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�0��0�195 FORM E-1 FHA ANa HUD MORTGAGE ADDENDUM The following addenda tc the Mortg�ge shall be incorporated lnta, and recorded with, the Mortg�ge. The tertn `N[ort��ge' shall be deem� to 9ndude °Deed o# Trust,' [f a�pplicable. TF11S TAX EXEMPT FINANCING RIDER is made the dats set forth befow and is Encorpargted into and �hall be deemed #a amend aru! supplement the Martgage, Deed of Trust or Secudty Deed ("Security I�meni'� of the same date gEven by the tmdersign�ci (°Bomawrs�'} ta s�ure Borrower's Ncrte {'Note'� to {°Lende�y of the same date and c8vering the property desc.ribed in the Securityy Instrumerrt and loc�ted at the propetty and address d�scrlbed a�s '�otlaw�: Add�: 1829 N WHEELER GRAND ISLAN�, fVE $88{}1-Q000 In addition to t�a covenants and agreemeni� made ir� the Secur(tgr lnstrument, Barrower and i.ender further oovenant ancf ragree to amend F'aragraph 9 of the Model Mortgage Fann, entltled °Ghounds for Acceler�on of Debt," by adding additlon�l grounds for �cceler�ion as foll�rnrs: Lertd�r, or such af its su�sars or �ssi�ns a� may by separate instn�ment assume responsib�l�y far asauring compliance by the Barrower wlth the provl�ns of this T�x-Exempt Finandng Rider, rrmy t�+qul�e imrraediate paymant In full of afi sums secured by thlffi Security Inetrumerrt ifi (a) AII or part of the P�perty le sold c�r otherwise transf�arred by Borrawer to a purchas� o� other transf�eree: (� Who cannot reasonably be e�ected ta ocxupy the property as s principal Residerice wlthin a reasonable time after the �le pt trar�fer, all as provided in Sectian 143(c) and (�(2} of the Intema) Revenue Code; or (lij Who has had a present ownership Interest in a prin�apal Residenc:e durin� any part of the three-year period endng on fhe date af the sale or transfer, eA as prnvided in Section 143{d) and (�{2) of the Intem�i Revenue Code (except that `140 per�nY' shall be substr�ukeid fcr "95 perrsnt or more" where the �atter appeara in Sedion 143(d}(1)}; ar {i7 At an acquis�lon ca�t which is greater th�n 90 per�ertt of th� average ar� purrfiasa pr�t� (greater than 11 t1 percent for Residsnoes in targeted areas}, all as prowded in Sectlon 143(e) and (�(2} of the lntemal Revanue Cade; or ('ivy Who f�as �ro�s famity income in exoess of the applicable per�centage af applicabMe median fam�7y inoome as provided Pn Sectlon 143{fj and {) {�) crFthe Intemal Revenue C�e; a� (b� Barrower fa�s ta occupy the property descn'bed im the Security Ir�strumentwifhout priorwritten cor�ent of Lender or ite ��caessor� or assigns des�ribed at the beginning of this Tax Exemp# Financing Rider, or (c) 8orrow�sr vm� vr misrespre�ents a fact th�t is material w(th respeCt to the pnDVisions of Section 143 of the Irttemai R�vanue Code in an appllca�ti�on far the loan secured by this S�ecurity Instrumer�t. References are to tMe Irrtemsl Revenue Code a$ �rri�nnd� end in effed on lhhe dete of issu�ncs of bonds, th� proceeds of which wi� be us�d to firrarnce th� Security Instrumerit �and are deemad to i�clude the implemerrting regulations. . '� SIGNING SELQW, Borrowsr ��pts an8 sgrees #o the terms end pr�sians in ttris Tax Exempt Zl� 1 Date Dete ��' Z6 // Date 4827-809�9778.8 1 C-23 1VIFA MItBIF'UY�,M E-1 (10/88)