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FORME-1 2010Q FHA AND HUD MORTGAGE ADDENbUM The follawing addenda to the Mortgage shall be incarporated into, and recorded with, the Mortgage. The term "Mortgage" shall be deemed to include "Deed of 7rust," if applicable. 7HIS TAX-EXEMPT FINANCING RIDER is made the date set forth below and is incarparated into and shall be deemed to amend and suppiement the Mortgage, Deed of Trust or Security D�ed ("Security Instrument") of th� same date given by the undersigned ("Borrower") to secure Borrower's Note ("Note") to CharterWest National Bank ("Lender") of the same date and covering the property described in the Security Instrument and located at the praperty and address described as follows: Address: 118 E 14th St Grand Island, NE 68801 In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entitled "Grounds for Acceleratian of Debt," 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 �f this 1'ax-Exempt Financing 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 Borrower to a purchaser or other transferee: (i) Who cannot reasonably be expected to occupy the property as a principal Residence within a reasanable time after the sale ar transfer, all as provided in Section 143(c) and (i)(2) of the Internal Revenue Code; ar (ii) Who has had a present ownership interest in a principal Residence during any part af 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 Cade (except that "10p percent" shall be substituted for "95 percent or more" where the latter appears in Section 143(d)(1)); or (iii) At an acquisition cost which is greater than 90 percEnt of�the average area purchase price (greater than 110 percent for Residences in targeted areas), all as provided in Sectian 143(e) and (i)(2) af the Internal Revenue Code; ar (iv) Who has gross family incame in excess of the applicable percentage of applicable median family income as provided in Section 143(f) and (i) (2) af the Internal Revenue Code; or (b) Borrawer fails to occupy the praperty described in the Security Instrument without priar written consent of Lender or its successors or assigns described at the beginning of this Tax-Exempt Financing Rider; or (c) Borrower omits or misrepresents a fact that is material with respect to the provisions of Sectian 143 of the Internal Revenue Cade in an application for the loan secured by this Security Instrument. References are to the Internal Revenue Code as amended and in effect on the date of issuance of bonds, the proceeds of which will be used to finance the Security Instrument and are deemed to include the implementing regulations. BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this 7ax-Exempt Financing Rider. �� , December 13, 2010 Borrower Eduardn L Nuno Date Borrower . �o na .� No -Purchasing Spouse Madonna M De Luca 1993.CV (11/08) 904947 December 13, 2010 Date December 13, 2010 Date NIFA MRB/FORM E-1 (10/08) coTO�an i a i �ea