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201109065
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Last modified
12/5/2011 9:21:57 AM
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12/5/2011 9:21:57 AM
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DEEDS
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201109065
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�� FORM E-1 2 0110 9 0 6 5 <br />FHA AND HUD MORTGAGE ADDENDUM <br />The following addenda to the Mortgage shall be incorporated into, and recorded with, the Mortgage. The <br />term °Mortgage° shall be deemed to include °Deed of Trust,° if applicable. <br />THIS TAX-EXEMPT FINANCING RIDER is made the date set forth below and is incorporated into and shali <br />be deemed to amend and suppiement the Mortgage, Deed of Trust or Security Deed ("Security Instrument") of the <br />same date given by the undersigned (°Borrower°) to secure Borrowe�'s Note (°Note°) to <br />Home Federal Savings and Loan Assn o Grand Island <br />("Lende�') of the same date and covering the properly described in the Security Instrument and located at the <br />property and address described as follows: <br />Address: 1820 PIPER ST GRAND ISLAND, NE 68803-0000 <br />In addition to the covenants and agreements made in the Security Instrument, BoROwer and Lender further <br />covenant and agree to amend Paragraph 9 of the Model Mortgage Form, entitled °Grounds for Ac�leration of <br />Debt,° by adding additional grounds for acceieration as follows: <br />Lend�, or sur,h of its succe�ors or assigns as may by separate instrument assume responsibility for <br />assuring complia�e by the �rov�rer with the provisions of this Tax-Exempt Financing Rider, may require <br />immediate paymerrt in ful! ofi a1! sqams secured by this Security instrument ifi <br />(a) All ar gart of tl�e Prope�ly is sold ar otherm+ise transferred by Borrawer to a purchaser or other <br />trarisf�ree: <br />��� <br />(c) <br />(i) Wt�o c�rmot reasonably be e�ected to occupy the property as a princxpai Resider�ce <br />vvrt�in a re�asonable time after the sale or transfer. aN as provided in Sedion 943(c) and <br />(i�2� af i�e I�temai Rever�ue C�e; or <br />(ii) Who has fiad a p�esent ownership interest in a prinapat Residence du�ing arry part of the <br />three-year neriod ending on the date of the sale or transfer, a8 as provided in Sectifln <br />143(d) and (i�(2) of the Intemai Revenus Code {ex�pt tt�at "9Q0 per�t° shall be <br />substitirted 'for "95 percent or more° where the latter appears in S�tian 143(d�1)); or <br />{i�i) At ar� acqu�ition cost whicfi is greater than 90 percent of the average area purchase price <br />(9reatsr than 910 �erc�nt for Residences in targeted areas), ali as �vided in �tion <br />943(e) �d {i�2) of the Irrtemal Revenue Cade; or ' <br />(iv) Vl/fio fias gross t�aity inc�me in excess of the applicaWe �e ofi ap�iicable median <br />#am�y inccmte as �r�ovlded in Sedion 143(fl and (i) (�) of the lnterr�al Revenue Code; or <br />Botrotiver faiis to �y the property described in the Securily Instrument vv�out �rior written <br />cons�ent ofi' Lender ar its succ�ssors or assigns de.scribed at the beginning of this Tax-Exempt <br />Firrant�ng Ftider; or <br />B�noater amits or misr�esents a fact that is material raith resAect to fhe pro 'v�siions of Section 943 <br />of the irrternal Reven�e Code an an applica�on for the faan secured by tl�is S�curily Mstrument <br />Referenr.es are #o the Intemal i2evenue Code as amended and in effed on the date of issuance of ba�ds, <br />tt�e proceeds of whir.h wiq be used to finance the Security Instrument and are deemed to indude the <br />im{�lementing regulations. <br />BY SIGNING BELOW, �rrower accepts and agrees to the terms and provisions in this Tax-Exempt <br />Financing Rid r. <br />Bonow r <br />Borrower <br />Non-Purchasing Spouse <br />16-23 <br />`�^/��/ <br />Date <br />Date <br />Date <br />1�TIFA MRB/FORM E-1 <br />(10/08) <br />4827-8093-9776.8 <br />
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