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<br /> (�) who has had a present ownership interest in a Principa�Rcsidance
<br /> �.�t.,�. dusing�ny part or rhe�hree�year pe�od endi�ag ou c�e daec of the sale ar t�asfer,
<br /> ''"' � ' ' a11 as provided in Secdon 143(d)and(i)(Z)of the Internal Reveaue Code (except
<br /> �� chat °100 percenc" shall be subsdtuted for"9S percent or more" wtiera tho l�r
<br /> appeass ia Secdon 1�3(d)(1));or
<br /> �� �. (iti) At art acquisidan cost which is �rreatcr tbaa 90 �ex�ent of the _
<br /> . �� aver�e area purchase price (greater tliaa 110 percent for targeted ana =_
<br /> +�. • Resideaces)� all as pmv�dtd in Section 143(e)and(i)(2) of the rntet�aal Revtnue _
<br /> Cade; or -
<br /> ?� � „ (iv) who has a $mss famity income in excess of the applicable
<br /> �'' � . p e r c e n t a g e o f a p p l i c a b l e m e d i a n f a m i l y i n c ome as pmvided iu Secuo�14�(fl and ��
<br /> ;'��'t'�. ,; (i) (2) o�the Iaternal Rev�nue Ca1e;or
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<br />- (b) Borrower fails to occupy the property descrlbed in the Securirq Insuument
<br /> .�'�:��.� without prlor aritun consent of I.ender or its successozs or assigns descsibed at the
<br /> ��:�� beginuins of tbis Tax-Pxempt Pinaacing F�ider, or
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<br /> n_�=;=,�,` (c) Borroaer omits or misrep�sents a fact that is material with re�ct t�the
<br /> --� � provisione of Section 143 of che Internal Revenue Code in au applicadoa for the loaa
<br /> ��'�� 3CCiiiai uj� 'u`u5 $c�."ilIiCj T•�2�w.I�C22L.
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<br /> -�_� gtefercnces are to che Interaal Revenue Code as amended aad in effecs on the cla�e
<br /> - of issuance of bonds, the proceeds of which will be used to fznance the Securiry
<br /> - � Instcument and aze deemed to include the implem�ndng regulatiuns•
<br /> o_,�_ HY 3IGIV�IG HBLOW� Borrower accepts and agrees to the terms and provisivns ia this
<br /> T�x•lExempt �inanciag Rider.
<br /> rrower ARRY D SCHmIDT
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