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201208983 roaterially false or inaccivate informatiou or statement�s to Lendcr (or failed t�o provide Lender wich any material information) in connection with the loan evidenced by the Note, includiug, but not limited to, represcntations concerning Borrower's occupancy of the Property as a principal residence. If this Sccurity Instruinent is on a leaschold, Borrowcr shal I comply with the provisions of the lease. [f Borrower acquiros fee title tn the Property, the leaschnld and Cec LiLlc shall nnL bc merged unless Lender agrees lo Ihe merger in writing. 6. Condemnation. Thc proceeds of any award or claim Cor damages, direcl or consequential, in connection wilh any condemnation or other t2king of any part of tliz Property, or for conveyanee iu place of condemnation, are hereby assigned and shall be paid to Lender to the extent of the fiill amount of the iudebtedness that remains unpaid under tl�e Note and this Security Insh�uinent Le��der shall apply such proceeds to the reduction of the indebtedness under the Note a�id this Security Instrument, first to any delinquent amouuts applied in Ihe order providcd in paragraph 3, and then to prepaymenl of principal. Any application oC the proceeds to the principal shall��ot cxtend or postpone the due dute of the monLhly payrnents; which are referred to in paragraph 2, or change the amount of such payments. Any execss procecds over an amowit required to pay all outstandiug indebt�dness under the Nnte and this Securiry instrument shall bc paid to the entity legally entitled thcrcto. 7. Charges Co Borrower and Protection of' Lender's Rights in the Property°. Bon-ower shall pay all governmental or municipal charges, fines and impositions that arc not included in paragraph 2. Borrower shall pay these obliga[ions on time directly to the entity which is owed the payment. If failure to pay would adversely aftect Lender's iuterest in tlie Property, upon Lender's requcst Borrowe� shall promptly fainisl� lo Lender receipis evidencing these payments. If Borrowzr fails to make tLese payments or the p�yments reqiured by paragraph 2, or fails to perforn�any other covenants and agreements contained in this Security Instrnment, or there is a legal proceeding that may significantly affcet Lender's rights in the Properry (;such as a proceeding in bankruptey, for condemnation or to enforce laws or reg�ilations), then Lender may do and pay whaYever is necessary to protect the value of the Property and Lender's rights in the Properry, iucluding payment of'taxes, hazard insurnnce and other itcros mentionad in paragraph 2. Auy amottnts disbutsed by Lender under this parxgraph shall become an additional debt of Borrower and 6e secu�ed by this Securiry Instrument. These amount�s s6xll bcar interest from thc date of disbursement at khe Vote rate, �nd at the option of Lender shall be imrnediately duc and payable. Borro�i�er shall promptly dischv-ge any licn which has prioriTy- over this Security ]nstrurnent unless Rorrower: (a)a�'eesin writing to the payinent of the abligalion sccured by the lien in a manner acceptable to Lender; (b)contests in good f'aith the lien by, or defencls against cnforcernent of the lien in, legal proceedings wlvch in the Lender's opinion operate to prevent. the cnCorcement of the lien; or (c) sccures from the holder of the lien an agreement satisfactory to Lender subordinaling thc licn to this Seciuity histrwncnt. If Lender determiues that any part of the ProperLy is suhjcct to a licn which may attain prioriCy over this Sccurity InstrLunent, Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lie� or take one or more oC the actions set Corth above within 10 days of the giving of notice. 8. Fees. Lender may collect fees and charges authorized by the Secretary. 9. Grounds for Acccicration of Debt. (a) Default. Lender may, except as limited by regulltions issued by the Secretary in the case of payrne��t deFaults, xequite itnntediate payment in ful l of all sums secured by t1�is Security Instrument if. (i) Borrower deYaalts by failing to pay in full xny monthly payment required by this Security Instrimient prior ko or on �he duc date of the next monlhly payment, or (ii) &irrower defnults hy fziling for a period of thiety days, t�� perform any other obligations contained in this Securiry Tr�strumet�t. (b) Sale Withouk Credit Approval. Lender shall, ifpermitted by applicabic law(including section 341(d) of the Garn-St. Germain Depository Institutions Aci of 1982, 12 U.SC. 1701j-3(d)) and with the prior upproval oC the Secretary, require i�mnediate payme��t in f�tll of all swns accured by this Scx;urity Instrument iC: (i) AI I or part of the Property, or z beneficial interest in a trusL owning all or part of die Property, is sold or othenvise transferred(other than by devise or desecnt), and FHA NEBRASKA DEED OF TRUST - MERS OoeMaglc�s,rP.R�� NEDOTZ.FHA 07/03112 Page 4 of 9 www.docmagiacom