Laserfiche WebLink
<br />200509556 <br /> <br />(a) All or part of the Property is sold or otherwise transferred by Borrower to a <br />purchaser or other transferee: <br /> <br />(i) Who cannot reasonably be expected to occupy the property as a principal <br />residence within a reasonable time after the sale or transfer, all as <br />provided in Section 143(c) and (1}(2) of the Internal Revenue Code; or <br /> <br />(ii) Who has had a present ownership interest in a principal residence during <br />any part of the three-year period ending on the date of the sale or <br />transfer, all as provided in Section 143(d) and (1}(2) of the Internal <br />Revenue Code (except that" 1 00 percent" shall be substituted for "95 <br />percent or 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 <br />established by the Nebraska Investment Finance Authority (the <br />"Authority") in connection with its Program, pursuant to which Program <br />this Security Instrument is financed; or <br /> <br />(iv) Who has a gross family income in excess of the maximum limits <br />established by the Authority in connection with its Program; or <br /> <br />(b) Borrower fails to occupy the property described in the Security Instrument without <br />prior written consent of Lender or its successors or assigns described at the <br />beginning of this Tax-Exempt Financing Rider, or <br /> <br />(c) Borrower omits or misrepresents a fact that is material with respect to the <br />provisions of Section 143 of the Internal Revenue Code in an application for the <br />loan secured by this Security Instrument. <br /> <br />References are to the Internal Revenue Code as amended and in effect on the date of <br />issuance of bonds, the proceeds of which will be used to finance the Security Instrument <br />an are deemed to include the implementing regulations. <br /> <br /> <br />BELOW, Borrower accepts and agrees to the terms and provisions in this Tax- <br />ider. <br /> <br />BY SIGNI <br />Exempt Financin <br /> <br />Borrower N me Jason L. Goosic <br /> <br />Borrower Name <br /> <br />62 <br />