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201202422 iiiioeaa9i If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to tha Property, the leasehold and fee titlo shall not be merged unless Lender agrees to the marger in writing, 6. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any part of the Properiy, or for conveyance in place of condemnation, are hareby assigned and shall be paid to Lender to the extent of the full amount of the indebtedness that remains unpaid under the Note and this Sacurity Instrument. Lender shall apply such proceeds to the reduction of tha indebtadnass under the Nota and this Security Instrument, first to any delinquent amounts applied in the order provided in paragraph 3, and then to prepayment of principal. Any application of the proceeds to the principal shall not axtend or postpone tha due data of the monthly payments, which are referred to in paragraph 2, or change the amount of such paymants. Any excess proceeds over an amount required to pay all outstanding indabtednass under the Note and this Sacurity Instrument ahall be paid to the entity legally entitled thereto, '1. C6arges to Borrower and Protect�on of Lender's Rights in the Property. Borrower shall pay all govemmental or municipal charges, fines and impositions that are not included in paragraph 2. Borrower shall pay thesa obligations on time diractly to the entity which is owed the payment, If failure to pay would adversely affect Lender's interest in the Property, upon Lender's request Borrower shall promptly fumish to Lender receipts evidencing these payments. If Bonower fails to make these payments or the payments required by paragraph 2, or fails to perform any other covenants and agreements contained in this Security Instrumsnt, or there is a legal proceeding that may significantly affect Lender's rights in the Property {such as a proceeding in bankruptcy, for candemnation to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect the value of the property and Lenders rights in the Property, including payment of taxes, hazard insurance and other items mentioned in paragraph 2. Any amounts disbursed by Lender under this paragraph shall become an additional debt of Bonower and be sacured by this Security Instrument. These amounts shall bear interest from the date of disbursement, at the Note rate, and at the option of Lender, shall be immediately due and payable. 8. Fees. Lander may collect fcas and charges authorized by tha Secratary. 9, Grounds for Acceleration of Debt. (a) Default. Lender may, excapt as limited by regulations issued by the 5ecretary in tha case of payment defaults, require immediate payment in full of all sums sacured by this Sacurity Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment required by this Security Instrument prior to or on the due date of thc next manthly payment, or (ii) Bonower defaults by failing, for a period of thirty days, to perform aay other obligatians contained in this Security Instrument. (b) Sale Without Credit Approval. Lender shall, if permitted by applicable law (including section 341(d) of the Gam-St Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j- 3(d)) and with the prior approval of the Secretary, require immediate payment in full of all sums secured by this Security Instrument if (i) All or part of tha Property, or a beneficial interest in a trust owning all or part of the Property, is sold or otherwise transferred (other than by devise or descent) and (ii) Tha Property is not occupied by tha purchaser or grantee as his or her principal residence, or the pwchaser or grantee doas so occupy the Property but his or her credit has not been approved in accordanca with tha requirements of the Seeretary, (c) No Waiver. If circumstances occur that would permit Lender to require immediata payment FHA Nebreaka Deed of Truat - 06/1 t � 391.11 Page 4 of 8