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<br />FORM E-3 <br />CONVENTIONAL AND USDA RURAL DEVELOPMENT <br />MORTGAGE ADDENDUM <br /> <br />200709477 <br /> <br />The following addenda to the Mortgage shall be inoorporated Into, and recorded with, the Mortgage. The term <br />"Mortgage" shall be deemed to include "Deed of Trust," if applicable. <br /> <br />THIS TAX-EXEMPT FINANCING RIDER Is made the date set forth below and is; incorporated into and shall be <br />deemed to amend and supplement the) Mortgage, Deed of Trust or Security Deed ("Security Instrument") of the same date <br />given by the undefsigned ("Borrower") to secure l3ofrower's Note ("Note") to <br />Wells Farao Bank. NA <br />("Lender") of the same date and covering the property described in the Security Instrument and located at the property <br />and address described as follows: <br /> <br />Address: 105 W 131" St. Woqg River. NE 88883 <br /> <br />Legal Description: LOT FOUR (4) IN BLOCK FIVE (5), FIRST AOOITION TO THE VILLAGE OF WOOD RIVSR. HALL <br />COUNTY. NE~RASKA <br /> <br />In addition to the covenants and agreements made In the Security Instrument, Borrower and Lender further <br />covenant and agree to amend paragraph 18 of the Uniform Mortgage Form, ontitled "Transfer of the Property as a <br />BeneficIal Interest in Borrower," by adding additional grounds 10r acceleration 8S follows: <br /> <br />Le:1der, or such of its 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 <br />full of all sums secured by this Security Instrument If: <br /> <br />(a) All or part of the Pfoperty is sold or otherwise transferred by Borrower to a purchaser or other transferee: <br /> <br />(i) Who cannot reasonably be expected to occupy the property as a principal residence within a <br />feasonable time after the sale or transfer, all as provIded in Section 143(0) and (i)(2) of the <br />Internal Revenue Code; or <br /> <br />Who has had a present ownership Interest In a principal residence during any part of the <br />three-year period ending on the date of the sale or transfer. all as prOVided in Section 143(d) and <br />(i)(2) of the Internal Revenue Code (except that "100 percenf' shall be substituted for "95 percent <br />or more" where the latter eppeara in Section 143(d)(1); or <br /> <br />At an acquisition cost which is graater than gO percent of the average area purchase price <br />(greater than 110 percent for Residences In targeted areas), alias provided in Section 143(e) and <br />(1)(2) of the Internal Revenue Code; or <br /> <br />Who has grO$$ femily income In excess of the applicable percentage of applicable median family <br />income as provided. in section 143(f) and (1)(2) of the Intemal Revenue Codej Or <br /> <br />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 /> <br />Borrower omits or misrepresents a fact that is material with respect to the provisions of Sect/on 143 of the <br />Internal Revenue Code in an application for the loan $ecured 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 />pr'oceeds of which will be used to finance the Security Instrument and are deemed to include the implementing <br />regulations. <br /> <br />BY SIGNING BELOW, Borrower accepts an <br /> <br />(ii) <br /> <br />(iii) <br /> <br />(iv) <br /> <br />(b) <br /> <br />(c) <br /> <br />Rider. <br /> <br /> <br />.prees to the term. and p~olon. , thl. Tax-Exempt Financing <br /> <br />. Z II J I () 1 <br />Date <br /> <br />Borrower Oate <br /> <br />16-25 NIFAMRBIFormE-3 <br />(10106) <br /> <br />4827.8093-9'176.8 <br />