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RE-RECORDED �o�.�.a5gs� FORM E-1 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 Borrowe�s Note (°Note°) to Home Federal Savings & Loan Assn of Grand Isla (°Lender°) of the same date and covering the property described in the Security Instrument and located at the property and address described as follows: Address: 823 N HOWARD AVE GRAND ISLAND, NE 68803-0000 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 Acceleration 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 Bo�rower with the provisions of this Tax-Exempt Financing Rider, may require immediate payment in full of all sums secured by this Security Instrument ifi (a) Ali or part of the Property is sold or othenrvise transferred by Borrower to a purchaser or other transferee: (i) Who cannot reasonably be s�cpected to occupy the property as a principal Residence nvithin a reasonabis time after the sale or transfer, all as provided in Section 143(c) and (i�(2) of the irrtemal �tevenue Code; or (ii) Who has fiad a.present ownership interest in a principal Residence during any part of the three-year period ending on the date of the sale or transfer, all as �rovided in Section 143(d� and (ix2j of the Intemal Reve�ue Cade jexcept that "100 percent° shail be substituted #or "95 percerrt or more° where ft�e tatter appears in Se�tion 143(d)(1)); or (iii) At ar� acquisition cost vvhich is greater than 90 percent of the average area purchase price (gr�eater than 110 percent for Residences in targeted areas), all as provided in Section 143(ej and {ix2) of the lntemal Revenue Code; or (iv) Who t�as gross family income in excess of the applicabie percentage of a�plicable median family income as provided in Section 143(fl and (i) (2) of the 1n#emal Revenue Code; or (b) Borrower #ails to oc�apy the property described in the Security Instrument without prior vrrritten consent of Lender or iis successors or assigns described at the beginning of this Tax-Exempt �'inancing �ider, vr (c) Borro�aer omits or misr�presents a fact that is materia! with respect to the provisions of Section 143 of the intemal Revenue Code in an application for the loan secured by this Security Instrument. References are to the Intemal Revenue Code as amended and in effect on the date of issuance of bonds, ttie 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-E�cempt Financing Rider. � � �� Bonower � Borrower Non-Purchasing Spouse 16-23 \'> � � � ��- Date Date Date NIF'A MRB/FORM E-1 (10/08) 4827-8093-9776.8