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FORM E-3 200800270 CONVENTIONAL AND USDA RURAL DEVELOPMENT MORTGAGE ADDENDUM The following addenda to the Mortgage shall be incorporated into. and recorded with, the Mortgage. The term "Mortgage" shall be deemed to include "Deed of Tru.st/> if applicable. THIS TAX-EXEMPT FINANCING RIDER is made the date set forth below end is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed ("Security Instrumentj of the same date giVen by the undersigned ("Borrower") to secure Borrower's Note ("Note") to Wells F:af9o Bank. NA ("L.ender") of the same date and covering the pfoperty described in the Security Instrument and located at the property and address desCl'ibed as follows: Address: 715 S Kimball Street' Grand Island. NE 68801 Legal Description: Lot Six (al, in Block Two (2) in South Grand Island, an Addition to the City of Grand Island, Hall County. Nebraska. In addition to the covenants and agreements made in the Security Instrument. Borrower and Lender further covenant and agree to amend Paragraph 18 of the Uniform Mortgage Form. entitled 'Transfer of the Property as a Beneficial Interest in Borrower," 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) Allor part of the Property is sold or otherwise transferred by Borrower to a purchaser or other transferee: (i) Who cannot feasonably 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 (1)(2) of the Internal R.evenue Code; or (ii) Who has had a present ownership interest in a principal residence dufinQ al'lY part of the three-year period enc;ling on the date of the sale Ol"transfer, all as provided in Section 143(d) and (i)(2) of the Internal Revenue Code (except that H1 00 perGent~ shall be substItuted for "S6 percent or more" where the latter appears in Section 143(d)(1); or (iii) At an acquisition cost which is Qfeater than 90 percent of the average area purchase price (greater than 110 percentfof Residences in targeted areas), all as provided in Section 143(e) and (i)(2) of the Internal Revenue Code; or (iv) Who has gross family income in excess of the applicable percentage of applicable median family income as provided in Section 143(f) and (i)(2) of the Internal Revenue Code; or (b) Borrower fails to occupy the property described in the Security In$trument without prior written consent of Lendef or its successors or assigns described at the beginning of this Tax-Exempt Financing Rider, or (c) Borrower omits or misrepresents a fact t\1at is material with respect to the provisions of Section 14S of the Internal Revenue Code in an application fol' the loan secured by this Security Instrument References are to the Internal R.evenue Code as amended and in effect on the date of issuance of bonds, the proceeds of which will be used to finance the Security Instn,Jment and afe deemed to include the implementing regulations. BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this TaxAExempt Financing W /#"~J-- I ;;1t Borrower EnW'AlUl L ClINNEY JR. Date ' Rider. Borrower Date 16-25 NllfA MRBlForm:&-3 (10/06) 4827.8093.9776.8