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,'. �$- 1�2''j6'y <br /> - (u) Who has had a present ownership interest in a principal Residence <br /> - during any part ot the three-year period ending on the date of the sale or transfer, <br /> all as provided in Sc�rion 143(d) and (i)(2) of the Internal Revenue Code (except <br /> that "100 percent" shall be substituted for "95 percent or more" where the Iatter <br /> appears in Section 143(d)(1)); or <br /> (iu) At an acquisition cost wluch is �reater than 90 percent of the <br /> avera;e area purchase price (Qreater than 110 percent for tar;eted area <br /> Residences), all as provided in Section 143(e) and (i)(2) of the Internal Revenue <br /> Code; or <br /> (iv) Who has a gross family income in excess of the applicable <br /> percentage of applicable media.n family income as pr�vided in Section 143(fl and <br /> (i) (2) of the Internal Rewenue Code; or <br /> (b) Borrawer fails to occupy the property described in the Se�urity Instrument <br /> without prior written consent of Lender or its successors or assi�ns described at the <br /> beginni.ng of this Tax-Exempt Financing Rider, or <br /> (c) Borrower omits or misrepresents a fact that is material with respect to the <br /> provisions of Section 143 of the Internal Revenue Code in an application for the loan <br /> swured by this Security Instrument. <br /> References are to the Internal Revenue Code as amended and in effect on the date <br /> of issuance of bonds, the proceeds of which will be used to finance the Securitv <br /> Instrument and are d�med to include the implementin; regulations. � <br /> BY SIGNING BELOW, Borrower accepts and agrees to the teims and provisions in this <br /> Tax-Exempt Fina.ncin; Rider. <br /> o er J ERY A REED <br /> , <br /> f <br /> Borrower CARI�EN D REED <br /> oiiimos.� E-2 <br />