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20120539� iiiioeae2i Borrower acquires fee title to the Property, the leasehold and fce title shall not be merged unless Lender agrees to the mergar in writing. 6. Condemnation. The proceeds of any award or claim for dam2ges, direct or consequential, in connection with any condemnation or other taking of any part of the Property, or for conveyance in place of condemnation, ase hereby 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 Security Lnstrument. Lender shall appty such proceeds to the reduction of the indebtedness under the Note and this Security Instrument, first to any delinquent amounts applied in the order provided in pazagraph 3, and then to prepayment nf principal. Any application of the .proceeds to the principal shall not extend or postpone the due date of the monthly payments, which are zeferred to in paragraph 2, or change the amount of such payments. A.ny excess proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally entifled thereto. 7. Charges to Borrower and Protectfan of Lender's Rights in the Property. Borrower shall pay all governmental or municipal charges, fines and impositions that are not included in paragraph 2. Borrower shall pay these obligarions on dme directly 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 Bonower shall promptly furnish to Lender receipts evideacing 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 Instrument, or there is a legal proceeding'that may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation to enforce laws or regulations), then Lendez may do and pay whatever is necessary to protect the value of the property and Lenders rights in the Property, including payment of taxes, hazazd insurance and other items menrioned in paragraph 2. Any amounts disbursed by Lender under this paragraph shall become an additional debt of Borz�ower and be secured by this Security Instniment. These amounts shall bear interest from the date of disbursement, at the Note rate, and at the oprion of Lender, shall be immediately due and payable. 8. Fees. Lender may collect fees and charges authorized by the Secretary. 9. Grounds for Acceleratian of DebL (a) Defaul� Lender may, except as limited by regulations issued by the Secretary in the case of payment defaults, require immediate payment in full of all sums secured by this Security Instrument if: ' (i) Borrower defaults by failing to pay in full any monthly payment required by this Security Ins�ument prior to or on the due date of the next monthly payment, or (n) Bonower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument.. (b) Sale Withont Credit Approval. Lender shall, if permitted by applicabie law (including section 341(d) of the Garn-St Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j- 3(d)) and with the prior appraval of the Secretary, require immediate payment in full of all sums secured by this Security Instcunnent if (i) All or part of the Property, or a beneficial interest in a trust owning all or part of the Property, is sold or otherwise transfened (other than by devise or descent) and (ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or the purchaser or grantee does so occupy the Property but his or her credit has not been apptoved in accordance with the requirements of the Secretary. (c} No Waiver. If circumstances occur that would permit Lender to require unmediate payment in fuil, but Lender does not require such payments, Lender does not waive its rights with respect FHA Nebraska Dced of Trast - 06/I l t� 391.11 � Page 4 of 8