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20�104�83 <br />FORM E-3 <br />CO(dVENTIONAL AND USDA RURAL DEVELOPMENT <br />ANORTGAGE ADDENDUM <br />The foltowing addenda to the Mortgage shatl b� incarporated into, and recarded with, the Mortgage. The term <br />"Martgagea shal{ be deemed to include °Deed of Trust,° if applicable. <br />THIS TAX-F�CEMPT FINANCING RIDER is made the date set forth below and is incorporated into and shaii 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 undersigned (°Borrawer") to secure Borrower's Note (°Note°) to <br />H ome Federal S 8� Loan Assn ofi Gr and Isiand <br />{"Lender"} of the same date and covaring the property described in the Security Instrument and located at the property <br />and address dasa�ibed as foliows: <br />Address: 2515 VU CHARLES ST GRAND ISLAND, NE 688U3-0000 <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 llniform Mortgage Farm, entitled "Transfer of the Praperty as a <br />Benefiaal interest in Borrower,° by addirtg additionai grounds for acceteration as follows: <br />Lender, or such of its successcus or assigns as may by separate instrument assume responsibility for assuring <br />compliance by the Borrrnnrer with the provisions of this Tax-Exempt Financing Rider, may require immediate paymeM in <br />full of ali sums secured by this Security Instrument if: <br />(a) All or part of the Property is sold or othermrise transferred by Borroarer to a purc�aser ar other transferee: <br />{i} Who cannot reasonably be expected to occupy the property as a prinapai residenca wifhin a <br />reaso�able time after the sale or transfer, ali as provided in Sedion 143(c) and (i)(2) of the <br />Irrtemal Revenue Code; or <br />(ii) Vdho has had a present awnership interest in � principai residence during any part of the <br />three year periad ending on the date af the safe or transfer, all as provideci in Se�tion 143(d) and <br />(i)(2) ofi the Intemat Revenue Code (except that °100 percenY' shall be substituted for "95 percent <br />or more" where the latter appears in Section 143(d)(1); or <br />(iii) <br />(iv) <br />At an acquisition cost which is greater than 90 percx�nt of the average area purchase price <br />(greater than 110 percent for Residenc�s in targeted areas), ali as pravided in Section 143(e) and <br />(i)(2) of the Irrtemal Revenue Code; or <br />Who has gross family income in exc:ess of the applicable percentage of applicable median family <br />incom� as provided in Section 1�43(f} and (i)�2) of the Intemal Revenue Gode; ar <br />(b) Borrower faiis to occupy the prop�rty desc�ibed in the Security insUUment without prior w�itten cxmsent of <br />Lender or its succ$ssors or assigns described at the beginning of this Ta�c-Exempt Financing Rider, or <br />(c) Borrower omits or misfepresents a fact that is materiaf with resped ta the provisions of Section 143 of the <br />Intemal Revenue Cade in a� application far the loan secUred by this Secu�ity Instrument. <br />References are to the intemal Revenue Code as amended and in efFed an the date of issuancs of bonds, the <br />proceeds of which will be used to finance the Security Instrum�nt and are deemed to include the imptemer�ng <br />regulations. <br />BY SIGNtNG BELOW, Borro�wer ac�epts and agrees to the terms and provisions in this Tax-E�cempt Finanang <br />Rider. <br />�o' ��—�� <br />Barrower Date <br />Borrower <br />Non Spouse <br />1 b-25 <br />Date <br />Date <br />N7FA MRB/Form E-3 <br />��oros� <br />4827-�93-9776.8 <br />