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FORM E -, � 0110 4 210 FHA AND HUD 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 Trust,° if applicable. THIS TAX-EXEMPT FINANCING RIDER is made the date set forth below and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed ("Security Instrument") of the same date given by the undersigned ("Borrower") to secure Borrower's Note (°Note°) to Home Federal Savings & Loan Assn of Grand Island ("Lende�') of the same date and covering the property described in the Security Instrument and located at the property and address described as follows: Address: 1509 W CHARLES ST GRAND ISLAND, NE 68801-0000 In addifion 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 Accelerabon of Debt," by adding additional grounds for accelerafion 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) All or part of the PropBrty is sold or othervvise transferred by 8orrower to a purchaser or other transferee: (i) Who cannot reasonably t�e e�cpected 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 (i)(2) of the Intemai Revenue Code; or (ii) Who has had a present ownership interest in a principal Residence during any part of the three-year pe►�od ending on the date of the sale or transfer, all as provided in Section 143(d) and (i}(2) of the Intemal Revenue Code (except that "100 perc�nY' shall be substituted for °95 percent ar more° where the latter appears in Sectiora 9�3(d)(1)); or (iii) At an acquisit+on cost which is greaYer than 90 percent of the average area purchase {�rice (greater than � 10 percent fior Residences in #argeted areas), all as provided in Section 143(e) and (i}{2) of the Intemat Revenue Code; or (iv) 1AIho #�as gross #amily income in excess of the applicable percentage of applicable rraedian family incame as provided in Section 143(fl and (i) (2) of the Intemal Revenue Code; or (b) Bottower fails to occupy the property described in the Security Instrument without prior written arnserrt of Lender or its successors or assigns described at the beginning of this Ta�c-Exempt Financing Rider, ot (c) Borrower �mits or rnisrepresents a fact that is material with respect to the provisions of Se�ion 143 of th� lntemal Revenue Code in an appiication for the loan secured by this Security lnstrumenL References are to th� Intemal Revenue Code as amended and in effect on the date of issuance af 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 Tax-Exempt Financing Rider. �. � j� � �-3 � � I Borrower Da#e Borrower Non-Purchasing Spouse Date Date 16 1�TIFA MRB/FORM E-i (10/08) 4827-8093-9776.8