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20110868� 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 °Dced of Trust," ff 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, Dced of Trust or Security Deed ("Security Instrument") of the same date given by the undersigned ("Borcower") to se.cure Borrower's Note ("Note") to ChaTterWest 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: 4338 Kay Ave Grand Island , NE 68803 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 Borrower with the provisions of this Tax Exempt Financing Rider, may require immediate payment in full of all sums secured by this Security Instrument'rf: (a) All or part of the Property is sold or othernrise transferred by Borrower to a purchaser or other transferee: (i) Who cannot reasonably be e�ected to �cupy the property as a principal Residence within a r�sonable time after the sale or transfer, all as provided in Section 143(c) and (i)(2) of the Intemal Revenue Code; or (iii) (iv) Rider. (b) (c) (ii) Who has had a present ownership interest in a principal Reside.nce during any part of the thre�year period ending on the date of the sale or transfer, all as provided in SecUon 143(d) and (i)(2) of the Intemal Revenue Code (except that "100 percent" shall be substituted for "95 percent or more" where the latter appears in Section 143(d)(1)); or 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 Intemal Revenue Code; or Who has gross family income in exc�s of the applicable percentage of applicable median family income as provided in Section 143(fl and (i) (2) of the Intemal Revenue Code; or Borrower fails to occupy the praperty described fn 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 Intemal Revenue Code as amended and in effect on the date af issuance of bonds, the procceds of which will be used to finance the Security Instrument and are dcemed to include the implementing regulations. BY SIGNING BELOW, Borrower accepts and agrces to the terms and provisions in this Tax Exempt Financing — �� BoR��' Matthew T Beard �: Borrower Non-Purchasing Spouse 1993.CV (8/11) 906228 November 10, 2011 Date November 10, 2011 Date Date NIFA MRB/FORM E-1 (10/08) GOTO(OOla56fe) 1