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�01208655 materially false or ina.ccurate information or statements to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Bonower sha.11 comply with the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and fee title shall not be merged unless Lender agrees to the merger in writing. 6. Condemnation. The proceeds of any awazd or claim for damages, direct or consequenrial, in connection with any condemnation or other taking of any part of the Property, or for conveyance in place of condemnation, are hereby assigned and shall be paid to Lender to the e�ent of the full amount of the indebtedness that remains unpaid under the Note and this Security Instrument. Lender sha11 apply 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 of principal. Any application of the proceeds to the principal shall not extend or postpone the due date of the monthly payments, wluch are refened to in paragraph 2, or chaage the amount of such payments. Any 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 entitled thereto. 7. Charges to Borrower and Protection of Lender's Rights in the Property. Bonower shall pay all governmental or municipal charges, fines and impositions that are not included in paragraph 2. Bonower shall pay these obligations on time directly to the entity which is owed the payment. ff failure to pay would adversely affect Lender's interest in the Property, upon Lender's request Bonower shall promptly furnish 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 tlus 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 or to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's 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 secured by this Security Insh�ument. 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. Bonower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien wluch may attain priority over this Security Inst�vment, Lender may give Bonower a notice identifying the lien. Bonower shall satisfy the lien or take one or more of the actions set forth above within 10 da.ys of the giving of notice. 8. Fees. Lender may collect fees and charges authorized by the Secretary. 9. Grounds for Acceleration of Deb� (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 a11 sums secured by this Security Instrument if: (i) Bonower defaults by failing to pay in full any monthly payment required by this Security Instrument prior to or on the due date of the next monthly payment, or (u) Bonower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument. (b) Sale Without Credit Approval. Lender shall, if permitted by applicable law (including section 341{d) of the Garn-S� 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 s�ured by this Security Instrument if: (i) All or part of the Property, or a beneficial interest in a trust owning all or pa.rt of the Property, is sold or otherwise transfened (other than by devise or descent), and FHA NEBRASKA D� OF TRUST - MERS NmOTZ.FHA 07/03/12 Page 4 of 9 Dor�leglo � www.docmagfc.com IIIIIIIII IIIIIIIIIIIII IIII I I II I II II I I IIIIII IIIIIIIII III