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20�20186�
<br />hardship for Banrower, or unless extenuating circumstances eYist which are beyond Barrower's control.
<br />Borrower shall notify Lender of a�ly e�ctanuaring circumstances. Borrower shall not commit waste or destxoy,
<br />damage or substantially change the Properry or allow the Property to deteriorate, reasonable wear and tear
<br />excepted. Lender may inspect the Property if the Property is vacant or abandoned or the loau is in default.
<br />Lender may take reasonabla action to protect a.nd preserve sueh vacant or abandoned Properiy. Bozrower
<br />shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate
<br />information or statements to Lender (or failed to provide Lender with any material information) in connection
<br />with the loan evidenced by the Note, including, but not limited to, representations concerning Borrawer's
<br />occupancy of the Property as a principal residence. If tl�is Security Instrunnent is on a Ieasehoi.d, Borrower
<br />shall comply with the provisions of the lease. If Barrower acquires fee title to the Property, tlae leasehold and
<br />fee title shall nat be merged unless Lender agrees to the merger in writing.
<br />b. Condemnation. 'I`he proceeds of any award ar claun for damages, diurect ar consequential, iu
<br />connecfion with any condemnation or other takiug of any part of the Praperty, or for conveyance un plaee of
<br />condemnation, are hereby assigned and shall be paid to Lender to the extent of the full amownt of the indebtedness
<br />that remains unpaid under the Nate and this Security Tnsinunent. Lender shall apply such proceeds to the reduction
<br />of the indebtedness under the Note and this Secarity Insirument, first to any delinquent a�i�ounts applied in the
<br />order provided ia paragraph 3, and then to prepayment of principal. Any application of tlie proceeds to the
<br />principal shall not extend or postpone the ciue date of the monthly payments, which are referred to in paragraph
<br />2, or change the amount of such payments. Any excess praceeds over an amount required to pay all outstanding
<br />indebtedness under the Note and this Security Instrwnent shall be paid to the entity legally entitled thereto.
<br />7. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower shall pay
<br />ail governmental or municipal charbes, fines and impositians that are not included in paragraph 2. Borrawer
<br />shall pay these obligations on time directiy to the entity which is owed the payznent. If failure to pay would
<br />adversely affect Lender's interest in the Property, upan Lender's request Borrower shall promptly fiunish to
<br />Lender receipts evidencing these payments.
<br />If Borrower fails ta make these payments or the payments reqwired by �aragraph 2, or fails to perfanun
<br />any other covenants and agreements contained in this Security Instrument, or there is a legal proceeding that
<br />may significantly affect Lender's rights in the Properiy {such as a proceeding in bankruptcy, for condemnation
<br />or to enforce �aws ox regulations), then Lender ;may do and pay whatever is necessary to �rotect the value of
<br />the 1'roperty and I.,ender's rigl�ts in the Propeety, includiug payment aftaxes, hazard insurance and other items
<br />mentioned in paragraph 2,
<br />Any amounts d.isbursed by Lender under this paragaph sk�all become an additional debt of Borrower and
<br />be secured by this Security Instrument. These amounts shall bear interest from the date of disbursement at the
<br />Note rate, and at the option of Lender shalI be immediately due and payable.
<br />Borrower shall promptly discharge any lien which has priority over this Security Inshutner�t unless
<br />Borrower: {a) agrees in writing to khe payment of the obligation secured by the lien in a manner acceptable to
<br />Lender; {b) contests in good faith the Iien by, or defends against enforcement o£the lien in, tegal praceedings
<br />which in the Lender's opinion operate to prevent the enforcement of the lien; or (c} secures frorn the holder
<br />of the Iien an agreement satisfactory to Lender subordinating the Iian to tlus Security Insriwnent. If Lender
<br />determines that any part of the Properiy is subject to a lian which may attain priority over this Security
<br />Inshvment, Lender may give Borrower a natice identifying the lien. Borrower shall satisfy the lien or talce one
<br />or more of the actions set farth above within 10 days af the giving of notice.
<br />8. Fees. Lender may collect fees and charges authorized by the Secretary.
<br />9. Grounds for Acceleratian of Debt.
<br />(a) Default Lender may, except as limited by regulations issued by the Secretary in the case of
<br />paytnent defautts, require immediate pa}nnent in fuil of alt sums secured by this Security Insirument if
<br />(i) Borrower defaults by failing to pay in full any monthly payznent required by this Security
<br />Insirument prior to or an the due da.te of the next monthty payment, or
<br />(u) Borrawer defaults by failing, far a period of thirty days, to perform any other obligations
<br />contained in this Security Insfrument.
<br />lV'EBRASKA FHA DEED QF TRUST
<br />NEBIiASKA-MERS
<br />ITEM 269GL4 i0@1911)
<br />BAYNE,C0000447981
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