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2Q1108464 {i) W ho cannot reasonably be expected to occupy the property as a principal Residence within a reasonabie time after the sale or transfer, ali as provided in Section 143(c) and (ix2) of the Intemal Revenue Code; or 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 FfNANCING 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 InstrumenY') of the same date given by the undersigned ("Borrower") to secure Borrower's Note ("Note") to CharterWest National Bank ("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: 923 S Pine St Grand Island, NE 68801 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 Accel�ation 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 Borrower with the provisions of this Tax-Exempt Financing Rider, may require immediate payment in full of all sums secured by this Security Instrument if: (a) All or part of the Property is sold or otherwise transferred by Borrower to a purchaser or other transferee: (ii) Who has had a present ownership interest in a principal Residence during any part of the three-year period ending on the date of the sale or transf�, all as provided in Section 143(d) and (i)(2) of the Internal Revenue Code (except that "100 percenY' shall be substituted for "95 percent or more" where the latter appears in Section 143(d)(1)); or FORM E-1 FHA AND HUD MORTGAGE ADDENDUM (iii) (iv) (b) (c) At an acquisition cost which is greater than 90 percent of the average area purchase price (greater than 110 percent for Residences in targeted areas), ali as provided in Section 143(e) and (i)(2) of the Internal Revenue Code; or W ho has gross family income in excess of the applicable percentage of appiicable median family income as provided in Section 143(f) and (i) (2) of the Internal Revenue Code; or Borrower fails to occupy the property described in the Security Instrument without prior written consent of Lender or its successors or assigns described at the beginning of this Tax-Exempt Financing Rider; or Borrower omits or misrepresents a fact that is material with respect to the provisions of Section 143 of the Internal Revenue Code in an application for the loan secured by this Security Instrument. References are to the Internal Revenue Code as amended and in effect on the date of issuance of bonds, tfie proceeds of which will be used to finance the Security Instrument and are deemed to include the implementing regutations. BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax Exempt Financing Rider. ti ��.�� r Jeffr y L Schmidt Borrower r Non-Purchasing Spouse Karen M Schmidt November 7, 2011 Date Date November 7, 2011 Date 1993.CV (8/II) 906409 NIFA MRB/FORM E-1 (10/OS) GOTO(001 a4A30)