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201201358 179003552 circumstanccs. Borrow shall not commit wlste or destroy, damage or substantially change the Property or allow the Property to deYCriorate, reasoi�able wear and tear exccptcd. L�:ndcr may inspect tlie PropeiYy if the Property is vaclut or abaaidoned or tlie loan is in default. Lender may txkc rcasouable action to protect and preserve such vacant or abandoned Property. Borrower shall also bc in dcfault if Borrowet, durit�g the loan application process, gave materially false or inaccurate information or statcments to Lender (or failed to providc Lcnder with any material infonnation) in connection with the loan evidenccd hy thc Note, including, but not limited [o,repmsentations coneerning 13orrower's oceupancy of the Property as a principal resideuce. If[his Sccurity Insirumcnt is on a lcaschold, Borrowec shall comply with all the provisions of thc Icase. If Rorrower acquires fcc titic to the Property, ihe Icaschold and fee title shall not be meroed unlcss Lcndcr agrees to the merger in writing. 6. Condemoatioo. 'Phc procceds oL any award or claim for damages, direct or cm�scyucntial, in connection with any condemnation or other taking of any part of tlie Ptoperty, or for conveyance in place uf cundcmnation, arc hcrcby assigned and shall bc paid to Lender to the exteut of the full amount of thc indcbted�css thxt remxins unpnid under the Note and this Secu�ity Instrwnent. Lender shal] apply such procecds to thc reduction of thc indebtedness under ihe Nole and this Security Instrument, tirst to any delinqucnt amounts applicd in ihe order provided in p�ragr�ph 3, 1nd [hen to prepayment of principal. Any application of the procecds to the principal shall not exiend or postpone the due date of the monchly payments, which a�e referred to in paragraph 2, or chauge the amount of such paymenis. Any exccss proceeds over an amount requireci to pay all outstanding indebtedness under che Note and this Security Instrumcnt shall bc paid to thc cntity Icgally entiticd thcrcto. 7.Charges to Borrower xnd Protection of Lender's Rights in the Property. Borrowcr shall pay all goverumeutx] or mm�icipal charges, fines and impositions that are not included in paragrxph 2. Borrower shall pay these obligations on time directly to the entiry which is owed the payment, If failure to pxy would adversely affect Lende�'s interest in the Property, upon Lender's request Borrower shall promptly furnish ro �� Lender receipts evidencing these payments. ' If Borrowcr fnils to mnkc thcsc paymcnts or thc paymcnts rcquired by paragraph 2, or fails to � perform any othcr covenants and agrecmcnts cuntained in this Security Instrwnent, or tl�eie is a legal procecding that may signi[icantly affect Lendcr's rights in the Property (such as a proceediug in bankruptcy, for condemnation to cnforcc laws ur rcgulations), thcn Lcndcr may do and pay whatever is necessary to protcct thc value of the property and Lenders righ[s in the Pruperty, including payme�t of taxes, l�azard insurancc and ocher items mentioned in parxgraph 2. Any amuunts dis6ursed by Lender undcr this paragraph shall become an additional debt of Borrowcr and bc sccurcd by this Sccurity Instrumcnt. Thcsc amounts shall bcar interest from the datc of disburscment, at [hc Notc ratc, and at thc option of Lcndcr, shall bc immediately due and payable. 8.Fees.Lender may eollect fees and charges autliorized by khe SecreCary. 9.Grounds for Acceleration oT Debt (a) Default.Lender may, except as limited by regulations issued by the Secretary in the case of payment defaults, require immediate payment in full oF all smns secured by this Security Instrument if: (i) Borrower defaults 6y failing to pxy in full any monthly payment required by this Securiry histrament prior W or on the due date of the next monthly payment, or (ii)Borrowcr dcfaidts by failing, for n period of thirty days, to perform any other obligations containcd in this Sccuriry Instrumc»t. (b) Sale W'ithouf Credit Approval. Lender shall, if peirnitted by applicable law (including section 341(d) of tlie Garn-St Germain Depository lnstitations Act of 1982, l2 O.SC. 1701j- 3(d))and with the prior approval of the Secretary, require uumediate payment in f'ull ofall sums secured by this Securiry Instrument if: FHA�ebraska Ueed oT'frust-IIfiA 1 �:t 391.11 Pagc 4 of 8