Tax-Exempt Financi~; Ii ~df)l2 ~-5-()0 T NN A itiEB~. Borrower. Dale NIFA MRB/Form E-I (10/05)