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<br /> circumstances.Aorrower shall nut commit waste or dcstroy,dumagc or substantiully chungc thc Property ur alluw thc . _
<br /> Property to detedorate,reasonablo weat and tear exccpted.Lender mey inspect the Property it the Pruperty is vacant -
<br /> or abandoned or the laan is in default. l...cnder may take reasanable action to protect and prc:sc►vu such vacunt or ,-r�,
<br /> abandoned Praperty. Bnrrawer shall also bc in defuult if Borrowet,during the laan appllc�tion process,gavc muterinlly •
<br /> false or inaccurate infatmation or statements to Lcnder (or failed to provlde Lender with any materlal information) ,
<br /> .�:
<br /> in connection with the loan evidenced by the Note,facludlrig,but not Umited to,representatians concerning Horrowcr's •
<br /> occupancy of the Property as a principal resldence.If thls Securiry[nstrument!s on a leasehold,Borrower shall uuuiply � _rx -
<br /> � wlth the pr�visions af the lease. If Bonawcr acquires fee iitic to thc Properry,the leasehold and�Fee titic shall not =��.-
<br /> be raer ed unless L,endcr a rees to the mer er in writla t "'"
<br /> ..,....ti► + 8 8 B g- ;'°;-_.
<br /> ' .,,, . ; 6. Oondemnatbn. The proceeds of any award ot clalm for damages,duect or consequential,in connection with _
<br /> ' any condemnatioa or other¢aking of any part af the Ptoperty,or for convcyance in place of condemnation,are hereby � -
<br /> assIgaed and shall be paid ta Lender to the extent of the full amount of the indebtedness that remains unpaid under X�
<br /> � � the Note and this Securlty Instrument. Lender shall applyaucb proceeds to the reductlon of she iadebteclness under
<br /> tha Note and this Security Inscruraent,Srst to any delinquent amounts applied in the order provided in paragreph 3, . -
<br /> and then to prepayment of principal. Any appllcation of tde proceeds to the principal shail not extend or postpone . --
<br /> •t the due date of the montWy paymonts,which are referred ta in paragraph 2,or change the amount of such payments. � �=
<br /> Any excess proceeds over an amount required to pay all outstanding indebtedness under chc IJote aad Wis Security ��`
<br /> Instrument shall bc paid to the entity IegaAy entitled thereto.
<br /> ,_°:�
<br /> 7, Charsey to Bomower wd Protaxktin af I�ad�cr't Riehts ln the Property. Borrower shaA pay all governmeatal • %•.- .
<br /> or municlpal c6arges,fines and impositions that are nat included in paragraph 2. Borrower shall pay these oblIgatlons �,_--
<br /> on time directly ta the endty which is owetl the payment. llfaQure to pay would adversely aftect Lender's interesc in �..:;;;�•��
<br /> � the Praperty,upon I.endet's requcst Borrower shaU pro:nptty funnish to Lender receipts evidencing these payments. �`'`;'�-
<br /> . ,:-:.
<br /> I[Borrower fails to make these payments or the payrneats requlred by paragraph 2,or�ails to perform any other �,7±n.
<br /> . .', covenants and agceements contained ia this Securlry Iastrum�nt,or there�S a legal proceeding that may s9gnificantly
<br /> ���� uffect Lender's rights in the Property (such as a proceeding in bankruptry, for condemnadon or to enforce laws or �%
<br /> ' � � regulations),then Lender may do and pay wbatever is necessery to protect the value of the Praperry and Lender's rights ��
<br /> �. in the Propeny,including payment of taxes,hazard insuraace aad other items mentioned in paragraph 2. -_
<br /> t Any amounts disbuised by L.ender under this paragraph shall become an additioaal debt ot Borrower and be
<br /> . .� secured by this Secudty Instrument. These amouats shall brar interest from the date of disbursement at the Note rate, _
<br /> _ _ _ and at the opdon of I.6nder shall be iminediately due aad paynble. _
<br /> � � Bonower shaU promptly discharge aay lten wMch Gas priorlty over thts Securlry lastrument unless tionower:�aj -
<br /> � agrees in wrlcing co the p�ymcnt af thc obUgacioa secured by the liea in a manner acocptable to Lender;(b)contests
<br /> �� in good falth che lien by�or defends agalnst eaforcemeat of t6e Uen in,legal proceedings whicd Ia the I.ender's opWon
<br /> � operace to prevent t.hn enforaement ot the lien;or(c)secures from the holder of the Uen an agccement satisfactory
<br /> to Lender subordinating the llcn to this Security Instru�ent. lf I.ender determines that any part of the Property is
<br /> " , subject to a lien wbich may attain prioriry over this Securitylnstrument,L,ender may give Borrowera nodce identltying
<br /> � the lisn. &trrrnver shall satist�ths lien or tekc one c�r mon of the actlons set forth above within 10 days of the giving
<br /> nt notioo.
