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<br /> - „�„ CO�iVENTIONAL�10RTGaGE LOAN �iDD�1DU�j ON�Y �,�,�r�2 �
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<br /> �� THIS Te1X-E�MPT F�iI�NCING RmER is made this 13TH �Y af DECEmBER � 199G
<br /> �. and is incorporazed'vato and shall be de�med to amend and supplem�nt the 1Vlortgane, Y?eod af
<br /> �•. � ' Txust or Security ]3e� ("Securiry Insunment") of the same date given by the uadersigned
<br /> . ("Borrower") ta secure Boaawer's Note ("Note") to
<br /> � '"� HOmE FEOERRL SAUINGS t�ND LOAN ASSOCIATION OF GRAND ISLAND '�
<br /> � . : � (^Lr.�tcies°��ff s,�z sa���e���co� the dascdbed in tBe�Secua Insmament and �
<br /> � P�rtY �
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<br /> 129 CHERQKEE AUENUE, GRAf�O ISLANO, NE 68803 �._
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<br /> ' [�roperty A�d�css] `_
<br /> c.i.
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<br />'�.,.��:�,.,��� . In a,ddition to the cove,nants aad a�neemeat� made in tlie Se,cu�dty Instiumen�, �orrower aad �,
<br />:�'.,;;,""`..,: Y.ender futther covenan2 .aad agrx to amead Fazagraph 1'7 af the Urufornn Mott,�age Form, _
<br />���'��;4� entitled "Tra�sfer of che Propcny a.s a Be.neficial Iatsr�st ir�Borrower" as by adding addidonal `_`
<br /> y f�.
<br /> •���;�z�'� grounds for accelcraaon as follows-
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<br />--==�3�;�:3,:. i pnder. �r such of irs successors or assi�ns as ffiay by sepa=ate insuvment 3ssuffie
<br /> ,__�":''�=� res�ansibili.ry for assuring compliaace by the Borrower wich the provisions of this
<br /> --•��.,_�
<br /> �- �` Ta,�-�xempt Financiag Rides,ma,y�{re immesf�tQ payment in fvll of aIl sums secw�ed
<br /> �'�!�: by this 5xurity Iast=ument if:
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<br />- =�-`�_� (a) .�11 or paat v�che Prag�c'ty is sold oz othexa►ise t�ansfeacd by Boaower
<br /> - ----- to a purchaser or other�^��frs�e:
<br /> —___--— (� Who canuot reasonably be expected to occupY the P�vpertY as a
<br /> _ piincipai nesideace within� a reasonable time atter th� sale or uaasf�r, aIi �s
<br /> pmvided in Secdoa 143(c) aad(�(2) of d�e Iuoe�nal Ra+ieaue Code; or
<br /> — . (n� Who bas had a preseat ownesship intenst ia a pri�ca�pal�sideace
<br /> -= �8�Y P�of the tluee-year pedod eading on th�c date of the sal�or tiaasfar,
<br /> .�`;�`'� e all as pmvided in S�ction 143(d)and(�(2)of th�Intaraal Revesn�e Cade(a�cc�t
<br /> - ---� that"100 percent" sBall be snbstituted for"95 perceat ox moxe" when the latter
<br /> ------- agpears in Section 143(d)(1));or
<br /> ��_.:- (rii) At an acquisition cost which is �eater thaa thc maximnm Iimits
<br /> ,,-_-�,;;;� established by ttu Nebraska Invesameat lFinaace AuthQrity (tha "Authoriry") ia
<br /> -----_= conn�ctioa with its Program,Purs�aant to w4iich Program this 5ec�iritq Iass�ument
<br /> R,;t�� is fnanced; or
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