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98102886
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98102886
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Last modified
3/12/2012 11:33:33 AM
Creation date
10/19/2005 5:28:11 PM
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DEEDS
Inst Number
98102886
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; EXHIBIT E <br /> MORTGAGE ADDENDUM +' 98..� 1(�2586 <br /> The foilowing are addenda to the Mortgage. Please check the applicable addendum. The <br /> addendum checked shall be incorporated into, and recorded with, the Mortgage. The term"Mortgage" <br /> shall be deemed to include"Deed of Trust," if applicable. <br /> x FHA, USDA RURAL DEVELOPMENT and HUD ADDENDUM ONLY <br /> THIS TAX-EXEMPT FINANCING RIDER is made this 30 day of MARCH , 1998 and is <br /> incorporated into and shall be deemed to amend and suppiement the Mortgage, Deed of Trust or <br /> Security Deed ("Security Instrument")of the same date given by the undersigned ("Borrowe�')to secure <br /> Borrower's Note("Note")to NORWEST MORTGAGE, INC <br /> ("Lende�') of the same date and covering the property described in the Security Instrument and located <br /> at: <br /> 1212 WARREN LANE - GRAND ISLAND, NE 68801 <br /> [Property Address] <br /> In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender <br /> further covenant and agree to amend Pa�agraph 9 of the Model Mortgage Form, entitled"Grounds for <br /> � Acceleration of Debt"as by adding additional grounds for acceleration as follows: <br /> Lender, or such of its successors or assigns as may be separate instrument assume <br /> responsibility for assuring compliance by the Borrower with the provisions of this Tax-Exempt Financing <br /> Rider, may require immediate payment in full of all sums secured by this Security Instrument if: <br /> (a) All or part of the Property is sold or otherwise transferred by Borrower to a <br /> purchaser or other transferee: <br /> (I) Who cannot reasonably be expected to occupy the property as a <br /> principal Residence within a reasonable time after the sale or transfer, all as provided in Section 143(c) <br /> and (I)(2) of the Intemal Revenue Code; or <br /> (ii) Who has had a present owne�ship interest in a principal Residence <br /> during any part of the three-year pe�iod ending on the date of the sale or transfer, all as provided in <br /> Section 143(d)and (I)(2)of the Intemal Revenue Code (except that"100 percent"shall be substituted for <br /> "95 percent o�more"where the latter appears in Section 143(d)(1)); or <br /> (iii) At an acquisition cost which is greater than 90 percent of the average <br /> area purchase price (greater than 110 percent for targeted area Residences), all as provided in Section <br /> 143(e) and (I)(2)of the Internal Revenue Code; or <br /> (iv) Who has a gross family income in excess of the applicable percentage <br /> of applicable median family income as provided in Section 143(�and (I) (2)of the Internal Revenue <br /> Code; or <br /> 69 <br />
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