<br /> , � Foa. Lender may collect fees and charges authorized by tha Secretary.
<br /> 9 Oround�for A000iet�tion ot Deb�
<br />_ (a) DeliW� I.ender may� wccept as limlted by regulat[ons issued by We Secretacy In the case of payment
<br /> - � defaults, requite itnmediate payment in fuU of aD aurna secured by this 5ecurity Instrument ff:
<br />: � (i) Hor[ower defaults by failing to pay in full my monthly paymeat required�y this Security Instrumenc
<br /> .�.' '��' prior to or on the due date of the nexc moat6ly payanent,or _
<br /> . ,
<br /> ' :_. (ti) Bonower defaults by failing,for a p�,dod of thirty days,to perforcn any other obllgadons contain
<br /> ` ` in this Security Instrumen� — ---
<br /> � (b) S�ie Wittioat Cae�edit App[vval. Lender shall,U permitted by appHcabie law(including section 341(d)of =
<br />" We Gara-S�Cietmain Dcpository Institutions A�ct of 1982,12 U.S.C.1701f-3(d))and v�►Ith the prtor approval _,
<br />� . . , of the Secretary,tequtre immediate payment ia full otall sums secured by this Security Instcument if: �_.
<br />_ � , , � (i) All or part of the Property,or a beneficial laterest in a trast owning all or part of the Properry,is sold
<br />°'`� - - � � or otherwLse transfened(other than by devise or descent).and = -
<br /> _�"` i (ii) The Properry is not occupied by the psuchaser or gratttee as hIs or her prtncipal residence.or the _
<br />- - pwchaser or grantee dces so occupy tha Propcsrry. but his cr her credit has not been approved in _
<br /> acoordanoe w[th the requtrements of the Secretary. -=__-
<br /> (c) No Wiiv�er. If circumstances accut that would peraut Leader to rec{uire immediate paymenc in full,but :_- .
<br /> Lender does not reyuire such payments,I.cnder does not waive its dghts wlth respect to subsequent events. "_-�
<br /> .::��.:.;�-<-
<br /> (d) Rcaulationa of HLJD Seaetary. In many clrcumstances regulattons issued by ttte Secretary will timit � ••�.-,;;;
<br /> �� LendePs rights,in the case of paymeat defaults,to requite Immediate payment in full and foreclose if not paid.
<br /> �1� This Security Instrwnent dces not authorize acceleradon or foreclosure lf not permitted by regulations of the _
<br /> :� Secretary. _
<br /> •� (o) Moitpaa Not Insurod. Borrower agrees that it this Securiry Insuument and the Nvte are not dotermined -
<br /> to be eligible for insucance under the Nat[onal Housing Act within 60 DAYS from the
<br /> jdate hereof,Lender may,at its opdon require irnmediate payment in full of aU sums secured by this SecurIty
<br /> _ _�.\.__ Instrumen� A wrltten statement of anv authoriud aRCnt of thc Secretary dated subspnuent to
<br /> . �� '� 60 DAYS froen the date hereof,decflning tm insure this Secnrity Iastrument and the Note, shali be r--`-
<br /> decmed conclusive proof of such ineligiblllty. Notwithstanding the foregoing,this optfon may not be exercised �
<br /> � by Lender when the unavallabulty of insurance is wlely due to Lender's failure to remit a mortgage insurance �
<br /> ipremium to the Secretary. �
<br /> • I
<br /> NBBRARKA-FIiA DS6D ON 1RUSC � �
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